Eidoo raises USD27.9m in ICO
Eidoo, the multi-currency wallet, hybrid exchange and ICO engine, has raised USD27,913.264 in an Initial Coin Offering (ICO).
Eidoo is also announcing a 25 per cent bonus in tokens for those who purchased during the ICO and retain their EDO cryptocurrency for a six month period in the form of a crypto Airdrop; a system whereby a blockchain project distributes free tokens or coins to a long term supporter of a project. The Eidoo Airdrop is expected to begin on 17 April 2018 with 3,000 addresses eligible to receive the bonus EDO.
Launched on 4 October 2017, the ICO result gives immediate validation to Eidoo’s vision that access to the cryptocurrency world should be open to all as it expands exponentially. Eidoo is a blockchain-to-human interface which aims to solve the challenges and barriers to entry of dealing in cryptocurrencies; using a set of products and services which includes a digital wallet, decentralised exchange, digital identity solution (for taxation purpose) and an ICO Engine allowing users to take part in ICOs themselves.
The services are packaged into a single app that provides a way to store, purchase, sell and transfer digital assets, as well as purchase or sell commodities using the various cryptocurrencies without the need for a central authority.
Security is top of the agenda for Eidoo with lost digital assets easily recovered and private keys managed by the users directly. Initially catering for Ethereum and ERC20 tokens, Eidoo plans to add Bitcoin by Q1 2018 and will cater for many more cryptocurrencies in the future following an aggressive development programme.
Eidoo CEO Thomas Bertani says: “We are delighted with the reaction to our ICO. Our product, which is already available to download for free on the iOS app store or from the Google Play Store has been built with the express purpose of bringing the crypto world to the end user in a single integrated environment that will be used to control all tokens, without the need for elaborate configurations, while still providing peace of mind by complying with all security and safety standards and practices.
“We have a very ambitious roadmap of product development, which also includes the introduction of a debit card in 2018. Raising USD27.9 million in our ICO will accelerate the development process and assist us greatly on our mission to make the use of cryptocurrencies easier than mobile banking with a high street bank. We’re also delighted to announce a surprise Airdrop of +25 per cent additional tokens for the customers of our ICO who retain their EDO for a period of 6 months or more.”