The Hive Project bags $1.5m in 100 hours for ICO

Cryptocurrency invoice financing platform The Hive Project has received $1.5m for its ICO in only 100 hours.

Around 900 participants took part in the round, with investors still able to contribute to the round. The company plans to sell 375 million tokens across the six-week sale period.

A remaining 125 million tokens will be used by the company for user growth and development.

The company plans to provide liquidity through its blockchain technology to aid small businesses, by offering them crypto-currency financing options. This will also create a central database of invoices, which can be used for scoring and auditing.

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