Wednesday, November 22, 2017

CyberMiles Raises $30M Via ICO

Dallas-based CyberMiles, a startup developing a blockchain-based platform for decentralized, online marketplaces, said it has raised close to $30M in its "initial coin offering" (ICO). CyberMiles said it sold 420 million "CyberMiles Tokens" in its ICO, with funds to go towards its technology. An initial coin offering (ICO) is a new technique which uses the Blockchain protocol to help companies raise money for their startups, in lieu of more traditional venture capital or other funding, giving investors in its ICO a share of equity in the company.