Harvard has Invested $5M – $10M into Blockstack’s Token Sale


Blockstack, the company that aims to create a decentralized internet, has reported that they want to raise $50 million in a token sale conform the SEC’s Regulation A+ exception.

blockstack - Harvard has Invested $5M - $10M into Blockstack’s Token Sale
The total number of tokens to be offered in the token sale will be 295 million STX tokens for $0.30 each.

30 morpher 351x185 - Harvard has Invested $5M - $10M into Blockstack’s Token SaleAirdrop: Morpher is Giving Away 30 USD to Launch their Trading Platform.
The project aims to build a trading platform and is supported, among others by billionaire VC fund Tim Draper.

“The net proceeds of the offering will be used to accelerate the development of its decentralized computing stack and app ecosystem,” said Blockstack representatives in a release.

In the meantime, it has been reported on Twitter that Harward has invested $5M – $10M in STX tokens.

Blockstack Ceo and founder, Muneeb Ali said in an announcement: “We’ve been working with securities lawyers to create a legal framework that can enable blockchain protocols to comply with SEC regulations.”

He added:

“This can potentially set a precedent for others in the industry, not just for public offerings, but also as a path to launch new public blockchains and establish a path to bootstrapping decentralized ecosystems.”

The Regulation A+ exception empowers companies to launch crowdfunding campaigns and sell securities to U.S. investors on two levels, $20 million or $50 million, each over a year time frame. A company gets a Regulation A+ offering by filing a statement about the offering with SEC, a step that Blockstack took today.

ICO-s or token offerings exploded in 2017 with billions of dollars in tokens sales. A long debate has started since that about these tokens if they are securities.

Is the history repeating itself and a new era of regulated token sales will start?



About Author

Ethan Hunt

Bitcoin Maximalist and Toxic to our banking and monetary system. Separation of money and state is necessary just like the separation of religion and state in the past. Also, pro-local, pro-global and anti-national.

Disclaimer: All content found on 7bitcoins.com is only for informational purposes and should not be considered as financial advice. Do your own research before making any investment. Use information at your own risk.

Leave A Reply

As Featured In