Blockstack Token Sale Now Open for Registration on CoinList

CoinList has announced their second Initial Coin Offering (ICO), Blockstack, is now open for registration. If you are interested in participating in this investment opportunity, you must register by November 10th to guarantee your allocation. After November 13th, allocations will be distributed on a first come, first served basis.

CoinList entered the ICO space with the blowout offer from Filecoin. The enormous ICO raised $205 million in a few weeks with $135 million being raised in the first 60 minutes of the public offer. Demand was apparently so intense, CoinList struggled to keep the site up as investors poured in.

Blockstack is a four year old operation and a Y Combinator alumni (2014).  The company has already raised $5 milllion in venture funding led by Union Square Ventures along with participation from Naval Ravikant (AngelList co-founder), Lux Capital, SV Angel and more.

Blockstack wants to be part of the next wave of computing. Over the years, computing and the internet have swung between centralized and decentralized utilization. Back in the day, everything was on a monolithic mainframe. This transitioned to the PC (and Mac) desktops and laptops being the dominant platform. The next step in the evolution was cloud computing – once again becoming more centralized. Blockstack is on a mission to accelerate and facilitate the forthcoming decentralization of App based computing. Users will once again be in control of their services and data as the Blockstack blockchain and peer-to-peer network form a secure backbone of the Blockstack network.

Blockstack, which recently became a Public Benefit Corporation, has established a $25 million fund, called the Signature Fund, launched for the creation of decentralized apps built on Blockstack. The fund is said to have received hundreds of submissions within weeks.

The Blockstack Token is a crypto asset that will be used to register digital assets like domain names and applications on the Blockstack network. The Token will be “consumed” when digital assets are registered on the Network. The Blockstack Token is designed to enable new functionality on the network if and when it’s fully developed and successfully deployed on the Network. The Blockstack Token is said to be a “utility token”, that is required to access certain functionality on the Blockstack network but the team expects it to trade on exchanges.

Blockstack is only open to Accredited Investors but Blockstack Token says it is also giving vouchers to users who are not accredited investors. Users can get these vouchers for free by completing the registration process on the Blockstack Token LLC website in the time period starting Nov 1st, 2017 and ending Nov 10th. More information on the Token is available here.

 


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