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Another Record Initial Coin Offering

Posted on the 03 July 2017 by Worldwide @thedomains

Duncan Riley of Silicon Angle wrote about another record breaking ICO or initial coin offering. Instead of going the VC route, some startups are raising funds through ICO’s.

Someone was talking to me about the month of June as it related to domaining. They felt it was a down month. I replied that in June I spoke to more people who I have only known as domain investors, that wanted to talk more about cryptocurrencies. I think the important thing is to understand they are different animals, no matter how hard some want to make them brothers from another Mother.

I like crypto and think it’s an important topic be up on, we will be adding a writer shortly just focusing on crypto.

From the Silicon Angle article:

Block.One, developer of the new blockchain platform EOS.IO, announced Saturday that it has raised $185 million through an initial offering of its cryptocurrency “tokens,” beating the previous record of $150 million raised by Bancor in mid-June.

Based in Hong Kong, Block.One’s EOS.IO aims to “decentralize everything” with a platform that can support thousands of commercial-scale decentralized apps and parallel execution along with asynchronous communication. “ intends for the EOS.IO software to support distributed applications that have the same look and feel as existing web-based applications, but with all of the benefits of the blockchain – namely transparency, security, process integrity, speed and lower transaction costs,” the company said in a press release.

The platform is unashamedly aiming at high-volume enterprise users, with a promise that it can support hundreds of thousands of transactions a second without charging users any fee, more than the 24,000 transactions that Visa handles every second, according to Tech In Asia.

Read the full article here

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