Zonafide Opens Per-Sale for Token Generation Event

Zonafide, the Digital Wallet leveraging blockchain and collaboration technology to ensure Activities are secure from fraud and cybercrime, has today opened its pre-sale for its upcoming token generation event.

Zonafide is looking to raise additional funds to continue the development of the business, take the first use case to market and work with the private and public sector to roll out to other use cases.

Activities refer to important transactions, such as a house purchase payment or changing credit limits with a bank. The Zonafide Wallet makes these Activities more secure by empowering people to verify themselves using their social and professional network and the security features of the blockchain.

The business has successfully developed a route to market and has a first use case with Local Government Register Services for life events, such as births, deaths and marriages. It is one of the first non-finance Apps built on Ethereum already available on Android & Apple iOS (testflight).

Zonafide will be issuing digital tokens, known as Together Tokens (TOG), which can subsequently be exchanged with others for services and rewards in an ecosystem of Zonafide users.

Specifically, with a total possible raise of $25 million, the use of proceeds will be as follows: 65% product and business development; 12% administration; 8% marketing; 8% contractors and 7% contingency. Tokens are ERC20 standard and can also be exchanged for other assets in the open crypto markets.

Commenting on the pre-sale opening, Paul Worrall, Founder of Zonafide said: “With a credible business model and innovative use case, Zonafide is well-positioned for growth. The proceeds from the token generation event will allow us to support our continued development, in particular the roll-out of our Register Services use case.”

As part of the pre-sale opening, Zonafide has launched a new website with all key information about the business and the token generation event, including a white paper. It can be found here: www.zonafide.net .

“Ultimately, by leveraging blockchain technology, we believe Zonafide can play a significant role in mitigating the growing threats of cybercrime and fraud. Moreover, whilst the token generation event is a significant landmark in our development, the market opportunity and the potential applications of our product mean we have a big future ahead of us,” Worrall added.