Phunware, an Austin-based mobile software company, on Tuesday began advance sales of a planned digital coin, saying that it wants to serve as a "beacon" for proper roll-out of a cryptocurrency at a time when the emerging sector has been rife with fraud allegations and regulatory investigations.
The company is aiming to raise $100 million initially through sales of its digital token, called PhunCoin.
"We want to create the first fully compliant, gold-plated cryptocurrency that everyone else can point to," said Randall Crowder, Phunware's chief operating officer. "We welcome regulation (and)...
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