Driving the Development of Malaysia’s IEO Financial Market, MASVERSE Initiates a New Wave of Customised Tokenomics Solutions

Kuala Lumpur, 8 August - Recognising the crucial role that tokenomics plays in the success of any project, MASVERSE Sdn Bhd, a reputable Malaysian tech startup and leader in the Web 3.0 revolution, is dedicated to helping businesses harness the transformative power of token economics, maximising the potential of its Initial Exchange Offering (IEO) projects.

Among these efforts is the signing of a Service Agreement with NI HSIN EV Tech Sdn Bhd, making MASVERSE their service provider for in-depth analysis and design of utility tokens, specifically tailored for use on the pitchIN platform for their upcoming IEO. This partnership sets a precedent for MASVERSE’s commitment to crafting unique solutions that precisely align with their client’s project goals and marks a significant milestone in Malaysia’s IEO financial market.

MASVERSE’s one-stop Web 3.0 ecosystem offers blockchain technology solutions that unlock unique experiences for Malaysian communities, empowering these communities to flourish through innovation. The company specialises in providing tailored blockchain solutions across various industries, leveraging blockchain technology and decentralised systems to create novel solutions.

Our expertise encompasses blockchain and Web 3.0 consulting, strategic formulation, design, and scalable solutions, including tokenomics consulting and development. With a deep understanding of the blockchain industry, market trends, and regulatory landscape, MASVERSE is well-equipped to guide businesses through the intricate world of tokenomics and blockchain technology.

On Monday, MASVERSE CEO, KK Chew, and NI HSIN EV Tech’s Managing Director, Khoo Chee Kong, signed the IEO Service Agreement at Blackbixion Cafe in Kuala Lumpur, marking a historically significant partnership. In this collaboration, MASVERSE will customise an innovative tokenomics solution for NH EV Tech on the respected pitchIN platform.

NI HSIN EV Tech Sdn Bhd is a wholly owned subsidiary of Asia’s premier stainless steel cookware manufacturer, listed NI HSIN Group Berhad. This strategic move aligns perfectly with NH EV Tech’s vision of advancing their EV two-wheeler business, fostering a sustainable green economy, and significantly reducing carbon emissions.

During the signing ceremony, Khoo Chee Kong mentioned that the company has received inspiring interest and feedback from engaging with various government departments, agencies, and corporate entities on the use of electric two-wheelers in security, surveillance, enforcement, and operational functions. “We need to expand our manufacturing and operational capacities. To finance this expansion, we plan to issue utility tokens hosted on the Securities Commission-registered and recognised pitchIN platform.”

KK Chew pointed out that the tokens issued by NH EV Tech are utility tokens, which means they have practical functionalities within a specific ecosystem, rather than investment-oriented securities. In the IEO market, utility tokens are expected to gain new premium space as investors recognise their actual use cases and potential value within specific projects or platforms.

He said, "Tokenomics will offer new financial means for product enthusiasts to benefit from participating in the project ecosystem, gaining profits or ownership rights. This innovative financial model will offer participants more possibilities, while supporting the project's success and growth. With the new role of tokenomics, the value of utility tokens will continue to be acknowledged and driven within the IEO market and ecosystem."

As pioneers in the Web 3.0 domain, MASVERSE is committed to driving innovation. With a dedicated team, we strive to empower various enterprises, including NH EV Tech, to harness the transformative power of tokenomics and optimise IEO projects, unlocking new opportunities for investors in Malaysia’s dynamic IEO financial market.

This collaboration underscores both companies’ commitment to embracing innovative solutions, leveraging advanced technologies to enhance business operations, and achieving substantial success in the market. By adopting MASVERSE’s pioneering IEO solution, we firmly believe it will provide NH EV Tech with immeasurable advantages. Simultaneously, together we are shaping a new era of tokenomics and sustainable transportation, ushering in green mobility and community-driven projects.