After successfully raising $5 million, the Bidooh has announced the launch of its ICO for the issuance of DOOH token. The co-founder and CEO of the company, Abdul Alim stated, “We have been delighted by the interest in Bidooh since the launch of our token pre-sale.” The tokens of the company have got support from various digital exchanges.
A Cyprus-based multi-asset broker, IronFX has successfully raised $22.3 million in a recent private sale as announced in its Telegram group. A Cryptocurrency exchange is being established in partnership with a company behind the Cardano, EmurgoHK Group. According to the report, the cryptocurrency exchange of IronX is expected to be launched by December 2018.
The blockchain company, ChromaWay has managed to raise $15 million through the private sale of Chroma tokens. The company is to use the capital money for building Chromapolis, a database-centric decentralized application oriented platform. The Chromapolis would be developed on Postchain which is a combination of SQL database and security conferring private blockchain.
The Rigoblock, a blockchain protocol for decentralized asset management, has declared the commencement of the public token sake for its GRG token. The sale would be processed by Rigo Investment Limited in compliance with the standards of Know Your Customer (KYC) and the Anti-Money Laundering (AML) processes. Reportedly, 1,500,000 tokens are to be distributed during the sale.
The Caspian has ended its public round of token sale with the accumulation of $19.5 million in funds through the private-public sale. The participants of the token sale were from the UK, Canada, Singapore, Hong Kong, South Korea, Italy, and Switzerland. Presale investments were received from Blockstars, Global Advisors, OSL, and Galaxy Digital.
Swissquote has declared itself to be the first bank to provide purchase and custodial services concerning ICOs through its platform. The CEO of the company marked, “Combining crowdfunding with the blockchain creates a new form of fundraising.” The services would be functioning through the tokens held in the user account, while the bank holds it in a separate wallet.
Civil affirmed to refund the users who participated in the token sale since it did not meet the pre-set minimal requirement. Sale of its CVL tokens ended on 15th October and did not generate $8 million in funds. The company declared that the participants would be able to request for immediate refund or get the automatic refund on October 29th.
A joint report by the Yahoo Finance and Decrypt Media expressed over the U.S. Securities and Exchange Commission’s reaction over ICOs, risking hundreds of such projects. The report highlighted that the authority imposed restrictions over the companies whose token sales infringed the securities laws and that the companies ‘quietly agreed’ to meet its orders.
The Libereum crypto company has raised $4 million in a private funding round and is about to announce its initial coin offering soon. The company intends to invest the funds raised through the ICO to purchase football clubs. Reportedly, the Libereum tokens would be adopted as the purchase consideration for tickets, food, and beverages in the stadium.
The blockchain association in Korea has expressed that the government could permit the entities to issue ICOs which would boost the economy and also help generate new jobs. The chairman of the Korean Blockchain Association, Chin Dae-je, has exposed a set of guidelines on the blockchain and added, “Startups who comply with guidelines should be allowed to launch ICOs.”