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25 September 2020

First ICO mandating buyers to ‘use’ tokens is successful, collects $5M

First ICO mandating buyers to ‘use’ tokens is successful, collects $5M


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A new way of conducting token sales spearheaded by ConsenSys Codefi achieved its first success, with the planned sale of Skale Network tokens collecting just over $5 million.

As Cointelegraph reported in February, the Skale token sale was the first to be launched on the Activate platform developed by ConsenSys.

Its purpose is to bootstrap new projects with an involved community that would perform the functions required of it, for example staking their tokens to secure the network.

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cointelegraph.com
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