polynesia (OP)
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April 28, 2017, 12:49:07 AM |
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Blockchain startup Gnosis to freeze tokens after strong salehttp://timesofindia.indiatimes.com/business/international-business/blockchain-startup-gnosis-to-freeze-tokens-after-strong-sale/articleshow/58369977.cms
After an initial digital currency sale that raised $12.5 million in just 12 minutes, blockchain startup Gnosis has decided to leave most of its remaining currency untouched for at least a year, co-founder Martin Koppelmann told Reuters on Tuesday.
Gnosis, a Gibraltar-registered company, sold 5 percent of its 10 million so-called GNO tokens to investors on Monday for $30 each, making it the most expensive digital currency ever offered in an initial sale, Koppelmann said.
Despite the steep price, the offering was oversubscribed, with the company turning away $3 million in additional bids, Koppelmann said.
"It wasn't ethically responsible to accept those additional bids because we had already reached our capital target," the Gnosis founder said.
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