Top Upcoming ICO participant raised $21M in 11 minutes

SelfKey, participant of our weekly ICO review, reached hardcap in 11 minutes instead of planned 17 days
15 January 2018   1605

As you all know, we write about the most interesting ICO campaigns, that are going to start weekly. We choose every participant carefully from the waterfall of dozens of ICO in order to write only about the most interesting token sale campaigns. Additionally, we keep our eyes on the campaigns even when they start, and add the most interesting to the Top Ongoing ICO article. 

And today we would like to show you that we really know what we do. 

SelfKey is a Blockchain based digital identity system that allows individuals and companies to truly own, control and manage their digital identity, and instantly access Citizenship and Residency by Investment, Company Incorporation, Fintech Products, Token Sales, Exchanges and much more.

The idea is good and interesting. Lending page is nice and pretty, team looks professional too. And all this and more led to the great result!

SelfKey Raised $ 21 780 000 in 11 Minutes!

Guys planned to sell tokens till 31st of January, and $21.78M was the hardcap. 

The participation, support and feedback has been spectacular. On behalf of the entire SelfKey team, I would like to give you our sincere thanks for all the support shown since we publicly announced the project in early September 2017.

Edmund Lowell 

Founder, SelfKey

We are very happy with this fact and we will keep our eyes on the future of this interesting project.

Great start! Good Luck, SelfKey Team! 

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Bermuda to Issue First ICO License

The first 'official' ICO that will be held at Bermuda is Uulala
19 October 2018   60

Bermuda’s Minister of National Security, Wayne Caines, said that the Uulala fintech company received the first ICO license in the region. It is reported by the Royal Gazette.

In July, the Secretary of the Treasury of the Overseas Territory of Great Britain, David Bert, introduced new regulations for fintech products and services. The bill classifies initial coin offers (ICO) as “limited business activities”.

The draft law also states that before holding a tokensals, companies must provide information about the proposed digital assets, the financing system, the amount to be raised and various technical aspects. In addition, you must obtain consent from the Minister of Finance of the region.

The CEO of Uulala, Oscar Garcia, reported that the process of obtaining a license took four months. Fintech offers a decentralized peer-to-peer network “to attract cash into the digital economy.” During the ICO, Uulala plans to raise $ 50 million.

We are looking at operating from Bermuda. The Bacardi story resonated with us — a group of Cuban Latinos who went to Bermuda and established their headquarters there. We are looking at doing something similar. Bermuda is known as a financial hub and it is very forward-thinking on blockchain and fintech.

Oscar Garcia

CEO, Uulala

The government of Bermuda began to develop bills for the legalization of the ICO in March. Then David Bert said that Bermuda could be an example for other countries in the field of ICO regulation.