Danish cryptocurrency platform CCEDK, to relaunch as decentralized conglomerate soon, and OpenLedger have announced the crowdfunding campaign for a brand new initiative, Initial Coin Offering Openledger (ICOO), that started on May 20, 2016.

Spanning a period of 42 days, the ICOO crowdsale will allow individuals to buy ICOO tokens for a new Economic Enterprise Engine – Crowdfunding 3.0 initiative. It will enable companies and startups to create and organize crowdsale of their ICO on the OpenLedger platform.

“The long-term goals for OpenLedger and CCEDK is to be an incubator for tech start-ups, a hub for existing businesses to transition to blockchain-based infrastructure as well as a portal for investors to find these businesses”, said Ronny Boesing CEO of CCEDK.

The OpenLedger platform will offer a single point for ICOs where investors can buy ICO tokens of their choice, thereby saving a lot of time. The ICOO token holders get special privileges and discounts in addition to any possible future dividends from their ICOO token holdings.

The maximum number of ICOO tokens available for crowdsale is limited to 20,000,000. However, the final count of ICOO tokens will depend on the number of token’s bought by the investors during the ICO. After the ICO, only sold tokens will be available for use and leftover funds will be burned.

ICOO tokens could be bought with Bitcoin or any other currency supported on the CCEDK or OpenLedger platform. However, all the payments towards ICOO tokens, irrespective of the currency will be converted to Bitcoin to prevent loss of value. CCEDK and OpenLedger will use the funds raised to buy into new ICOs and enable investors to trade tokens representing upcoming ICOs even before they are launched.

The funds raised through the total ICOO crowdsale will be utilized the following way:

• 10% to OBITS asset to be used for buying back / burn on July 2nd
   
• 5% Implementation of future OPEN assets on OpenLedger initially introduced as a prelaunch ICO
   
• 5% to BTSR for Advertising (buying back BTSR to be used for advertising of DC) ICOO backed by advertising
   
• 5% to OBITS reserved for Blogging rewards (buying back OBITS reserved BloggersClub rewards) ICOO is backed by Bloggers’ Club
   
• 25% Governance/Reward token for DigixDAO (DGD) ICOO backed by gold DAO token
   
• 20% Reserve buffer to buy into ICO’s ICOO backed by any new crypto prelaunched on OpenLedger
   
• 30% to CCEDK Team for project work ICOO backed by value added development

So far, the OpenLedger platform has supported two prelaunch ICO campaigns in the form of LISK and DigixDAO-DGD. The DAOHub prelaunch ICO is the latest one currently being hosted on the platform – 1 million OPEN.DAO tokens were released for prelaunch and are currently available exclusively on OpenLedger.

In the coming days, ICOO will start searching for new ICO projects that can be supported by the platform. The newly identified ICO projects will be supported by CCEDK to put the crowdsale campaign in place on the OpenLedger platform as a part of the ICO package sold to the creators of the new platform.