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

CoinLinked, the social network platform launched by Wall St. veteran Jenny Q Ta, hopes to raise $5 million in a regulated security token offering.

Blockchain-based social network and commerce platform CoinLinked plans to raise $5 million in a regulated security token offering.

The California tech company will allow accredited U.S. investors and qualified non-U.S. investors 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, Ether, 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.

"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.

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."