Santiment, a crypto-market information network, has announced the successful completion of its token sale. The token sale reached Santiment’s intended hard cap of 45,000 ETH (worth over $10 million at the current Ethereum price level) within two days, and less than 45 seconds (within three blocks) after opening the semi-public Cofound.it portion.
Taking part in the crowdfunding campaign were 710 participants from around the world, including 139 Cofound.it supporters.
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The token sale is said to have fulfilled a number of Santiment’s stated aims and objectives, which included securing a wide and fair distribution of international investors that strengthened the network. The funds raised will also enable the development and design of the Santiment information and data feed network.
Maksim Balashevich, CEO and founder, said: “We have been overwhelmed by how well the Santiment community and investors responded to the token sale. We now have a broad community of international investors aligned with Santiment’s stated goal of becoming the leading source of crypto-market information, and the financial resources to create it.”
Santiment is a crowd sentiment data platform that lets users access and share financial information to help them make faster crypto-trading decisions with greater confidence. Its aim is to be definitive source of crypto-market information for investors looking to enter the cryptocurrency sector.
Cofound.it, the distributed platform for startups planning crowdsales, announced last month that its CFI tokens have completely sold out in a pre-sale held before its public crowdsale was due to start, negating the need for it.