Status Completes Token Offering, Raises Roughly $90 Million Dollar

in #ethereum • 7 years ago

https://www.ethnews.com/status-completes-token-offering-raises-roughly-90-million-dollars

Status raised a great sum of money during its token offering, which bogged down the Ethereum network with investor transactions.
By Jeremy Nation
June 22, 2017 ETHNews.com

Carl Bennetts, co-founder of Status told ETHNews, “Via our allocation partners we have an additional 4,500 addresses, and many wrongly assumed this was a single 'whale' somehow gaming the system.” A pooled transaction from imToken has been greenlighted by Status in an effort to reduce the Ethereum network’s burden.

In my opinion, ETH has a one year grace period to streamline for major D-apps...30,000 nodes is huge advantage and indication of what the etherueum network could be. Next up, Metropolis development...then mainstream full deployment (between 2-3 years?) This is still a buy $300/-400.

#status
7 years ago in #ethereum by
$2.16
  • Past Payouts $2.16, 0.00 TRX
  • - Author $1.67, 0.00 TRX
  • - Curators $0.49, 0.00 TRX
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     7 years ago (edited)

    Wow that is a lot of money. I see they excluded the U.S. "Status excluded investors located in the U.S. from participating, identifying them via IP address." Source

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