First Major Bitcoin Cash ICO Raises $30M in Record Time

[mihika]

On Oct. 8, 2018, the blockchain firm and mining pool Viabtc finished the first high-value initial coin offering (ICO) using the Wormhole protocol and Bitcoin Cash chain. According to exchange data, the Viabtc Token ICO raised US$3,700 per second capturing a total of $30 million in 2.2 hours.

The firm Viabtc had recently launched a new token called the Viabtc Token (VIAT) using the Wormhole protocol. The company refers to viat as a value-added service and privilege token that can be used as “gas” or a method of value transfer. When viat was issued on the Wormhole network a fixed supply of 2 billion tokens was set by the developers. On Monday Viabtc raised $30 million during the first major ICO issued on top of the Bitcoin Cash blockchain. Then on Oct. 9, Coinex users who trade the viat token will receive an airdrop from the firm’s stash of CET tokens.

https://news.bitcoin.com/first-major-bitcoin-cash-ico-raises-30m-in-record-time/

[tsaroz]

I was closely watching their ICO on coinex. I knew it would be a total success. The minimum investment at that time was over 400 USD and I was holding only CET in the exchange which again is a great value utility token of the Coinex exchange, a subsidiary of Viabtc itself. I'd still be interested to buy the token in smaller amount if it went below the ICO price.