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New Start of Ethereum Co-founder Gavin Wood Planning $ 60 Million ICO: WSJ



on startup Polkadot cryptocurrencies (DOT), created by Ethhereum Co-founder (ETH), Gavin Wood, plans an initial offer for coins (ICO) to raise up to $ 60 million, the Wall Street Journal (WSJ) said. January 24

Referring to sources familiar with the matter, the WSJ reports that if it succeeds, the sale of tokens of Polkadot will result in a full dilution of the market value or value of all outstanding symbols as well as those that are not issued – tokens to 1.2 billion dollars.

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Developed by the Swiss Web3 and Parity Technologies Foundation, Polkadot aims to solve the interoperability issues of blockchainIt is precisely the technology designed to increase compatibility between different block circuits, such as Bitcoin (BTC) and networks of other decentralized cryptoplate formats.

Web3 Foundation Director Ryan Tzourer, also a partner of Polychain Capital, said Polkadot's technology will be released in the third quarter of 2019.

Do not stop reading: ERC20-Bitcoin atomic exchange crossover developer test report one way in LN

Previously, Polkadot has collected about $ 144 million for its first sale tokens in October 2017, with key investors such as Boost VC, Pantera Capital and Polychain Capital, according to the WSJ.

In December, Cointelegraph reported that the R & D Laboratory in startup of TenX cryptocells has tested the use of its inter-block transfer protocol interoperability protocol tokens ERC20 from Bitcoin using the Lightning Network.

Earlier this week, it was reported that the Institute for Development and Research in Banking Technology of India published a plan for the implementation of blockchain in the banking system, focusing on the aspect of connecting key players in industry and banks by building a platform blockchain Mutually.

More news on this topic: India: Banking Research Institute publishes project to introduce "blockchain"


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