The state of crypto regulations around the globe has been varying drastically. While some governments are welcoming the revolution, others have either implemented a ban or introduced stringent rules and norms. More volatile is the state of ICOs despite raising funds worth over $8.8 billion since 2016. In light of such instability, many ICOs have adopted a cautious approach in recent times.
One of them is GladAge, an ICO to provide an all-encompassing approach to solve the issues relating to a global demographic shift systematically. It envisions to power a complete, decentralized ecosystem on blockchain for the senior population that’s expected to cross the 2 billion mark by 2050. Given the acute shortage of senior care homes, it also plans to launch a series of fully-vetted GladAge homes. To secure investment for the same, GladAge launched its presale on 1st May 2018 after raising $2mn in its private sale. However, to allow room for streamlining of crypto regulations in different markets, GladAge has decided to put its pre-sale on hold and work on more important things like acquiring necessary partnerships in target markets. The company plans to restart its presale on a later date.
“We understand how crucial it is for governments and international regulators to streamline the entire cryptoverse including ICOs if people are to be protected against frauds and scams. We are appreciative and supportive of such efforts, and that’s why we have decided to shift our focus on non-crypto affairs for now,” shared Sunny Kapoor, CEO, GladAge. “We received requests from many participants in our ICO, particularly from Japan, India, and South Korea to relaunch our presale on a later date given the excessively volatile state of regulations in these regions. To allow a fair engagement with people from across the globe, we plan to establish long-lasting partnerships with government bodies, health care providers, facilitators and institutes for the time being,” added Kapoor.
Meanwhile, the project aims to close some high-impact deals with several stakeholders. They have pivoted their efforts to bring on board various partners from real estate, retail, and aged-care sector. With these partnerships in place, GladAge will be able to climb up the next steps of the regulation ladder more effectively. Existing partnerships of the blockchain powered senior care ecosystem include some renowned names like RMIT University, Blockchain Centre and few others from Russia.
GladAge is trying to bridge the gap between technology and senior care sector. Powered by Blockchain technology, the platform guarantees fully-vetted homes and personalized care exclusively for seniors. GladAge gives power to seniors – choose the type of care, shop for equipment and review caretakers or other services. It strives to replace conventional care systems and was honored as the Best ICO of the year in Cryptocon Conference 2018.
Company Name: GladAge
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