Crown Thrown Inc has shared their vision to raise approximately $100 million in cryptocurrency initial-coin-offering (ICO) project called Crown League. The chief executive the company behind Crown League, Dan Nissanoff said, “All you can do is prognosticate who you can trade, who you can start, but you’re talking to millions of people who have their own teams.”
The Overstock.com subsidiary, tZero has managed to raise $134 million through the token offering. The company announced the closure of its token sale recently. It was aimed to raise $250 million. The company announced the closure of the sale and added that ‘the sum includes $30 million from the repayment of intercompany debt between tZero and Overstock.’
Rate, the company based in Singapore, has managed to raise $15 million through the token sale for the blockchain project called Rate3. The blockchain platform is built on Stellar and Ethereum blockchain protocols. The ICO was conducted between the April and May. The Matrix Partners China, Node Capital, and others participated in the ICO.
The Cure WorldCosplay has begun its crowd-sale focusing on the cosplay community. The Cosplay token is to be paid to the cosplayers for their work. The users could develop their own unique tokens. The CEO, Junichiro Kawai stated, “We want to implement a copyright record keeping system on Blockchain and allow revenues to be shared via smart contracts.”
Stock Exchange of Stuggart has revealed its plan to launch an ICO platform. The CEO of Börse Stuttgart, Alexander Hoptner shared that the company is currently in the middle of a discussion with the country’s financial regulators then explained its effort in working with cryptocurrency assets to promote the “digital transformation of financial markets and financial products.”
The ICO research firms in South Korea have gained its popularity due to the potential threat to the industry. These firms are identifying the strong ICO projects and the fraudulent ones to protect the potential investors. Thus, it is predicted that the token issuance will be at a slow pace as these ICO research firms will be working in protecting the investors from any threat.
A blockchain startup FHM recently launched its ICO and the tokens are named as SAFCoins. During the ICO, nearly 500,000 of SAFCOIN will be offered to the South Africans as an effort to help them reach to cryptos. It is aimed to increase awareness regarding the benefits of cryptocurrency could be increased with SAFCOIN.
A cryptocurrency exchange headquartered in Brazil, CriptoHub Exchange has announced the closing of its ICO on July 27th, at 12 midnight Sao Paulo time. CriptoHub expressed gratitude to the users through the official Twitter account, “We’ve had a successful capital raise so far, bringing in approximately $3 million in USD (approximately R$12 million) in a very tough ICO market.”
The University of Pennsylvania has revealed in a recent report that the centralized Initial-coin-offering (ICO) leads the way in 2017. The report was titled as the “Capitalism of coins” (Coin-Operated Capitalism)” and collected the data from 50 leading ICO’s in the year 2017. The report also revealed the percentage of the ICOs that made promises to the investors on returns was not met.
Satis Group revealed that 81% of the ICOs launched in the year 2017 turned out to be scams. The report stated that ICO scams that do not follow the roadmap were deemed by the community as a scam. Satis Group explained, “Emerging platforms have been able to differentiate themselves with higher levels of transaction throughput (transactions per second).”