Streamr ends ICO after hitting hardcap on $30.5m

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fintech insurtech wealthtech regtech ai cybertech esg news

Blockchain-based data stream Streamr has ended its ICO after hitting its hard cap, pulling in around $30.5m.

There were 1369 participants in the token sale which was split between, 33 private pre-contributions, 120 public pre-contributions and 1216 sales during the crowd-sale. The public pre-sale was filled up within 25 minutes, while the ICO was then fully funded within 90 minutes.

Steamr’s ICO enforced a full manual KYC/AML check on all participants to help decrease the associated legal risks. This network combines data streams, smart contracts, visualisations and off-chain analytics to help a company deliver processes in real-time.

The platform uses a blockchain-based P2P network to secure valuable data for businesses, to help with real-time data delivery and payment.

Through the ICO around 195 million DATA tokens were available to purchase, with 1 ETH being worth around 4,365 DATA.

The capital for the round will be used to help the company with research and development for the Steamr platform and its technology.

There has been a big increase in funding to the blockchain sector this year, with Q3 seeing $404m deployed, compared to the same period last year picking up $53m.

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