Phunware Launches PhunCoin
Phunware, Inc. (NASDAQ: PHUN) has announced the launch of PhunCoin, a security token aimed at empowering consumers through data control and fair compensation. This innovative cryptocurrency leverages Phunware's global presence and mobile engagement expertise, with a customer data platform managing around one billion active devices monthly. CEO Alan Knitowski emphasized the need for transparency in data usage, noting that PhunCoin will facilitate consumer ownership of their data. PhunCoin’s compliance is ensured via Securitize, a blockchain-based SEC-registered transfer agent.
- Launch of PhunCoin as a security token to empower data control.
- Leveraging extensive consumer engagement expertise with over 15 billion Phunware IDs generated.
- Managed by PhunWallet, available on major app stores, enhancing accessibility.
- Partnership with Securitize ensures regulatory compliance.
- None.
AUSTIN, Texas, Aug. 27, 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 the launch of PhunCoin, a security token that seeks to empower consumers to take control of and be compensated fairly for their data.
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.
“Data is arguably the most valuable asset on the planet, but consumers continue to be exploited for this vital resource without consideration or permission by large data oligarchs,” said Alan S. Knitowski, President, CEO and Co-Founder of Phunware. “We launched PhunCoin to usher in a new era of transparency and accountability that enables consumers to determine not only what data they share and who they share it with, but also what that data is worth.”
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 to purchase pursuant to approved regulatory exemptions. To ensure the compliant tokenization of PhunCoin, Phunware has engaged Securitize, the first blockchain-based SEC-registered transfer agent. Those who already invested through previous exemptions such as Regulation D and Regulation CF will be notified shortly with specific instructions on how to consent to their PhunCoin issuance, set up a Securitize account, complete requisite screening requirements and receive their PhunCoin.
Click here to learn more about how PhunCoin is working to power a new data economy and empower consumers to finally own their data.
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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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