SANTA MONICA, Calif.--(BUSINESS WIRE)--Element Group, a full-service advisory firm for the digital token capital markets, today announced that it will provide the winning team of the June 14th Tokenmatch competition with access to its Valence platform, a new and fully integrated solution that is designed to conduct safe, compliant and user-oriented token sales. Daniel Ice, Chief Technology Officer of Element, will serve as a featured judge and will help in selecting the winners. Ice has an extensive background in technology and software development spanning over ten years and has aided numerous entrepreneurs in the startup space.
Tokenmatch brings together more than 20 Initial Coin Offering (ICO) teams and offers them a unique opportunity to present to small groups of investors that have the capacity and mandate to deploy capital in closed door boardrooms. Teams receive feedback from investors, negotiate terms and close deals in one day. Each team has 20 minutes to pitch investors and judges spanning four categories:
- Category A: Digital Currency Funds
- Category B: Traditional Venture Capital, Private Equity, Sovereign Wealth and Hedge Funds
- Category C: Family Offices
- Category D: Syndicates, Angel Groups and Individual Token Investors
The winning group in the Digital Currency Funds category will receive access to Element’s Valence platform, an innovative solution that eliminates a broad array of technical problems typically encountered during the token sale process, including phishing attacks, integrated KYC/AML checks, system failure under high loads, acceptance of multiple currencies and poor overall tracking around token flow – all of which can lead to monetary loss. Element has found that approximately 10% of ICO funds have had to be forfeited due to hacking and lack of security, but by using Valence, clients have combatted these threats and have successfully raised more than $180 million over the past year.
“I’m excited to meet with the talented teams presenting at this year’s Tokenmatch competition and look forward to sharing my experience and perspectives with the next generation of forward-thinkers in the digital assets space,” said Daniel Ice, Chief Technology Officer of Element Group. “As a leading, full-service advisory firm spanning the digital token capital markets, Element is deeply committed and focused on helping to bring greater transparency and credibility to the industry. To that end, we believe Valence is an important development in that it helps to create the proper tooling and operational infrastructure to help further institutionalize and support the entire ICO process in a safe and compliant manner. May the best team win.”
To launch a token sale, apply for Element Group’s Valence platform here: https://elementgroup.com/home/valence/.
About Element Group
Element Group is a full-service advisory firm for the digital token capital markets that delivers advisory, capital markets, technology and asset management services in an integrative manner. Element manages investor and client funds on a non-discretionary basis, investing in promising emerging protocol and DApp technologies and utility driven crypto-currencies. Element also executes token sales and ICOs and supports market-leading transactions with technology, bridging the gap between token buyers and issuers, and delivering thought leadership on structuring and process.