ICOs Are Not Dead! This Crypto Money Initiative Raises $ 10 Million Investment
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.
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
— Polychain Labs (@polychainlabs) May 2, 2020
