$350 Million Cryptocurrency Fund Launched By London Football Exchange

The London Football Exchange (LFE) is going to launch its own cryptocurrency, which will offer token holders special discounts, exclusive offers and rewards.

The cryptocurrency will bring activity to a football community and provide alternative way to current ticketing technology.

LFE is in discussions with more than 50 clubs throughout Europe, USA and Australia.

The CEO of London Football Exchange Charles Pittar said:

“Our vision is to allow football clubs to take advantage of the token funding economy for their financing needs by providing them with a tokenised financing infrastructure which involves token design and issuance services.”

4 billion tokens will be generated by the ICO, with 2.4 billion tokens available for general sale at a price of $0.20. The purpose is to rise $350 million. The pre-sales run from 15 January 2018 to 11 February 2018, with the public sale taking place directly afterwards, from 12 February 2018 to 20 May 2018.

Set up as a financial, technology, media and entertainment group in 2017, the LFE aims to be the world’s first ever football club stock exchange, regulated in the UK and EU. LFE will allow fans, traders and investors to buy football club shares globally.

The LFE , which was set up as financial, media and entertainment group in 2017 aims to be the world’s first football club stock exchange in the UK an EU. It will allow fans, investors and people who are interested to get football club shares worldwide.

The Football CEO of LFE Scott Smith said:

“The LFE aims to become a “one-stop shop” for clubs of all sizes to raise capital via equity sales and also offer LFE contributors a wealth of fan experiences and social interaction.”