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MUSK Token completes private placement of 300 million units in seven days and goes online at Bigone platform on Jan. 19
[January 21, 2018]

MUSK Token completes private placement of 300 million units in seven days and goes online at Bigone platform on Jan. 19

HANGZHOU, China, Jan. 22, 2018 /PRNewswire/ -- The Early Bird program for redemption of the MUSK token, the unit of currency for the entire MUSK ecosystem, completed its target on January 6, 2018, with 300 million units redeemed in seven days. MUSK Token went online on the Bigone platform on Jan. 19, with 10 million candies handed out.

MUSK Token is the currency backed by MUSK Alliance, which came into being as a result of efforts embodied in these four terms: media, unity, selfless and kudos. MUSK Alliance is a blockchain-based global media digital assets trading platform, copyright traceability system and de-centralized intelligent advertising distribution system.

Based on a system that allows bloggers and others who work independently in media to easily copyright their work, MUSK can rapidly distribute high-qualit media content via a blockchain. By uniting loyal followers of blogs and independent journalists, funds are raised via the trading platform and invested in the management and promotion of blogs and other independently-generated content to further the rapid development of a thriving, independent media sector and assist users and investors monetize the output by leveraging the platform.

MUSK Alliance receives investment from leading investors

Participation in MUSK's product release conference by internet leaders including Tang Ling, founder and CEO of both Ziggurat and InkChain, Lao Mao, CEO of ICOINFO and co-founder of INBlockChain, and Huang Butian, founder of Yunphant Blockchain, in August 2017, is a testament to their faith in MUSK.

Influential investors, among them, Li Xiaolai, Xue Manzi, Mai Tao, Feng Tao and Jin Peng, have also invested in MUSK, in addition to acting as project consultants. 

MUSK released its plan for expansion across the Asia-Pacific region in July 2017. MUSK's blockchain asset trading platform has established partnerships with Hong Kong-based Goldford, Chinese communities in Indonesia and the government of Venezuela. The platform plans to establish a footprint in the blockchain market of the countries that comprise the Asian landmass, the Asia-Pacific Rim and South America followed by expansion into more regions.

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