Polkadot plans to raise $60 million via Initial Coin Offering – Ibinex News

  • Polkadot plans to raise $60 million via Initial Coin Offering
    Polkadot (DOT), a startup in the field of cryptocurrency, is reportedly planning to raise around $60 million through the initial coin offering (ICO).
  • The startup is an initiative of ethereum (ETH) co-founder and according to the estimate of Wall Street Journal, the successful ICO of the company could potentially generate $1.2 billion – the amount which is equal to the value of all Polkadot tokens currently in the circulation and all the tokens that will come into system at a later point in time.
  • There are efforts already underway to enhance interoperability related to blockchain projects.
  • The interoperability mechanism works on “built-to-last” crypto Metronome (MET) which allows the users to convert their MET coins to Qtum, Rootstock, and Ethereum Classic blockchain from the Ethereum blockchain.

Read full article: news.ibinex.com

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