Do not invest more money than you can afford to lose.
Antshares, a blockchain-based network protocol, closed on Wednesday an initial crowd offering (ICO) with BTC 6,120.08, or more than $3.7 million, raised. A total of 1,493 investors took part in the ICO from its launch on 8 August until its closure on 7 September.
The company was aiming at issuing 20 million Antshares, equal to 20% of its total stocks, as well as additional up to 4 million Antshares, or 4% of the total stocks, as an early bird reward. The ICO does not have a pre-set price or target amount and the price is determined by the market.
The ICO accepted Bitcoins only and Antshares, as part of a tri-way agreement with cryptocurrency exchanges – HaoBTC and Digital Assets Coalition Asia, holds one of the three keys to the multi-signature ICO wallet.
As the company has previously announced, it will use the raised proceeds to finance the development and marketing of a peer-to-peer digital assets platform. It will enable users to register, deposit, transfer, trade and make settlement of digital assets. The company refers to its platform as bridging the gap between a cryptocurrency driven financial system and real world assets.
The platform is applicable to the operations of equity crowdfunders and peer-to-peer (P2P) lenders, digital asset exchanges, and supply-chain financial service providers, among others.
Antshares is based in China. It represents an open-source blockchain-based decentralized and distributed network protocol. It uses delegated Byzantine Fault Tolerance (dBFT) Consensus Algorithm to secure its blockchain technology. Antshares is currently in Beta testing.
