The Australian Securities Exchange (ASX) has initiated a probe into Byte Power Group (BPG), which is seeking to raise $15 million via an initial coin offering (ICO) for the launch of a cryptocurrency exchange. Addressing the regulator’s concerns, the public technology solutions provider revealed on Wednesday details of its plans.
Announcing its intended token sale on July 19, BPG said it aimed to issue a total of 1 billion Byte Power X Loyalty Tokens (BPX). The company also revealed at the time it planned to sell 25% of the amount to private investors at a price of $0.06 per unit. The remaining 75% will be allocated for “pre-reg...
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