Cofound.it Token Pre-Sale Raises $5m in Just Three Hours

The crowdsale platform promises to use blockchain technology to disrupt the VC (venture capital) industry.

Cofound.it, a distributed platform for startups planning crowdsales, has today announced that its token pre-sale has reached its capacity of $5 million in just three hours with more than 1,200 priority investors. The pre-sale leaves less than $7 million remaining for investors in the token crowdsale, which will commence on June 7, 2017.

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Jan Isakovic

Cofound.it 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 also announced that it already connected with more than fifty crowdsale projects, with six currently accepted to the program. The company plans to launch at least ten startup projects this year, with an additional thirty projects expected to be launched in 2018.

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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.

• X8currency, a stable digital stable currency backed by a diversified investment portfolio of fiat currencies. X8currency will leverage artificial intelligence (AI) technology and aims to provide a safe haven for crypto investors.

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