Aeternity Raises $24 million Over Phase Two of Token Sale

in #new5 years ago

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The Aeternity team has announced successful conclusion of its’ crowdsale phase two.

“Phase 2 now over at 23.4m CHF! Thank you all for making this campaign a huge success!”, the official Twitter of the project reads.

The raised amount equates nearly $24 million. According to preliminary data, the said amount was raised due to participation of 8,000 contributors.
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Aeternity is developed to tackle the issue of smart contracts scalability and interaction between real and digital worlds. The project’s solution is to place smart contracts in so-called “state channels” while enabling distributed oracles in the consensus mechanism of the blockchain.

According to the developers, who participated in fathering Ethereum and Augur, the project will create a completely new blockchain capable of processing unlimited number of transactions within Turing-complete smart contracts with no need of additional trust.

Back in April, 2017 the Liechtenstein-based startup managed to successfully complete the presale of tokens raising nearly $5.2 million overall. Notably, more than $2 million of them were raised over the first hours of the campaign.

The mainnet is expected to be launched in 2018 Q1.

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