BUTTON Raises $20K in Pre-Seed Funding

BUTTON BLOCKCHAIN TECHNOLOGIES (BUTTON) announced that it has successfully raised $20,000 USD in a pre-seed round and has joined the second class with Boston’s accelerator Play Labs. The company offers a financial technology platform for personal cryptocurrency fiscal management and develops corporate blockchain solutions for tokenized projects accessible through Telegram messenger. Play Labs accelerator is a private accelerator run by Bayview Labs (investor in Twitter, Facebook).

BUTTON is developing a multi-cryptocurrency wallet and exchanger based on Telegram - a key communication platform for the cryptocurrency and blockchain sector. The wallet also provides access to a decentralized exchange and other services. The company's goal is to create a convenient and secure product for retail customers. In addition, BUTTON is developing a corporate platform for customers’ relationships and communication for tokenized projects and plans a full-fledged launch of the corporate solution in early 2019.

At the initial testing stage, BUTTON attracted over 7,600 beta users, with 12% being active (conducting transactions, either transfers or cryptocurrency exchange transactions).

BUTTON plans to attract 200,000 customers by the end of 2018.

"Today, the cryptocurrency market is not transparent and convenient enough for a retail user, “said Alexandr Safonov, CEO of BUTTON. “This fact does not only suspend the development of the sector, but also deprives the business of a significant part of potential customers. We are grateful to Play Labs for allowing us to develop our product aimed to give users the opportunity for seamless entry into the cryptocurrency space."