pitchIN Launches Its Maiden Token Crowdfunding (TCF) Deal In Malaysia By BidNow

pitchIN, Malaysia’s leading digital fundraising and investment hub, has launched its maiden deal for Token Crowdfunding (TCF), a RM10 million primary utility token offering by BidNow, an online auction platform.

Malaysia’s leading digital fundraising and investment hub, pitchIN, has announced its maiden deal for Token Crowdfunding (TCF). This marks the first primary utility token offering to be approved by the Securities Commission of Malaysia (SC) under the Token Crowdfunding Guidelines.

The TCF deal, to the tune of RM10 million, will see BidNow, an online auction platform, issue its native tokens, known as $BID, to the public. These tokens will serve as the primary medium of exchange for all services within the BidNow platform, including loyalty rewards, membership registration and the upcoming BidNow NFT Marketplace. Notably, it will also offer exclusive privileges for its token holders beyond token utility such as discounted fees and higher commission payouts.

Sam Shafie, the co-founder CEO of pitchIN, said, “It truly is a historic moment for pitchIN. We are honoured to be磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯磯

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