Beyond remittances and instant messaging, SovereignWallet says it will enable ICOs for fledgling startups to be implemented properly. In time, the platform will also offer a decentralized exchange.
The company is holding a token sale, which is designed to fund the completion of its app. The second phase, which will see MUI tokens offered to the public, begins at 10 a.m. Korea time on Sept. 5 and concludes just before midnight on Sept. 30. A total of 50 million MUI tokens are being sold, with an exchange rate of 1 ETH to 5,000 MUI.
Seokgu Yun is the founder and CTO of SovereignWallet, while his co-founder Frances Kim serves as COO.
The company was established in 2015, and the team hopes it will be able to reach out to the hundreds of millions of people who have a smartphone but no access to basic financial services — creating new opportunities and fueling economic growth.
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