UPDATE: Cryptocurrency wallet Eidoo finishes ICO on $29.7m

Eidoo, which has launched a new ‘blockchain asset experience’, has concluded its ICO with $29.7m. 

The startup, which claims to be a blockchain-to-human interface, has allocated 10.7 million EDO Tokens, raising 82,372 ETH, since launching its ICO on October 4th.

It will use the new funds to fund its “ambitious roadmap of product development,” according to its website. This includes the introduction of a wallet-linked debit card, as well as enabling allow platform users to participate in ICOs themselves.

Eidoo is looking to simplifying the interaction between the Bitcoin blockchain and its users.

It has launched the new ‘blockchain asset experience’ which will provide an ‘easy and secure’ way to buy, transfer, spend, and exchange cryptocurrencies without relying on any central authority.

The startup said it will initially be available to Ethereum and all ERC20 tokens but plans to add Bitcoin by Q1 2018, with a plan to add more cryptocurrencies in the future. Its wallet enables users to directly participate in ICOs from the app.

The Swiss-based startup recently took out a full-page ad in The Wall Street Journal to take a swipe at JP Morgan CEO Jamie Dimon.

Last month, Dimon called cryptocurrency a ‘fraud.’ Eidoo published an advertisement with the caption: “Maybe Jamie will fire you. But, you’ll be free to trade in the crypto-world.

Eidoo is not the only Switzerland-based cryptocurrency startup to raise money through an ICO this year.

Cryptographic token creator Bancor Protocol raised around $153m for its ICO, in less than three hours. The offering saw 10,885 participants contribute a total of 396,720 Ethereum coins.

Blockhain & Cryptocurrencies investments reached record levels in Q2 2017 according to data by FinTech Global.

Investments in the second quarter of the year rocketed with $241m more capital committed than the funding levels seen in the previous quarter. In addition to the $107m deal to R3 CEV, there were two other deals valued over $40m in Q2 2017. Blockchain servers producer Canaan Creative raised $43.6m in series A funding. This was followed by a $40m deal to London-based bitcoin platform Blockchain.

Copyright © 2017 FinTech Global



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