July 20, 2024

Twitter director attends CoinList crypto investment platform ICO

Twitter director attends CoinList crypto investment platform ICO

Twitter CEO Jack Dorsey took part in the latest ICO round of investment platform CoinList, resulting inwhich the company managed to attract financing in the amount of $ 10 million.

In addition to Dorsey, a fund was invested in the enterpriseventure capital Polychain Capital and several other organizations. At the previous stage, ICO CoinList received over $ 9 million and attracted the attention of large investors. Representatives of the company said that the money received would be spent on launching the CoinList Trade cryptocurrency exchange, creating a cryptocurrency wallet and other additional products.

Dorsey is Chief Executive OfficerTwitter director and Square payment service provider, who opened Square Crypto's cryptocurrency department this year. The department is engaged in enhancing the functionality of Bitcoin (BTC) in order to integrate a digital asset into people's daily lives. Jack commented on his decision to invest in CoinList:

The crypto industry needs a reliable platform forlaunching new projects. CoinList occupies a leading position in this business field, so the opening of a trading platform is a logical step towards the development of the enterprise.

Since CoinList's inception in 2017,The platform sold tokens from various blockchain startups for a total amount of more than $800 million. The institution's experts evaluate each project for compliance with SEC regulations and list trustworthy cryptocurrencies. For example, the site organized an ICO of Blockstack tokens, which became the first coin offering conducted in accordance with Regulation A of the American Securities Act. (regulates the public sale of securities valued at no more than $50 million per year).