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CoinLinked seeks to raise $5m in regulated Security Token offering



Blockchain-based social network and commerce platform CoinLinked plans to raise $5 million in a regulated security token offering (STO). The California tech company will allow accredited U.S. investors (Reg D) and qualified non-U.S. investors (Reg S) to participate in the Series A funding round.

Launched in May this year by Wall St. veteran and CoinLinked CEO Jenny Q. Ta, the platform seeks to promote crypto as a means of payment globally. It enables anyone to buy anything available on the Internet with cryptocurrencies, including Bitcoin (BTC), Ether (ETH), and the stablecoin USDC.

The social networking aspect allows members to earn a cryptocurrency called CoinLinked Coin for sharing and commenting on posts to grow the network. Ta likened it to a hybrid decentralized/centralized amalgamation of Twitter, Instagram, and Amazon.

“The current offering will provide discerning investors with a highly selective opportunity to play a key role in taking our fully functional social marketing platform and proven crypto-commerce concept to the next level of AI innovation.”

The round will sell up to 200 units, each consisting of 12,500 CoinLinked Security tokens, at $25,000 per unit — equating to a price of $2 per token. Investors will be able to invest through USD, BTC, ETH, USDC, and XTZ.

Earlier this year, Ta told Cointelegraph Magazine’s Andrew Fenton that when the regulatory environment permitted it, she hoped to one day also link the security token’s distribution to participation in the social network and payment platform.

“So our two tokens are still independent of each other. But will there soon be a bridge between the two? I believe so,” she said. “I know it’s coming. And personally why do I want both of my tokens to be connected? It’s because we’ve all been social media users for the last 15-20 years and we’ve earned nothing.”

“We’ve seen the founders of these companies are super wealthy but as users we were the ones who helped them get there. There’s me and the shareholders and then the users and so I want to make sure everybody shares a piece of the pie.”

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Polish city becomes first to adopt Ethereum blockchain for emergency services




Olsztyn, Poland is reportedly the first city in the world to leverage Ethereum’s blockchain to aid the provision of emergency services, offering yet another tangible use case for distributed ledger technology. 

Olsztyn has completed a successful trial run of SmartKey, a bridging technology that connects blockchain with physical assets, to aid in police, fire and ambulance services.

SmartKey will reportedly enable rescue teams to perform their jobs more efficiently by connecting a smart contract to Teltonika smart devices that are used by local rescue teams. This connection enables emergency crews to enter any building in the city without having to track down a keyholder or wait for permission.

Gustaw Marek Brzezin, the marshall of the Warmińsko-Mazurskie Voivodeship in which Olsztyn is located, issued the following statement:

“The need for our rescue services to perform their duties without obstruction is a delicate one. The use of blockchain and SmartKey technology seems to be like the perfect solution, giving reassurance to building owners and inhabitants, but also freedom for our emergency services.”

SmartKey believes blockchain technology can lay the groundwork for the development of smart cities. Although definitions vary, a smart city refers to any urban area that leverages emerging technologies and sensors to collect data, which can then be used to manage assets, resources and services more efficiently. As a paradigm, smart cities feed into other theories about sustainability and economic development.

The Internet of Things, or IoT, could have major implications for future smart cities. Connected devices are thought to represent one of the biggest growth opportunities of the next decade. The World Economic Forum, for example, has identified IoT as an important pillar of “urban transformation,” especially after COVID-19.

Several cryptocurrency projects operate in the IoT niche, the largest being Iota (MIOTA) with a market cap of $825 million. At least a dozen others have a market cap of $1 million or more.