The company’s wholly owned subsidiary ICO Ranker tracks and reviews Initial Coin Offerings in the cryptocurrency space.
The website hit a downturn in 2018 as cryptos struggled, but an upcoming website redesign and some key cost-cutting measures has its CEO optimistic.
“As global marketing spend for ICOs dropped during the 2018 downturn, ICO Ranker’s publisher, Jeff Koyen, implemented cost-saving measures to reduce the Company’s burn rate,” CEO George Tsafalas said. “Jeff also made the decision to redesign the website and expand the business model to reflect a broader mission.”
The new website is expected to launch on June 1, although Codebase might not get the Bitcoin boom that many expected.
Bitcoin, which crossed $5,000 in early April and climbed as high as $8,263.79, has bled nearly about 10% Friday monring, falling to just above the $7,000 mark.
Codebase is a tech-focused investment firm based in Vancouver.
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