11/09/19 05:00 UTC-4

Blockstack crypto-project conducted a "mini IPO" and raised $23 million

Blockstack crypto-project raised $23 million during the "first-class" offer of Reg A+ tokens. Prior to this, the startup received a "green light" from the SEC.


Blockstack holds Reg A+ ICOICO
(Initial Coin Offerings) is an acronym, which means a primary currency offer. Details
for $23 million

Blockstack on its blog announced the end of the tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details
sale during the Reg A+ ICO. The crypto-project managed to raise $23 million from 4500 different investors and companies.

According to Blockstack, the project is still in talks with several private investors and may receive an additional $5 million from them.

STX crypto start-up tokens can appear on crypto-exchanges as early as October of this year, Blockstack claims. Crypto-project is negotiating with "international tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
floors" about this.

Interesting in the section: Financial geography: Cryptocurrencies in Mexico

  • In July 2019, Blockstack received permission from the U.S. Securities and Exchange Commission (SEC) to conduct Reg A+ ICOs.
  • Reg A+ is one of the most upscale investment collection schemes in the United States. Sometimes it is even called a mini IPO (Initial Public Offer). Projects that have received the "go-ahead" from the SEC can raise up to $50 million throughout the year thanks to Reg A+. At the same time, non-accredited investors can participate in crowdfunding, and the startup itself can advertise the offer publicly. Reg A+ does not provide for a lock-up period – when investors are prohibited from selling tokens after an ICO for a certain time. So they can instantly take the opportunity to make money on the resale of the token.
  • Blockstack builds a decentralized network in which developers can create and host their own applications. According to a startup on its website, a blockchainBlockchain
    is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
    application can be developed in just an hour, using the project platform


Editor: Alex Riabukha

See also: "Atletico Madrid issues a token for fans"

#Blockstack #ICO #IPO #RegA+ #Cryptoinvestment #SEC



07/09/19 01:00 UTC-4

Atletico Madrid issues a token for fans

​Atletico Madrid, the Spanish football club, decided to release cryptocurrency for their fans. The Socios project will deal with the Technical side.

20/06/19 04:07 UTC-4

Durov vs. Zuckerberg: the race of new cryptocurrencies

​On June 20, a lot of information appeared about Libra, the cryptocurrency project of Mark Zuckerberg and Facebook. Moreover, let’s not forget that there is Pavel Durov’s TON crypto project at the beta testing stage. Interesting, but it seems that the competition between former social network developers continues…