Mobilprise Inc., the creators of LexRay, an operational management mobile platform, announced today its plan to launch an Initial Coin Offering (ICO) of its LexRay utility tokens, through LexRay Blockchain GmbH, a wholly-owned European subsidiary of LexRay domiciled in the Crypto Valley of Zug, Switzerland.
LexRay tokens are designed to be used on LexRay’s blockchain platform, which provides a decentralized and secure mobile operations solution that improves operational efficiencies, and helps manage mission-critical facilities, ground crews, and security systems from anywhere.
A copy of the whitepaper relating to LexRay tokens may be obtained by accessing LexRay’s website. LexRay is led by Jim Argiropoulos, President, who has over 38 years’ experience in the Public Safety and Emergency Management industry.
“LexRay’s core mission is to empower organizations to manage mission-critical operations anytime, anywhere, around the world on our mobile platform. It is an exciting time for Blockchain Technology and Cryptocurrency, and our ICO is a natural progression that will push LexRay to future success,” states Mr. Argiropoulos.
With the success of a blockchain Initiative, LexRay management has decided to prepare for an ICO in order to raise the necessary capital to further establish a decentralized marketplace, which provides B2B/B2C/B2G services and applications built on top of the mobile operations platform.
LexRay anticipates that the first service offered by the LexRay blockchain platform will be a decentralized video platform with embedded analytics built on top of a mobile platform. LexRay tokens will be required to use the LexRay blockchain platform and the corresponding mobile operations client, as well as to access the LexRay decentralized marketplace. The value of the LexRay token is dependent on the growth and adoption of the LexRay platform through the enterprise LexRay token stakeholders.
During the coming days prior to the ICO, LexRay plans to file enquires with FINMA and seek to obtain regulatory assessment on the treatment of LexRay Tokens. In preparation of the ICO, LexRay has engaged the Swiss law firm Froriep, one of the top Swiss ICO law firms.