Electric Scooter Startup Spin Seeks $125 Million In ‘Security Token Offering’

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An electric scooter startup called Spin is trying to raise close to $125 million in what’s called a security token offering (STO), which sells tokens backed by real-world financial instruments, according to Axios and confirmed by TechCrunch. The STO marks a new phase in funding following initial coin offerings, TechCrunch observed. STOs provide more security

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Posted by Lester Coleman on June 30, 2018 @ https://www.ccn.com/electric-scooter-startup-spin-seeks-125-million-in-security-token-offering/

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