PhunCoin by Phunware to Begin Trading
Phunware, Inc. (NASDAQ: PHUN) announced the initial issuance of PhunCoin (PHCN), a cryptocurrency set for trading exclusively on Securitize. The company reserves 72% of the total 100 billion PhunCoin supply, with a current valuation of $0.008 per coin. Investors from earlier exemptions will receive instructions to access their PhunCoin. Phunware aims to develop a decentralized data economy, allowing consumers to control and monetize their data. This move positions PhunCoin for mainstream adoption, leveraging Phunware's extensive mobile ecosystem.
- Commencement of PhunCoin initial issuances, expanding market presence.
- 72% of total supply reserved for future growth, indicating long-term commitment.
- Current valuation at $0.008 may attract early investment.
- Aims to establish a decentralized data economy, enhancing consumer data rights.
- None.
AUSTIN, Texas, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ: PHUN) (the “Company”), a fully-integrated enterprise cloud platform for mobile known as Multiscreen-as-a-Service (“MaaS”) that provides products, solutions, data and services for brands worldwide, announced it will begin processing initial issuances of PhunCoin (PHCN), which will be available for trading exclusively on Securitize, the first blockchain-enabled transfer agent registered with the United States Securities and Exchange Commission (SEC).
Anyone who already invested in PhunCoin through previous exemptions such as Regulation D and Regulation CF will receive specific instructions on how to consent to their PhunCoin issuance, set up a Securitize account, complete requisite screening requirements and receive their PhunCoin. Following these initial distributions, Phunware will still reserve approximately
“As we work to commercialize a truly decentralized data economy, we’re thrilled to begin building a market for one of the world’s first regulated cryptocurrencies designed for mainstream adoption,” said Alan S. Knitowski, President, CEO and Co-Founder of Phunware. “PhunCoin is an important first step towards ensuring consumers not only control their data, but also are compensated fairly when their data is purchased by brands.”
PhunCoin is an innovative cryptocurrency uniquely positioned for mainstream adoption because it is leveraging the global reach and distribution of a NASDAQ-listed company that specializes in consumer engagement and monetization. Founded in 2009, Phunware has developed mobile ecosystems for some of the world’s most recognizable brands. Phunware has also generated over 15 billion Phunware IDs tied to consumers all over the world and developed a customer data platform (“CDP”) that manages approximately one billion monthly active devices when operating at scale.
Managed by PhunWallet, which is available on Apple App Store and Google Play, PhunCoin works alongside PhunToken in support of a dual token economy that seeks to blockchain-enable Phunware’s CDP. While PhunToken is now available for purchase here, PhunCoin will only be available pursuant to approved regulatory exemptions.
Click here to learn more about how PhunCoin is working to power a new data economy and empower consumers to finally own their data. Contact PHCN-support@phunware.com with any questions.
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About Phunware, Inc.
Everything You Need to Succeed on Mobile — Transforming Digital Human Experience
Phunware, Inc. (NASDAQ: PHUN), is the pioneer of Multiscreen-as-a-Service (MaaS), an award-winning, fully integrated enterprise cloud platform for mobile that provides companies the products, solutions, data and services necessary to engage, manage and monetize their mobile application portfolios and audiences globally at scale. Phunware’s Software Development Kits (SDKs) include location-based services, mobile engagement, content management, messaging, advertising, loyalty (PhunCoin & PhunToken) and analytics, as well as a mobile application framework of pre-integrated iOS and Android software modules for building in-house or channel-based mobile application and vertical solutions. Phunware helps the world’s most respected brands create category-defining mobile experiences, with approximately one billion active devices touching its platform each month when operating at scale. For more information about how Phunware is transforming the way consumers and brands interact with mobile in the virtual and physical worlds, visit https://phunware.com, https://phunwallet.com, https://phuncoin.com, https://phuntoken.com, and follow @phunware, @phuncoin and @phuntoken on all social media platforms.
Phunware PR & Media Inquiries:
press@phunware.com
T: (512) 693-4199
Phunware Investor Relations:
Matt Glover and John Yi
Gateway Investor Relations
Email: PHUN@gatewayir.com
Phone: (949) 574-3860
FAQ
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