Deepfake is a cryptocurrency trading platform that allows users to buy and sell virtual goods and services.
The company has grown into a $50 billion market cap and has made significant progress in creating a secure, decentralised exchange.
Its platform has been used for bitcoin and ethereum trades, but has since moved to its blockchain-based trading platform.
A recent article by Forbes revealed that the company had over $500 million in annual revenue and its token sale is scheduled for March 20.
The cryptocurrency has had mixed success on the trading market.
It has struggled to gain traction and was valued at around $100 per token.
However, Deepfake has recently made significant strides in scaling its platform, with the company announcing a new ICO on February 16.
The platform is currently trading at $1,094.50 per token, according to CoinMarketCap.
On February 16, the company announced that it had raised $250 million in new funding.
The Deepfakes token sale will start on February 19, and the company expects to sell the tokens at a valuation of $500 per token at a price of $1 per token on February 20.
The company’s token sale has been called a “major milestone” by Bloomberg, and will be held via the Ethereum blockchain.
According to the company’s website, the token sale aims to raise $1 billion for the company and its founders.
“Deepfake is an Ethereum-based cryptocurrency trading service, providing an online trading platform for Deepfake Tokens, which are virtual currencies that are used for deep-dive trading,” Deepfake CEO Marko Skanin told the publication.
Deepfake has not yet announced a date for the token sales.
[Photo: Flickr] The Deepfake token sale runs until March 20, 2018, and all tokens will be auctioned off in a new crowdsale on February 21.
The ICO has been advertised as an opportunity for Deepfakers to acquire more capital and boost its valuation.
The new token sale platform will be the first of its kind and will allow users to invest in Deepfake in a manner similar to traditional crowdfunding.
In addition to investing in Deepfasks token, users can also use their funds to purchase a share of the company through a special token, known as the Deepfix.
Read more about Deepfake here.
Featured image by Flickr user ____________________