Tag Archives: saft

Photo: Nervos Network / MediumSince the ICO boom of 2017 that attracted many scammers, the Chinese government banned all crypto activities in the country. However, the latest developments suggest that the government could be indirectly participating in a security token offering (STO).The Nervos Network STO is scheduled to kick off on October 16. It aims to raise an undisclosed amount within two weeks via the CoinList platform. Polychain Capital has so far said that it will contribute $5.7...

Innovative encryption startup NuCypher has raised about $10.7 Million in what is referred to as a Simple-Agreement-for-Token (SAFT) in a financing round led by Polychain Capital and Bitmain and included VC heavyweights Y Combinator, Bitfury, Arrington XRP Capital, Notation Capital, Coinfund and other strategic investors.NuCypher’s token NU was purchased by the investors during the financing process. The $10.7 Million raised in NU tokens represents 8% of the total supply of the tokens...