Before Xiaomi was listed in Hong Kong, "Xiaomi Coin" had already been launched around the world
according tobtcmanageraccording toAccording to the source,
On the eve of Xiaomi's listing in Hong Kong, Blackmoon announced that it would launch an ICO project and use the funds raised to participate in Xiaomi's IPO. However, a Xiaomi spokesperson said that the company had no knowledge of this.
Blackmoon is a fund custody company based in Moscow. On June 22, he tweeted that investors can purchase platform tokens (named BMxXMI tokens) with Ethereum, Bitcoin, and Litecoin, and then exchange them for equivalent Xiaomi shares. However, tokens are locked for 93 days. If the investor wants to redeem and withdraw cash, Blackmoon will sell Xiaomi shares and eventually return the cryptocurrency to the investor.
existexistBlackmoon official website
In the article published on the website, it focused on Xiaomi’s past performance to attract investors, and claimed that “thanks to the Blackmoon platform, investors can have the opportunity to benefit from Xiaomi’s profit growth.” Currently, the project is still In progress.
Interestingly, in addition to the Chinese market, Blackmoon sells BMxXMI tokens to investors from other countries around the world. Blackmoon CEO Oleg Seydak responded that this was due to regulatory issues in China. Furthermore, he declined to disclose the current sales volume of BMxXMI tokens, only revealing that the majority of token buyers are from France, Germany and the United Kingdom.
First, the tokens sold by Blackmoon are in the nature of securities derivatives. The change of its price depends on the price change of its underlying asset (namely Xiaomi stock), and investors bear the gains and losses caused by the rise and fall of the underlying asset price. Second, investors are also affected by token fluctuations.
(I am Yannan, a reporter from Odaily. I am exploring the real blockchain. Please add WeChat nangua421262 for breaking news and communicating. Please note your name, unit, position and reason.)
