Tuesday, July 23, 2024
spot_imgspot_img
HomeNewsAeternity Raises $24 million Over Phase Two of Token Sale

Aeternity Raises $24 million Over Phase Two of Token Sale

The Aeternity team has announced successful conclusion of its’ crowdsale phase two.

“Phase 2 now over at 23.4m CHF! Thank you all for making this campaign a huge success!”, the official Twitter of the project reads.

The raised amount equates nearly $24 million. According to preliminary data, the said amount was raised due to participation of 8,000 contributors.

aeternitygraphic

Aeternity is developed to tackle the issue of smart contracts scalability and interaction between real and digital worlds. The project’s solution is to place smart contracts in so-called “state channels” while enabling distributed oracles in the consensus mechanism of the blockchain.

According to the developers, who participated in fathering Ethereum and Augur, the project will create a completely new blockchain capable of processing unlimited number of transactions within Turing-complete smart contracts with no need of additional trust.

Back in April, 2017 the Liechtenstein-based startup managed to successfully complete the presale of tokens raising nearly $5.2 million overall. Notably, more than $2 million of them were raised over the first hours of the campaign.

The mainnet is expected to be launched in 2018 Q1.

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
- Advertisment -spot_imgspot_img

Most Popular

Latest News