Crypto-wallet Change closes ICO pulling in $17.5m

Mobile wallet Change has ended its ICO after pulling in $17.5m from over 5,600 contributions.

During the sale the public were able to purchase Change Tokens (CAG), with a total of approximately 79 million on sale during the period. These tokens are used on the platform to facilitate fund transfers between investment opportunities and financial services.

The platform, currently in beta, is a crypto wallet which allows a user to store and send digital currency. Alongside the application is the Change card, allowing consumers to spend their cryptocurrencies offline. The first batch of these cards were made available to the first 500 buyers in the ICO that contributed at least 50 ETH.

Change also offers an investment platform, giving users access to build a stock, real estate, finance loans or sign travel insurance portfolio.

The proceeds generated from this ICO will be used to help with the launch of the Change platform, which is scheduled for a December release. Currently the company is in discussions with a range of companies about the listing of the CAG token on exchanges. Change is also in the process of going through a rebrand, and will be announced soon.

Last week there were several ICO closes, with Polkadot closing a $139 sale as it loos to enable independent blockchains exchange information. Also during the last week, Streamr closed its distribution on its $30.5m hard cap.

Copyright ? 2017 FinTech Global

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