Ethereum Start-Up Aragon Raises $25 Million In Record ICO

Ethereum Start-Up Aragon Raises $25 Million In Record ICO

Ethereum-based enterprise management platform Aragon has announced the results of its ICO token sale, in which they rose $25 million in 15 minutes.

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Ethereum-based enterprise management platform Aragon has announced the results of its ICO token sale, in which they rose $25 million in 15 minutes.

The token sale lasted under 15 minutes, in which it rose the record sum from 2,403 participating buyers. It was originally set to continue until June 14, 2017.

Aragon is a decentralized management platform that offers basic company management features like governance, payroll, accounting and others.

“We now have the resources to hire the best talent and execute one of the most ambitious projects, one which has the potential to create a more equal and fair society.”, as co-founder and project lead Luis Cuende commented.

Aragon has reportedly placed cryptographically sealed hardcoded hidden cap that was only open to the public during the sale. As Cuende said, they wanter do avoid putting the Ethereum Network at any risk.

Another notable thing about the sale is that the full token sale amount invested into Aragon was in Ether. This happened despite Aragon`s collaborative project with ShapeShift that allowed users to buy the ANT (Aragon Network Tokens) with 25 different cryptocurrencies.

“This project is cool. Very cool. Businesses of the future who are looking to integrate the blockchain into their business models will certainly be considering the Aragon platform, for its ease of use and powerful features.”, as P. H. Mandore from cryptocoinnews.com wrote in his analysis.

Aragon`s token sale is now the 4th highest funded crowdsale ever following behind last year`s DAO as the largest FinTech crowdsale known for now.

As Aragon pointed out as quoted by the online media, they will use the funds to “develop Aragon Core and the Aragon Network (AN), implementing security audits and hiring additional developers and operational staff”.

It is worth following how the company will use the newly gathered money to refine its offerings.

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