In Malta, the world's first ICCO (Initial Convertible Coin Offering) is currently taking place. Palladium is behind the trading platform and started the ICCO on July 25 this year. Until 30th September investors have the chance to buy the first coins. Palladium's goal is to spend 150 million euros during this time.

The special:

The big difference from an ICCO to an ICO is that after 3 years investors have the opportunity to exchange the coins for company shares. In other words, this system has the advantage that the shares act more or less like equities and provide a certain amount of security and real value.

The exact distribution of money:

The money collected is planned for the following purposes:

50% is intended to be invested in a European bank.
35% should go into creating their own regulated cryptocurrency exchange.
15% will be used for further investment in financial services and blockchain companies.

Malta as a blockchain paradise:

It is also interesting to know that Unikrn and Bittrex are among the two partners of Palladium. In addition, the company has institutional support in Malta to better link cryptocurrency with reality and make it more attractive.
Founder Paolo Catalfamo also hopes that more than 100 jobs will be created through a successful ICCO. Furthermore, the University of Malta will soon even offer blockchain degrees to better prepare and train people for the new technology.