Nervos officially launched the public token sale, exceeding 53.8 million US dollars as soon as it went online

Text | Liang Yushan

Mars Finance APP (WeChat: hxcj24h) reported that the public chain project Nervos has officially launched the public sale of tokens (CKB) on the US compliant crowdfunding platform Coinlist. As of 10:00 on October 17 (Beijing time), a total of US$54.64 million has been raised.

It is understood that the plan raised a total of US$67 million, and more than US$53.8 million was raised at the beginning of the launch. In addition, the token sale is aimed at global users.

Previously, Mars Finance reported that CoinList is the only channel for the sale of CKB tokens, with the sale price of 1CKB = 0.01 USD. The initial total supply of tokens released in the Genesis block will be 33.6 billion CKB, and Nervos will use 20% of the initial total supply for public sales.

Tokens purchased by investors will be released in the Genesis block (the genesis block of the Nervos Common Knowledge Base) at the launch of the mainnet, currently scheduled for the fourth quarter of 2019. The initial circulation at the launch of the mainnet is expected to be 12,375,988,800 CKB.

Public information shows that the Nervos project was rated by Bloomberg as one of the digital currency projects worth paying attention to in 2019. It received US$28 million in financing in 2018. Most of the investors were well-known companies such as Sequoia Capital China Fund, Wanxiang, and Ceyuan Ventures.

On October 11, Nervos officially announced that it had reached a strategic cooperation with the cryptocurrency hedge fund Polychain Capital. The fund will actively participate in the construction of the Nervos ecosystem, help build the Nervos community and increase its global visibility, especially in the United States and the Western Hemisphere.

It is worth mentioning that Nervos stated at the time that the Polychain Capital Foundation planned to invest an additional US$5.7 million in the CKB public sale on October 16.