Singaporean startup Rate received $15 million during the token sale of the Rate3 blockchain project.
The company's ICO took place from April 16 to May 22 and reached its main goal of collecting 25,000 ether. Matrix Partners China, Node Capital, FBG Capital, and Fenbushi Capital founder Bo Shen took part in the coin offering, which was available to both private investors and individuals.
Rate3 is a blockchain network that helps companies tokenize ownership of real-world objects.
The Rate3 platform is built on the Stellar and Ethereum protocols. Thanks to Stellar, the transaction time on the network is no more than five seconds. Ethereum allows you to create smart contracts with which client information is stored securely and reliably.
The Rate company, created in 2016, is the creator of a number of fintech products. The RateX app helps users save on international payments by taking advantage of low exchange rates. During pre-sales in March, RateX raised $2.3 million in investments.
According to techinasia.com
You May Also Like
Cryptocurrency is libertarian and artificial intelligence is communist
Peter Thiel and Reed Hoffman, the founder and co-CEO of PayPal, debated the relationship between technology and politics at Stanford University in early 2018. Decentralized and centralized technologies such as cryptocurrency and artificial intelligence were discussed, and how their underlying technical frameworks are implemented in different political regimes.
BubbleTone proposed high-speed blockchain as an alternative to expensive roaming
The Russian project BubbleTone proposes to replace international roaming with a global telecommunications system without intermediaries based on high-speed blockchain.
