Blockchain company block.one has reportedly raised $185m through an ICO in only five days.
The ICO, which surpassed the previous fundraising record held by Bancor’s $150m, saw the company sell its EOS cryptocurrency, according to various reports in the media.
Hong Kong-based Block.one is an end-to-end solutions provider that helps put businesses onto the blockchain network.
The company claims to help with tasks including increasing liquidity and value of shares, auditable source of information, automate accounting and prevent back dating among others.
In order to allow as many people to take part in the ICO, Block.one sold its tokens in two phases. The first distribution sold 200 million tokens and then the second phase offers splits 700 million EOS coins across 350 consecutive 23-hour periods., the reports state.
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