Home / News / Blockchain Project Polkadot Plans ICO to Raise Another $60 Million: Report

Blockchain Project Polkadot Plans ICO to Raise Another $60 Million: Report

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.”

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