Raising over 1.02 million ETC, ETCWin intends to be the value connector of the ETC community

As of 23:59 on November 23, ETCWin ICO, the first ICO project on Ethereum’s original chain ETC, was officially declared closed with a total of 1.02 million ETC.

ETCWin (Biying.com) is a digital asset exchange that uses Ethereum’s original chain ETC as the basic digital currency. It uses ETC as the basic digital currency to trade mature currencies of the POW consensus mechanism and tokens issued by community ICOs.

The ICO started at 3:00 pm on October 17, 2016, and the crowdfunding progress on the first day exceeded 25%. After 20 days, ETCWin successfully raised more than 800,000 ETC, reaching the lower limit of the ICO target. As of 23:59 on November 23, the ICO officially ended, raising a total of 1.02 million ETC, with a crowdfunding progress of 127.81% and 238 supporters.

ETCWin is the main product of Shanghai Kuoyue Technology. Kuoyue Technology was founded in 2016. The team has technical experts and operation experts from several financial technology companies. The founder of the project once managed a financial technology company with an average daily turnover of more than 300 million yuan.

From the financial industry to the blockchain, the team made a bold choice to become the first ICO project based on ETC. The ultimate goal and long-term plan is to build the entire ETC ecosystem. During the crowdfunding period, the team's efforts and a series of external cooperation also proved this: technical cooperation with Bitbank to explore new models of exchange cooperation; cooperation with futures trading platform BitMEX to provide futures trading and liquidity for WIN coins; at the same time, ETCWin is also helping the community build and supporting emerging projects in other ETC communities.

"In the ETC ecosystem built by ETCWin, ETCWin is not only an ecological value builder, but also a value connector." said Chen Gang, founder of ETCWin.

"For example, the ecosystem in nature needs sufficient sunlight, water, etc., as well as chains that transmit these energies and substances between different organisms, from its generation to its prosperity. In the ETCWin ecosystem, energies and substances such as sunlight and water are communities, developers at home and abroad, technicians, startups, industries, etc., and blockchain is the chain that carries energy and substances. Our core value is sharing and win-win. Through ETCWin, we can gather more diverse organizational forms, and through the complementarity and sharing of resources and capabilities, we can create a greater aggregation effect, so that all participants can find their own position in the ecosystem and enjoy their due benefits."

Talking about the development plan after ICO, Chen Gang introduced:

“The ICO crowdfunding has been successfully completed. We are very grateful for the support of all parties for ETCWin. At present, various ecological projects of ETCWin are being launched one after another. We are implementing blockchain incubation base projects in key cities in China, and ETCWin’s volunteer development plan is also being implemented. We sincerely invite more young people with ideas and courage to participate in the ETCWin ecosystem. I believe that in the future, ETC will take on the role of ‘Android in the blockchain world’. ETCWin will be the ‘App Store in the blockchain world’.”

It is undeniable that this ICO is not all smooth sailing, especially from the perspective of price, ETC and ETH are currently performing poorly, which has affected investor confidence to a certain extent. ETCWin CMO Anne analyzed that the current price is at the bottom in the short term, and it is expected that it will become clear after the ETC production limit decision. At the same time, she said,

“Win is the equity performance of ETCWin, which reflects the operating ability and asset allocation of the ETCWin platform. We hope that investors can consider it more from the perspective of medium- and long-term value, and not pay too much attention to short-term fluctuations.”

From the perspective of investors, investing in ETCWin is essentially a positive attitude towards the ETC concept. At a time when ICOs are emerging in large numbers, ETCWin can achieve such results, which also shows the confidence of investors in ETCWin and the ETC community. Mei Wenxiang, co-founder of ETCWin, looks at the future development of the community in this way:

“The ETC community is actively discussing economic policies with overseas parties, and the ETC community itself is also improving and strengthening its community management model. In the future, it will present an image of an international top community.”

As the first digital asset exchange that uses Ethereum’s original chain ETC as its basic digital currency, ETCWin will focus on three directions in the future: digital currency, digital assets and ICO services. Chen Gang said, “Especially digital assets and ICO services, which will be opened to investors first.”