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
Revolut will release a metal debit card with cashback in cryptocurrency
Alternative digital banking company Revolut, which offers trading and investment support and fast currency exchange services, has a surprise in store for its users. The company already has standard and premium cards that support five types of cryptocurrencies and a number of fiat currencies, and now the company is ready to introduce to the market a new metal card, Revolut Metal, for which users will receive cashback for every cryptocurrency payment.
Virtual Crypto Technologies has released the NetoBit Cash tablet
Israeli company Virtual Crypto Technologies Ltd. launched the NetoBit Cash tablet, which allows you to buy, sell and convert Bitcoin and other cryptocurrencies at points of sale, e-commerce sites and online stores.
