Cofound.it, a platform for nurturing and incubating innovative start-ups planning crowdsales, has announced that its token pre-sale has reached its capacity of $5 million USD in 3 hours, with more than 1,200 investors. The pre-sale, which started on June 4th, 2017 at 5pm CET, was available to Cofound.it’s most engaged supporters via its Priority Pass mechanism. The successful pre-sale leaves less than $7 million USD remaining for investors in the Cofound.it token crowdsale, which will commence on June 7th, 2017. Alongside this, Cofound.it has named three innovative token crowdsale projects as the first join its incubation program.
CEO and Co-founder, Jan Isakovic said: “We are humbled and grateful to our community for the amazing and immediate success of our token pre-sale. It’s proof that many supporters share our vision of a distributed venture capital platform and our belief that the blockchain space must build it.”
Cofound.it has so far connected with over 50 crowdsale projects, with six currently accepted to the program. The company plans to launch at least 10 start-up projects this year, with an additional 30 projects expected to launch in 2018. The first three projects are:
Santiment - a crowd sentiment data platform that lets users access and share valuable financial information to help them make faster crypto-trading decisions with greater confidence. Santiment’s month-long crowdsale will commence on June 30, 2017.
Musiconomi - the expansion on the platform built by the Musicoin Project. In addition to enabling musicians to release their work, create simplified licenses, and get paid directly and immediately for each play, Musiconomi will give entrepreneurial music enthusiasts a chance to participate in the growing music economy, as well as provide a world-class streaming service to listeners. The Musiconomi crowdsale is scheduled for July, 2017.
X8currency - a digital currency backed by a diversified investment portfolio of fiat currencies. X8currency will leverage artificial intelligence technology and aims to provide a safe haven for crypto investors. The project’s crowdsale will begin in July 2017.
Isakovic remarked: “The success of using Cofound.it Priority Pass in the crowdsale has pioneered an innovative way of conducting crowdsales for exceptional start-ups. Cofound.it has established the new standard for allowing developing companies to efficiently reach a high volume of potential investors and to be able to more quickly dedicate their energies to growing their business,”
Cofound.it’s advisory team includes The Business Blockchain author and Ethereum advisor William Mougayar; Week in Ethereum author and Ethereum ecosystem expert Evan Van Ness; blockchain apps and incentive design expert Vincent Eli; Collider accelerator Co-Founder David Prais; ICONOMI Co-Founder Tim Zagar; Senior Manager at Deloitte, Lan Filipic; and Managing Partner at Novak Rutar Law Firm Nejc Novak.