Ireland has its first ICO as Mingocoin goes into PreSale on Monday25th.
Ireland is emerging as the hub of a booming center for fintech and blockchain companies. With the well-established International Financial Services Centre (IFSC) and the Silicon Docks with its coterie of world leading firms like Google and Facebook having their EU headquarters.
Is it Small Countries Leading The Blockchain Revolution?
The small emerald Isle has created the ideal breeding ground for the new sector, which is challenging the world’s traditional financial services with the latest disruptive of blockchain and crypto technologies.
In the wake of brexit many fintech companies are moving to Ireland to still be apart of the EU trading bloc while also taking advantage of Ireland’s tax benefits.
Despite China’s recent ban, people are still eager to participate. Many countries are welcoming blockchain technologies with the likes of Isle of Man, a neighbour to Ireland and Estonia leading the charge.
Estonia seems to be at the forefront of the blockchain revolution in europe, offering an e-residency program and now considering a way of offering currency to e-residents.
Where does Ireland fit in in all this craze?
Enterprise Ireland which promotes jobs and innovation has supported Mingo in the years leading to its pre sale ICO. Mingo, which is set for its Pre-Sale launch this September the 25th.
According to Mark Atterbury of Regional Development of Enterprise Ireland stated
“We see Mingo will fulfill a market need that is currently being underserved and undervalued. Our expectations with fund winners such as [Mingo] are demanding; to see the company grow rapidly through export revenue and job creation is the ultimate goal, 15 of 20 and this feasibility fund helps support the business achieve an investment-ready offering. We look forward to supporting [Mingo] on their journey to success.”
MingoCoin which already has a working product, a multi platform messaging app with a user base of 50,000 users.
That is set to rise to 1.2million within the first year and will add a cryptocurrency to its service which is a standard ERC-20 token powered by the ethereum network. MingoWallet will facilitate cryptocurrency and fiat currency transactions across multiple platforms by using the Interledger protocol. Transactions will be near instant utilizing the Lightning and Plasma networks.
As more ICOs are launch it will force more and more countries to show their hand with their stand on Blockchain technologies.