Hedera Hashgraph to Raise $100M

CEO says that attracted funds will go on to further develop the public register of Hedera
02 August 2018   1937

The blockchain start-up Hedera Hashgraph has completed a new round of funding, raising $ 100 million to further development of the distributed network and ecosystem of decentralized applications.

In the future, the startup will conduct a public ICO for accredited investors with a $ 20 million hardcap. It is noted that one of the investors in this round will be Ari Paul of BlockTower.

The attracted funds, according to the CEO Mans Harmon, will go on to further develop the public register of Hedera and will solve market problems that prevent the mass distribution of this technology.

We add that earlier Hedera Hashgraph raised $ 18 million on a closed sale of tokens.

Neo Foundation to Withdraw $11M From Cold Wallet

These funds will be used to finance its operations in currrent reporting year and $190M are stiill in the vault
26 March 2020   1023

On March 25, the Neo Foundation announced the withdrawal of 1,660,865 NEO ($ 11 million) from the cold wallet to finance its activities in the current reporting year. About $ 190 million are still in reserves.

According to rules established in the Neo White Paper, the NEO tokens maintained by the Neo Foundation are mainly used to continuously support Neo's technological development, ecosystem growth, community expansion and the normal operations of the foundation and related organizations. 


Neo Foundation

According to the publication, 1,660,865 NEOs were transferred “from a blocked account to a current account”. As the information on the blockchain shows, these funds were directed to an address containing 14.6 million NEO or about $ 100 million. The project does not disclose who controls this address and what fate awaits the released tokens.

White paper Neo suggests that project costs in any given year should not exceed 15 million tokens. In the near future, a financial report for 2019 will be published.

At the time of publication, NEO is the 23rd largest asset on the market with a capitalization of $ 479 million. The price of one NEO is $ 6.79.