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Arab investors made a deal with Tkeycoin

The first tranche of $4 million from the Arab investors will be done until the beginning of September this year

MOSCOW, July 18. /TASS/. The company Tkeycoin DAO 9 Jul officially signed an agreement with investors from the United Arab Emirates for $12 million Under the terms of the document, the first tranche of $4 million from the Arab investors will be done until the beginning of September this year. Agreement and signing of the agreement took place in Dubai.

Negotiations between Tkeycoin DAO and investors from the UAE began in early may this year. The details of the deal are not disclosed, but analysts already call the deal the cornerstone of the new development strategy. According to their estimates, entering the UAE market will help the project to strengthen its position in the future, which will lead to an increase in the price of TCD assets on international exchanges.

Tkeycoin DAO develops a platform for payment systems, banking and financial sector. Under the terms of cooperation, in the future, the country's banks can use the Tkeycoin solution to improve the efficiency of domestic and cross-border payments.

According to experts, the assets of TCD within 24 months can grow to $10-14. At the time of the public issue, 100 million TCD assets were issued at a price of $1. The Dubai chamber of Commerce believes that the volume of sales in the UAE information technology market will reach 22 billion dirhams in 2019.

Analysts believe that the tkeycoin DAO ICO in the format in which it ultimately takes place today should be regarded in a positive way. BitTelegraf INC in March of this year gave a positive assessment of the project.

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