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Tezos Breaks Record of $232 million – The ICO hype continues

Published 1 year ago by Sam Quinn

Tezos continues raising $232 million worth of bitcoin and ether as offered for the token funding by the community to have their own part in the technology which is described by the team as:Tezos’ innovative approach to the governance of its blockchain platform is based on creating governance rules for stakeholders to approve of protocol upgrades that are then automatically deployed on the network. On the other side – Bancor, a blockchain platform that makes it possible for anyone to create their own cryptocurrency token and operate it independently of a third-party exchange, as it raised more than $150 million with its offering happening last month. Bancor record was broken by Tezos as it continues to grow together with the craze by the community for the Token “business” they are engaging in. An ICO – Initial Coin Offering – is a funding procedure for startups (or even already made companies), in which case tokens present a partial ownership of the ICO project, with rights and returns defined by the project’s specific rules and enforced by its smart contracts. Based on what the representatives from Deloitte think, EY, KPMG and PwC (the global Big Four accounting firms):“both existing and prospective clients are beginning to ask questions about initial coin offerings (ICOs), the process by which public blockchain technologies can be leveraged to create custom cryptocurrencies that are subsequently sold to fund projects.” Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full
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