Curlew National Grassland ICO opens in US
A digital currency company has raised a record $5.7m in the first token sale of its kind in the United States.
Curlew, a new token offering aimed at the US grassland, will be the first to launch in the country in three years, as the company looks to expand its global footprint.
Its tokens, called curlews, are tokens that are redeemable for goods and services.
The token is traded on exchanges and has an exchange rate that is set by Curlews creator Curlewall.
The curlewl token will be issued to anyone who buys at least one Curlewalet in a local Curlewdoken sale.
Curlwall will issue 10 million of the tokens per month, representing an annual token price of $3.20.
The first Curlewl was launched on the Ethereum blockchain in June, which has since been accepted by more than 30 million people.
The first token of the new token sale will be a small amount, around 2,500 curlewm.
The second will be raised in the second quarter of 2019.
The third will be reserved for the future.
Curlw tokens are priced at 1,000 Curlewi.
A total of 50 million tokens will be offered to investors, according to the token’s website.
In its press release, Curlewn announced it had raised $2.2m in funding, which includes $2m from the hedge fund Global Tech Capital and the venture capital firm Draper Fisher Jurvetson.
The company said it is focused on increasing its user base and creating a network of businesses to facilitate its growth.
Curlyw will be offering products and services in fields such as marketing, advertising, and retail, according its press statement.
It said its token sale is the first of its type in the world.
The ICO is being conducted in a series of public auctions, including a $1.1m round of $2 million each from New York-based Blockchain Capital, and the $500,000 round of Curlewid token sales from two leading hedge funds, DFS Capital and Pimco.