Retail digital token distributor Gatcoin has closed its ICO on its $14.5m hard cap, finishing?ahead of its planned end date.
The company, which also closed its pre-sale ahead of schedule, hopes to use these proceeds to develop its platform. Gatcoin plans to launch its token on exchanges in the future, with the coins set to be tradable on COSS.IO in the coming days.
To take part in the token sale consumers traded Ethereum.
Gatcoin transforms discount coupons, loyalty points and shopping vouchers into digital tokens, which can be used to buy products, get discounts and claim rewards. The platform is open to any retailer, with the technology able to launch digital tokens targeted to audiences by various different demographics and interests.
Tokens, which can be traded on Gatcoin token exchange, can be deposited into the consumer wallet, but user can set up blacklists to prevent spam.
Gatcoin currently has a prototype of its app available for users to test on iOS and Android.
There have been a range of ICOs already to close this year, with last week seeing Jibrel Network pick up $30m in its token sale. The company provides currencies, equities, commodities and financial assets as ERC-20 tokens on the Ethereum blockchain.
Other recent token sales include mobile banking solution Telecoin, which hit its $25m hard cap, and blockchain assets trading solution Trade.io, which netted $31m during the sale.
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