Phunware to launch Initial Exchange Offering for its Phun utility token

Phunware Inc (NASDAQ:PHUN) COO Randall Crowder tells Proactive the tech company is launching an Initial Exchange Offering for its own new currency called Phun tokens, and explains the difference between this and an Initial Coin Offering.

Crowder says the company hasn’t raised funds since going public last year, and the Phun token is an attractive way to generate non-dilutive cash to scale the business.
Phunware to launch Initial Exchange Offering for its Phun utility token