The Qtum crowdsale has raised over $15 million in just five days, with the project raising over 11,000 BTC and 75,000 ETH in exchange for 51 million Qtum tokens. The solution is designed for using smart contract on mobile devices, by stacking the Ethereum Virtual Machine on top of Bitcoin’s unspent transaction output architecture.
Instead of sending tokens to a single crowdsale address, Qtum enlisted six mostly Chinese cryptocurrency exchanges and crowdfunding portals to conduct the sale in a coordinated fashion. The sites participating in the campaign were Bizhongchou, Yunbi, ICOAGE, Allcoin, ICO365 and BTC9.
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“We are confident that we can finish what we originally started a year ago. We hope our supporters can work with us to build the greatest blockchain platform for enterprise and consumer use cases. There are so many possibilities for the blockchain industry, with Qtum, we are just at the beginning of a long journey,” said Patrick Dai, co-founder of the Qtum Project
“Since we began this project, I have been excited about its premise. Now, this excitement has been validated and shared by thousands of backers. Qtum will bring about a new blockchain and smart contract revolution and will bring together the many disparate communities into one common goal of action,” added Jordan Earls, co-founder of the Qtum Project
Qtum has previously raised $1 million from investors including Chen Weixing (Founder of Kuaidi), Star Xu (CEO of OkCoin), Anthony Di Iorio (founder of Ethereum and Jaxx Blockchain Interface), Jeremy Gardner (co-founder of Augur), Bo Shen (Fenbushi Capital’s Managing Partner), Roger Ver (aka Bitcoin Jesus), and Xiaolai Li (blockchain angel investor).