Blockchain project Polkadot is reportedly seeking to raise up to $60 million through another initial coin offering (ICO).
According to a report from The Wall Street Journal on Thursday citing “people familiar with the matter,” the startup’s latest token fundraising effort would bring the value of all its tokens to $1.2 billion, when those not in circulation are included.
Polkadot previously raised more than $145 million via a token sale in October 2017. Soon after, though, it had ether tokens to the value of $98 million frozen due to a bug in Parity wallets. At the time the team asserted: “Our ability to build Polkadot as planned and to the original timetable has not been affected.”