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Media: Polkadot re-enters ICO in an attempt to raise $ 60 million

Cryptostartap Polkadot plans to raise an additional $ 60 million through another primary coin offering (ICO). It is reported by the Wall Street Journal, referring to sources familiar with the situation. If ICO is successfully completed, the cost of all existing Polkadot tokens, including those that are not in circulation, will be $ 1.2 billion. The Polkadot protocol is designed to increase the compatibility of various blockchains, for example, Bitcoin […]

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Cryptostartap Polkadot plans to raise an additional $ 60 million through another primary coin offering (ICO). It is reported by the Wall Street Journal , referring to sources familiar with the situation.

If ICO successfully completes the value of all existing Polkadot tokens, including those that are not in circulation, it will be $ 1.2 billion.

The Polkadot protocol is designed to increase the compatibility of various blockchains, for example, Bitcoin and Ethereum, and is being developed by the teams of Parity Technologies and the Web3 Foundation. Holders of the internal DOT token participate in polls related to code changes that will automatically be applied to the entire network.

Recall, the official launch of Polkadot Network was held in October 2017. At the same time, a campaign was launched to sell project tokens, according to the results of which the project attracted $ 145 million .

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