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PR: Universa Expects to Raise Over $100 Million in the Upcoming ICO
By Bitcoin.com PR - Aug 17, 201707230
PR: Universa Expects to Raise Over $100 Million in the Upcoming ICO
CEO Alexander Borodich.
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This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

At the Crypto Bazar forum focusing on developing and regulating the crypto-currency market in Russia, the creator of the Universa platform Alexander Borodich, who is the former top manager of the largest Russian IT company Mail.ru Group and now the head of the Venture Club venture fund, announced the plan to attract over $100 million during the new ICO.

Universa is expected to make a rival to such financially successful projects as Tezos ($230 million) and EOS ($200 million). According to Borodich, the founding of Universa can be compared to the revolution in trade, after the advent of paper money, or the Internet, after the appearance of HTTP.

“The dependence of blockchain on mining process and its high expenses resembles the dependence of gold coins on the price of gold,” says Borodich. “Universa offers an easy and cheap way to produce smart contracts or smart banknotes – sort of a capsule with an emitter’s payment obligation.”