14:39 (GMT +7) - Saturday 25/11/2017

Business

Learning academy TEKY conducting ICO

Released at: 17:18, 14/11/2017

Learning academy TEKY conducting ICO

Photo: Internet Archives

Initial coin offering (ICO) being held from November 11 to January 14.

by Quynh Nguyen

The first STEAM (Science, Technology, Engineering, Art and Mathematics) initial coin offering (ICO) in the world is being conducted by Vietnamese learning academy TEKY from November 11 to January 14.

Two hundred and eighty million TEKY coins are up for sale, with a target of raising as much as $25 million, a senior executive at the company confirmed with DEALSTREETASIA and also emphasized that buyers from Southeast Asia, China, Russia, Japan, South Korea, and India are on the radar.

The sale consists of two sessions, with a pre-sale open until December 10. Up to 40 per cent in bonuses will be offered to buyers in this session, while 25 per cent in bonuses will be offered to buyers in the ICO public sale from December 15 to January 14.

TEKY Coin owners can use the digital currency to purchase smart toys and technology devices at TEKY’s e-retail shop, MEK.store, which is expected to be launched in March next year, or apply for a STEAM course at a TEKY Academy in Southeast Asia.

After the ICO, TEKY will be listed on the Token Exchange to serve the needs of international technology exchange.

The first two TEKY facilities were established in Hanoi and Ho Chi Minh City in 2016 with investment from Vietnam’s Electronics Technology NextTech, also an e-commerce ecosystem developer.

The market for IT training is estimated at some $500 million in Vietnam, with approximately 21 million K-12 students, about 40 per cent of whom are from the two cities.

Many people anticipate virtual currencies will flourish in Vietnam. As one of the world’s fastest-growing economies, many of its citizens now have access to smartphones but have never utilized traditional banking services.

Vietnam is examining an increase in investment and businesses transactions with digital money, the scale of which is undoubtedly escalating. 

User comment (0)

Send comment