The Credo Initial Coin Offering listed in Bitbounce, which stood at a bit over $8 million last week, has now pushed past $10 million accomplishing a goal the founders had hoped for.
Credo founder and CEO Stewart Dennis asked supporters to step it up last week explaining their goal of raising $10 million by the end of the round
Dennis stated earlier today;
“We did it. Our goal was to raise 10 million dollars in the Credo ICO, and we just blew past that figure to hit $10,531,091.41. What a result. I have to say, I’ve only felt this feeling – this emotion – a few times in my life before. Please now stop what you are doing and share with me after our long and at times arduous journey together, this sweet moment of triumphant euphoria.”
Credo now stands at just under $11 million with less than a day to go in the offer.
Credo listed its ICO just as the SEC said it would be gunning for Tokenized offerings that were deemed securities. Credo has firmly stated it is not a security as they do not provide a profit via ownership rights or any distributed income.
Credo is a token designed to be used to limit the email onslaught. Credos creates a market for email that allows users to charge to receive emails from unknown senders. These tokens may then be utilized by the recipients in a similar fashion. Early on, Credo benefited by the support of prominent VC Tim Draper.
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