Visa-backed crypto project to launch ‘fair’ token offering instead of ICO

Web3 entertainment platform Playbux will be raising $150,000 from the public via a token sale later this month. Rather than securing the funding through an initial coin offering, Playbux is giving pre-listing access to engaged users of the platform through a so-called fair community offering. This will be handled by crypto investing platform Raiser. 

The fair community offering (FCO) creates a ranking of a project’s users based on things like on-chain activity, referring other users, taking educational quizzes and following its X profile, Raiser co-founder Kori Leon said. Based on their ranking, users have a chance to invest in some amount of a project’s token before its listing on…

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