ICOs Are Not Dead! This Crypto Money Initiative Raises $ 10 Million Investment
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ICOs Are Not Dead! This Crypto Money Initiative Raises $ 10 Million Investment
About 509 investors from dozens of countries participated in the auction. Investors paid $ 1 per Celo Gold (cGold) token they bought. Many investors, according to a spokesman clabs Germany, England, Turkey, India, Malaysia and Vietnam participated. The average buyer bought $ 19,646.37 for Celo Gold – a theoretically sufficient amount to be affirmative in the network. In addition, investors earned 50 bonus tokens with references.
The sale, which ended on Tuesday, took about 12 hours to complete.
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cLabs cryptocurrency sales came with a $ 30 million venture capital fund from companies like Polychain Capital and Andreessen Horowitz . Polychain in particular is among the 77 institutions that currently run Celo validator nodes.
Celo's Mainnet RC1 voted on-chain to enable open validator elections which are now live. We're now among 77 validators all over the world signing blocks and securing the network.
Cheers to #Celo and their community on continuing this smooth, global rollout!!! pic.twitter.com/WOsEl28ErL
— polychainlabs (@polychainlabs) May 2, 2020