Did Factom have a ICO? Anyone know what was the ICO price or how much was raised?
We had a token sale. 50% were distributed in the token sale, 20% in a pre-token sale purchase, and 30% was spread across over 50 early contributors. No early contributor earned more than 3 percent of the total tokens distributed.
Funds collected in the token sale were managed by Konify. Three development milestones were identified, and the funds from the token sale are released as third parties evaluate the development as having reached these milestones. At this point in time, the first milestone has been complete, the deployment of the protocol. Only 1/3 of the raise has been released. A bit less than 500K total was raised in the token sale, which sold Factoids on a graduating scale starting at ~10 cents and ending at ~15 cents from April 2nd to May 15th.
In parallel with the launch of the protocol, we formed Factom Inc., a traditional US corporation. This company is building applications using Factom.
Paul Snow
Factom
