New Startup From Ethereum Co-Founder Gavin Wood Plans $60 Million ICO: WSJ
Crypto startup Polkadot (DOT),created by Ethereum (ETH) co-founder Gavin Wood,is planning an initial coin offering (ICO) aiming to raise up to $60 million, the Wall Street Journal (WSJ) reported Jan 24.
Citing sources familiar with the matter,the WSJ reports that,if successful,Polkadot’s token sale would bring the fully-diluted market value —or the value all tokens in circulation,plus as those not issued —of its tokens to $1.2 billion.
Developed by Swiss Web3 Foundation and Parity Technologies,Polkadot reportedly aims to solve issues with blockchain interoperability. Namely,the tech is designed to increase the compatibility between different blockchains, such as Bitcoin’s (BTC),and networks of other decentralized crypto platforms.
I think Polkadot will bring something new and different.Its ICO will start in 3rd quarter of 2019.
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