Coinsbit Cryptocurrency Exchange will hold the initial exchange offer (IEO) of the Kernel-Trade platform, which tokenizes agricultural assets and real estate. This was reported in a press release.

The Kernel-Trade platform is designed to promote the development of agro-industrial enterprises through the creation of a tokenized ecosystem for physical assets and property rights.

«Kernel-Trade aims to bring managers and asset owners with investors through the creation of low-risk financial instruments to blokcheyne backed by real estate, agro-industrial assets, property rights and so on", – stated in the Kernel-Trade.

The platform acts as a central part of the KNL ecosystem. It enables users to invest in agribusiness, providing industry participants with a platform for publicly offering assets. All transactions on the platform will be carried out using the KNL token and its own Kernel-Trade blockchain based on Stellar technologies.

The company claims that all tokens are backed by real physical assets, the safety of which is guaranteed by Kernel-Trade.

The first round of token sale will be held from August 27 to August 29, 2019. The second round starts on August 29, 2019.

In total, 17 million tokens worth $ 0.1 each will be placed for sale within the IEO, and the minimum purchase amount will be 1 KNL. The minimum goal of the fees is $ 350,000, and the maximum is $ 1,700,000.

During the IEO, 50% of KNL tokens will be put up for sale, 25% – aimed at marketing and ecosystem development, 20% will be received by the team and 5% will remain in the Foundation.

Recall that earlier this year Coinsbit announced integration with 200,000 POS-terminals, which will allow customers to purchase digital coins for fiat without intermediaries.

Subscribe to BlockchainJournal news on Telegram: BlockchainJournal Feed – the entire news feed, BlockchainJournal – the most important news and polls.