Press Release

Israeli Blockchain Project COFC Looks to raise $1.8 billion

Prominent Israeli blockchain company COFC Technologies Ltd. announces a likely COFC cash token distribution of $1.8 billion worth in the next five years.

The parent company of TEVEL had a pre-ICO and IEO beginning on the 20th of August to end on the 29th of September, 2019. Only pre-qualified and whitelisted investors will be allowed to participate in the COFC cash pre-sale.

COFC Cash is a stable coin equal to 0.000018BTC.

TEVEL will distribute 180 million COFC Cash for 1800 BTC – $18 million.

‘We expect that a Bitcoin will range in worth between $100,000 and $200,000 in the next 5 years. Since COFC Cash is a BTC stable coin, the remaining 820 million COFC Cash tokens will be sold at an estimated 14,760 BTC and could get to $1.8 billion and more. We invite you to participate in a project that could better this world for our children and grandchildren,’ said the CEO and founder of COFC Technologies and TEVEL, Daniel Danilovich.

Daniel Danilovich (left), CEO and Founder of COFC Technologies and Professor Asher Idan (right)

This year, professor Asher Idan joined the team as the strategic advisor while Herbert Sim joined as an advisor and investor.

‘It is a great honor to be part of the TEVEL team and project. The project shows promising use-case and real-life applications. It will revolutionize the industry, scaling across geographical boundaries,’ said Herbert R. Sim, the founder of Crypto Chain University. ‘Working with Daniel and the rest of the team, we can bridge the gap between blockchain technology and real life.

Herbert Sim (left) and Daniel Danilovich (right) CEO and Founder of COFC Technologies

TEVEL’s virtual world merges with the real world. It provides a
decentralized all based location service where public events occurring on the map can be recorded with blockchain technology.

With TEVEL, you will connect to everything around you. You can receive and send payments using COFC tokens, manage your wallet, meet new people and manage your profile, among other tasks.

Business-wise, brands and retailers will be able to give coupons, gifts and discounts to users, providing a marketing channel for their target audience.