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Phunware Stock Gains on Initial Issue of PhunCoin -Breaking

by Mike Robinson

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© Reuters.

Sam Boughedda 

Investing — Phunware Inc (NASDAQ 🙂 announced to investors on Friday that it would begin issuing initial coins of the cryptocurrency PhunCoin, its mobile software.

Phunware stated that the crypto will only be made available on Securitize digital asset firm, which is a blockchain-enabled agent registered with SEC, and managed by PhunWallet.

Phunware shares climbed 8.78% to $3.84 Phunware’s shares rose 8.78% to $3.84, despite the fact that they are not at the peak of $24.04 reached in October due to being associated with ex-President Donald Trump’s planned social media platform.

Phunware will hold 72% reserve on the total supply of PhunCoin, or 100 billion PhunCoin. One PhunCoin currently has a value of $0.008. 

Alan Knitowski is the CEO of Phunware and co-founder. 

 

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