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Monday, 08/20/2018 10:43:10 AM

Monday, August 20, 2018 10:43:10 AM

Post# of 477
ICO and Network Updates!

7 days ago

Dear Start Engine Members and Investors,



Thank you for your interest in CannCo Brands and CannCoin. We've had a busy summer and wanted to share some updates with you.



We have been spending time in discussions with many cryptocurrency groups and ICO consulting teams regarding our upcoming Initial Coin Offering. We recently selected the team that will be helping to manage our ICO, from pre-sale through exchange listing. They have extensive experience and extraordinary skill in every aspect of the ICO lifecycle, from investment materials and token economics, to smart contract authoring and security audits, to ICO marketing and exchanging listing. They have managed over 20 successful ICO's and perhaps most importantly, they have highly specialized experience managing ICO's that incorporate the critical aspects of our business model, including mobile payments, business banking, merchant processing, and consumer rewards structures. They have even managed one of the most successful cannabis related ICO's in history. We'll be able to announce the ICO team as soon as appropriate SEC filings and press releases have been issued, so stay tuned!



We're hoping to launch the ICO by year's end, as we believe strongly believe that the market for ICOs will be robust this fall and we want to participate in that energy. Despite the volatility in the cryptocurrency market at the end of last year and beginning of this year, more money has been invested in ICO's in the first half of this year than the entirety of 2017. That, combined with the fact that ICO and cryptocurrency markets historically experience strong growth in the 4th quarter of each year, gives us hope that fall will be the perfect time to launch our ICO.



We have been equally busy on the operational front, establishing the relationships that will allow us to deploy the technologies we are developing, once they are ready to beta test. We are in active contract negotiations with numerous brands, distributors and even state regulators, which would allow CannCoin users to be able to utilize their utility tokens immediately, upon issuance. Our team is very excited at the progress we are making in this regard and we look forward to sharing more developments over the coming weeks and months, as those relationships are contractually finalized.



I would also recommend that you read some of our user comments in this StartEngine offering, as many of you have asked some very insightful questions and we have hopefully answered them with equally helpful information.



If you have any questions for us please feel free to submit them here, or in the user comments section below.



Best regards,



Marcus

https://www.startengine.com/cannco