Phunware Shares Rise 10% After Initial Issuing of PhunCoin Cryptocurrency

By Chris Wack

Phunware Inc. shares rose 10% to $3.89 after the corporate mentioned it’s going to start processing preliminary issuances of PhunCoin.

The corporate mentioned PhunCoin shall be out there for buying and selling completely on Securitize, a blockchain-enabled switch agent registered with the U.S. Securities and Trade Fee.

Following preliminary distributions, Phunware will reserve 72% of the utmost out there provide, which is 100 billion PhunCoin. One PhunCoin is at the moment valued at 0.8 cents.

PhunCoin is managed by PhunWallet, which is accessible on Apple App Retailer and Google Play.

Write to Chris Wack at

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