Romanian crypto exchange TOKERO to raise €1.5m for a 10% stake
“We currently aim at raising €1.5 million for 10% shares, out of which half is already secured, in order to continue building what we call the “TOKERO ecosystem”.
TOKERO, the Romanian crypto exchange formerly known as LDV Exchange, has reportedly hit the €2.5 million turnover milestone, 125 times higher in comparison to the €20,000 turnover recorded in 2019.
The firm has experienced strong growth throughout the pandemic, having seen the total volume of transactions reaching €75 million at the end of 2021, a threefold increase compared to €25 million in 2020.
One of the firm’s business segment is a funding platform for startups, in which it has raised over USDT 2 million in pre-sale campaigns for four projects: HUMANS.AI, WAM, BH Network and AtlasNavi.
Revenues stemming from this line of business have exceeded €1.5 million and have also contributed to the increase in the number of customers in the crypto exchange segment.
TOKERO to launch own native token for its ecosystem
In three years, TOKERO saw its customer base growing from 5,500 to 30,100 users, but the Romania-headquartered exchange has plans to scale the business further.
To do so, TOKERO is preparing a new funding round which aims at raising €1.5 million in exchange for a 10% stake. The firm has previously raised money from high-profile Romanian investors, Cristian Onețiu, Răzvan Munteanu and Avi Cicirean. This was in May 2021.
Fast forward one year, TOKERO co-founders Marius Morra and Sabin Simionescu have announced a new fundraiser which includes the launch of its own native token on which TOKERO’s ecosystem will be built. Instead of a closed round like last year, the new round will be open.
Marius Morra, Chief Executive Officer of TOKERO, commented: “Our latest financial results and evaluation prove that TOKERO is a solid business and our plans for the future are more ambitious than ever. We currently aim at raising €1.5 million for 10% shares, out of which half is already secured, in order to continue building what we call the “TOKERO ecosystem”.
“The next step will be the launch of the TOKERO TOKEN – a utility token developed after $BNB from Binance, $CRO from Crypto.com combined with $POLS, the native token of the Polkastarter launchpad. The entire TOKERO ecosystem will be built around the token, which will include several services and benefits, the first ones already active, exchange, launchpad and TOKERO PRO.”
TOKERO leads the Romanian crypto market and incorporates an educational platform – primacriptomoneda.ro, which was also recently released internationally as myfirstcryptocurrency.com.
The firm currently consists of a team of 21 people and offers premium support services through the TOKERO PRO loyalty program, a premium business service in the crypto segment.