Peer to Peer Network Unveils Approval for Revolutionary Utility Token "Mobicoin"
CAMBRIDGE, MA / ACCESSWIRE / July 19, 2024 / Peer to Peer Network , also known as Mobicard™ and trading under the symbol $PTOP on the over-the-counter markets, proudly announces that it has gotten the legal approval to launch its groundbreaking utility token, Mobicoin. This significant milestone marks a new era for the company's digital business card platform, Mobicard™, and sets the stage for unprecedented growth and innovation. This was announced by Joshua Sodaitis, CEO of Peer to Peer Network, in his recent appearance on the Stock Day Media Podcast.
Key Highlights:
Crowdfunding Initiative: Peer to Peer Network has received approval through a FINRA-registered third-party intermediary for equity crowdfunding. For the first time, an unlimited number of unaccredited investors can invest in the company with a minimum investment of $250. This initiative democratizes investment opportunities, allowing a broader spectrum of individuals to participate in the potential growth of Peer to Peer Network.
Mobicoin™ - The Utility Token: The second major announcement is the legal opinion ruling Mobicoin as a utility token. Mobicoin is designed to incentivize users to share their Mobicard™, a digital business card that simplifies professional and personal connections. Users will earn Mobicoin for sharing their Mobicard™, which can then be traded on coin exchanges similar to cryptocurrencies like Bitcoin.
Utility and Functionality: Mobicard™ users can share their digital business card, which includes all their social media links, and receive real-time notifications when someone opens it. To incentivize this sharing, Peer to Peer Network will reward users with Mobicoin. For example, sharing the Mobicard™ 100 times in a week could earn a user 100 Mobicoin. These tokens will trade on various coin exchanges, creating a secondary market for Mobicoin.
Legal Compliance: Mobicoin has been carefully designed to function as a utility token, ensuring it does not fall under federal securities law. A thorough legal analysis confirmed its status, avoiding the need for costly registration with the SEC. This allows Peer to Peer Network to launch Mobicoin without the added regulatory burden and expense associated with initial coin offerings.
Impact and Potential:
The previous launch of Mobicoin in 2017 saw the stock price surge by 993.75% in a single day, demonstrating the token's significant market impact. While the regulatory landscape has evolved since then, the careful planning and legal compliance for this new launch aim to replicate or even exceed past successes.
Crowdfunding Portal:
Peer to Peer Network's crowdfunding campaign is hosted on Silicon Prairie LLC's portal. Non-accredited investors can now invest directly in the company, starting with as little as $250. This campaign is a strategic move to engage a wider audience and raise necessary funds for further growth and development.
About Peer to Peer Network:
Peer to Peer Network, through its flagship product Mobicard™, offers a digital business card solution that enhances professional and personal networking. By leveraging the power of Mobicoin, the company aims to revolutionize the way people connect and interact in the digital age.
CONTACT:
Joshua Sodaitis
joshsmobicardinc@gmail.com
(617) 653-5365
SOURCE: Peer to Peer Network
View the original press release on accesswire.com
