Afterschool.ae to initiate coin offering to raise money for expansion

Afterschool.ae  is an online marketplace that makes it easy to search for after school acitivties listed in Dubai all form one site.  Afterschool.ae recently announced that it will be allowing parents to use digital tokens and other crypto currencies to pay for their children’s’ after school activities.

Afterschool will launch an innovative ‘initial coin offering' (ICO) aiming to raise $1m by issuing its own currency known as ‘Afterschool Tokens' (ASTs). Afterschool will use a blockchain-based payments system where parents can use the tokens, and other crypto-currencies such as Bitcoin, to book and pay for activities provided both by Afterschool and third party affiliates.

The scheme is the first step in the company's plans to expand in the GCC and Southeast Asia by using blockchain technology. The company already has more than 500 activity providers, and 25,000 parents using the services.