With a string of initial coin offerings (ICOs) taking place, Cryptovation Co has joined hands with Asia Wealth Group to launch CryptovationX ICO (CXO). The pair aim to commence trading on an overseas blockchain exchange in June.
Mr Pondet says those interested in the ICO can use three investment advisory robots.
Pondet Ananchai, founder and chief executive of Cryptovation, said CXO tokens will be used to raise 47,500 ethereums (US$44 million) in funds.
The total supply of CXO tokens will be 900 million, with each costing 30,000 baht.
Mr Pondet said CXO is classified as a utility token and will be traded on an overseas blockchain exchange.
There are many returns that can be derived from ICOs. These returns can come in the form of a utility such as a coupon used to buy products or services, the right to own a specific asset or the right to receive revenue or profit-sharing without engaging in day-to-day operations, said the Securities and Exchange Commission.
The pre-sales period is scheduled for March 29 to April 12, while the first trading day is targeted for June 3.
A white paper will be issued next month and CXO tokens are forecast to be sold mainly to high net worth investors, with a number of retail players expected to invest, said Mr Pondet.
Cryptovation, a company registered in Thailand, Hong Kong, and Singapore, has collaborated with Asia Wealth Group and AVA Advisory to develop a platform supporting CXO investment.
He said those interested in the company's ICO can use three investment CryptovationX advisory robots.
One of the three, Arbi, is a software robot used for arbitrage trading.
Arbi offers advice on how to profit on differences between the cryptocurrency markets by comparing digital token prices.
Suitable for conservative investors, Arbi conducts a search of each market and sends a notice to investors, informing them of proper times to trade, said Mr Pondet.
Normally, arbitrage trading can generate a profit of 20%, he said.
Specto is the second advisory robot advising speculative trading, which is suitable for medium-risk investors.
This robot can analyse digital pricing on the blockchain system. Mr Pondet said this robot can generate a profit of 50-100%.
The third robot, Broca, is being promoted to investors wanting to diversify their assets.
Broca helps investors screen prices for virtual currencies on 10 major cryptocurrency exchanges, recommending which cryptocurrency they should invest in, he said.
Broca also helps investors with cryptocurrency mining.
Mr Pondet said Arbi will be the first advisory robot providing services and is expected to go live in the third quarter, while the other advisory robots will be launched later.