Key takeaways
- Blockchain.com joins the growing number of cryptocurrency companies planning for an IPO.
- The iDEGEN presale nears $23 million as token listing approaches.
Blockchain.com inches closer to an IPO
Blockchain.com, one of the oldest cryptocurrency exchanges and wallet providers, is taking steps towards an initial public offering (IPO). This comes as the company appointed two seasoned executives with financial and operational expertise.
Bloomberg reported that the company hired Justin Evans, who previously worked at Goldman Sachs, as its new chief financial officer. Blockchain.com also appointed Mike Wilcox, previously CFO of Velocity Global and former Point72 portfolio manager, as its chief operating officer.
Evans revealed that the company is taking the steps necessary to go public if and when the public markets are available. Blockchain.com joins a growing number of crypto companies looking to go public, including Circle, Kraken, Bullish Global (Parent company of CoinDesk), Gemini, Ripple, and BitGo.
What is iDEGEN?
The cryptocurrency space continues to go mainstream as more crypto companies prepare to go public. New projects also continue to emerge, offering users excellent utilities and the opportunity to invest early.
iDEGEN is a memecoin that would offer massive utility to its users by launching several products and services. It has already raised nearly $23 million and will use the funds to develop its products.
It is a meme project that leverages the benefits of AI to create the next billion-dollar memecoin. According to the whitepaper, iDEGEN is an AI tool that primarily functions as such. It continuously evolves and adapts by leveraging community feeds on X. While iDEGEN is powered by AI, degens ultimately raise the tool.
Its native token, $IDGN, will power the various products and services within the iDEGEN ecosystem. $IDGN’s launch as a memecoin stems from the recent growth of the meme narrative in the crypto space. Last year, the memecoin ecosystem grew from a $20 billion market cap to $120 billion, representing a 500% growth within 12 months.
Furthermore, the $IDGN token will launch on exchanges in less than two weeks following a successful presale. Once it goes live, it could become one of the best-performing coins in the broader crypto market.
The iDEGEN tool allows users to feed their data through tweets, tags, and comments. The iDEGEN tool absorbs the post and adds it to its knowledge base; that’s how it learns. Furthermore, iDEGEN posts on X every 60 minutes and can generate and post memes.
iDEGEN’s presale nears $23m
The iDEGEN presale is close to its end and has raised nearly $23 million, with ten days left. In the current stage, the $IDGN token is worth $0.0285, and its price will increase to $0.0314 in the next stage. In the final presale stage, it will be worth $0.038, giving early investors a massive ROI before the token launches on exchanges.
The presale ends in ten years, with the $IDGN token to be listed on centralised and decentralised exchanges.
Should you buy the $IDGN ahead of listing?
The iDEGEN presale ends in ten days, which could be an opportunity for investors to get in early. This project and its native token could be among the best performers in the market in the coming months.
iDEGEN offers a unique value proposition, making it an interesting memecoin. Its native $IDGN token could gain massive adoption within the crypto ecosystem as its tool offers an excellent use case. Early investors can earn excellent ROI once $IDGN goes live in a few days.
