San Francisco, California Jun 27, 2021 (Issuewire.com) - Marketwatch. Com Rivecoin, California's first cryptocurrency raised approximately $4m in less than a week with its initial coin offering (ICO), setting a new record for the novel fundraising method in the world.
Led by James Lee Hardman Jr., RIVE bills itself as a decentralized P2P, C2B, and B2B Payment platform based on the recently launched RIVE Blockchain. In total, the ICO collected 4.1M USD, from 1,210 participants.
But while the figures may be impressive, the final numbers represented less than half the project's initial target of $25m - in part due to a decline in prices across the global cryptocurrency markets.
Rive ICO sales are still going strong despite the current issues other mainstream cryptocurrency companies are facing with mining bans due to energy consumption.
Rivecoin founder created the solution to this problem however only gave us a clue by saying everything's cloud base.
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Source :Market Watch
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