AliPay Operator is Critical Over ICOs

Eric Jing, Ant Financial's CEO believes that much of the existing blockchain enthusiasm comes from speculation
26 March 2018   1795

Ant Financial Services Group, Alibaba's payment partner and operator of AliPay, has taken a critical position over ICOs. This is reported by Coindesk.

Eric Jing, CEO of Ant Financial's, talking at the annual China Development Forum on March 24 in Beijing, said that much of the existing blockchain enthusiasm comes from speculation around the blockchain.

Jing suggested that many projects behind tokensales canonly a poor white paper, and he appeared to rule out the possibility of his firm holding an ICO.

The current phase is like the internet bubble period in the '90s. Ant Financial has drawn a clear line with ICOs.
 

Eric Jing 

CEO, Ant Financial

Eric Jing noteed that he believes in blockchain's potential as a trust mechanism for the future digitalized society, but at the moment, bubble is likely to blow in the next few years. Only after that will the industry be able see real blockchain applications come, he said.

 

DigixDAO to Refund $64M

The decision was made by the project's community in the voting, so, money raised in 206 should be returned back
21 January 2020   73

The Digix project, which conducted an ICO in 2016, liquidates its storage and returns ETH to investors for $ 64 million. This decision received more than 95% of the vote in the vote.

In 2016, Digix raised 460,000 ETH during the ICO ($ 5.5 million at that time).

Under the Ragnarok Return to Investors project, DGD token holders will receive 0.193 ETH per coin. The price almost coincides with current quotes - $ 31.4.

DGD was used as the management token of the decentralized autonomous community DigixDAO. Its owners received commissions, participated in the vote on the distribution of project funds, as well as on other issues regarding the ecosystem development strategy.