The strategic private placement will support Contentos long-term growth

The strategic private placement will support Contentos long-term growth

Matrix Partners China, IDG and other shareholders of the startup Contentos have announced an obligation to preserve the acquired COS tokens until June 2020.

The strategic investors of an open blockchain platform specializing in the distribution and monetization of content, Contentos (COS) jointly announced their intention not to sell the acquired 317 million COS between June 2020 in order to support the further development of the content ecosystem that is being created on the platform. Among the investors of the platform are companies such as Matrix Partners China, IDG and Weiguang Venture Capital. In total, companies own 317 million COS tokens.

From the very beginning of the project in March 2018, its co-founder and CEO Mick Tsai insisted on the promising value of the COS product, despite the incredulous mood of the community. Combining efforts in the field of blockchain development and environmental expansion of the platform, the team is preparing to launch the main network as early as next month (approximately September 25), simultaneously signing strategic agreements with more than 20 leading blockchain projects, including TomoChain, NEM, Harmony and MixMarvel.

After registering COS at Binance, the team received congratulations from Cheetah Mobile, Ontology, LD Capital, Blockshine, Node Capital, and LiveMe. At the same time, the strategic investors of the Matrix Partners China project, IDG and Weiguang Venture Capital announced that they would not trade in purchased COS tokens in the next 12 months to support the team in its desire to take the content industry to a new level through the introduction of blockchain.

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Matrix Partners China, ranked among China’s well-known institutional investors, has successfully invested in Cheetah Mobile, Didi Chuxing, ele.me, Momo and other projects. IDG’s investment activity in the global blockchain market has affected promising projects such as Coinbase, Ripple, Circle, imToken and Klaytn, and its focus in the traditional Internet industry is focused on Tencent, Baidu, iQiyi and LiveMe. Weiguang Venture Capital has invested in successful startups such as KLOOK, Guazi and Missfresh.


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