BidNow celebrates token listing on Hata Global and Coinstore

• Achievement highlights M’sia’s unique utility token regulations
• pitchIN’s second token crowdfunding deal, Frac, now open for investment

pitchIN, Malaysia’s digital fundraising and investment hub, announced that its first successful token crowdfunding (TCF) campaign, BidNow, has successfully listed its token, $BID, on Hata Global and Coinstore. This marks a major milestone for pitchIN, BidNow, and Malaysia’s growing Web3 ecosystem as the first digital token approved under the IEO framework to be listed on an exchange.

According to pitchIN, this achievement underscores the uniqueness of Malaysia’s regulatory framework, which is among the few globally that regulates fundraising activities using utility tokens. This creates an opportunity for companies to launch tokens in a regulatory-compliant manner. As a regulated platform, pitchIN provides a secure space for established Malaysian companies to explore Web3 and enables homegrown Web3 startups to raise seed and growth capital from the public in a regulatory-compliant manner.

“The listing of $BID marks a significant milestone for regulated token crowdfunding in Malaysia. BidNow has demonstrated an end-to-end pathway for credible companies looking to venture into Web3 – from token conceptualisation to crowdfunding and listing,” said Nicholas Chong, vice president of commercial and product. “We look forward to continuing to partner with companies and startups to launch regulatory-compliant digital tokens in Malaysia,” he added.

Token crowdfunding offers investors a unique opportunity to back innovative brands while enjoying both financial returns and tangible benefits. For example, $BID is BidNow’s native token, designed to deliver value to its holders in several ways:

• Utility: Token holders receive benefits and rewards, including bidding priority, service discounts, and a loyalty reward system.
• Security and transparency: Blockchain technology ensures transparent transactions and distribution of $BID.
• Return on investment (ROI): Potential ROI comes from capital gains when $BID is sold on an exchange and from community rewards like airdrops. Investors also benefit from quicker exit opportunities and participation in a vibrant Web3 community.

$BID tokens are currently tradeable, allowing investors to capitalise on potential gains and additional rewards while contributing to BidNow’s expanding ecosystem.

pitchIN’s second token crowdfunding deal, Frac, is now pre-live and open for investment. Frac enables companies to offer digital ownership of unique assets, transforming rare items like diamonds or brand IP into fractionalised investments, creating exciting opportunities for both investors and customers.

To start investing in vetted Web3 deals and technologies, visit pitchIN at www.pitchin.my/token