ICORating Client Egretia Reaches Hard Cap Funding Goal Three Minutes After Launch


Initial coin offering (ICO) project Egretia has closed its hard cap funding goal of $23.7 million just three minutes after launching its public token offering.

Egretia, an HTML5 blockchain engine and platform, launched a public ICO for its EGT token on May 26 and attained its hard cap of 35,000 ETH, 6 million CMT (Cybermiles), and 1 million ABT (Arcblock), moments after launch.

The company also raised $14.4 million in a pre-sale round launched on April 30.

According to Egretia’s roadmap, over 200,000 developers worldwide will be able to use the Egretia Blockchain SDK to develop HTML5 blockchain games and applications that could reach over a billion devices.

From 8 billion EGT tokens produced by the company, 39 percent were distributed to investors in the pre-sale and public ICO, 27 percent were reserved for the Egretia Foundation, 20 percent were distributed to members of the team, contributors and advisors, while the remaining 14 percent were doled out to business and marketing partners.

Singapore-based Egretia received an Investment Rating of Positive, a Risk Score of 2.5 and a Hype Score of 2.7.

Latest news

New Token Listings: Constellation (DAG), Merculet (MVP), and MediBloc (MEDX) Token pairs of initial coin offering (ICO) projects Constellation (DAG), Merculet (MVP), and MediBloc (MEDX) were listed on several different exchanges June 19.
Suspects Finally Arrested and Charged in $1.8 Million Ether Kidnapping from 2017 A cryptocurrency millionaire was robbed of his holdings at gunpoint by four men in New York in November 2017. Only one of the suspects was apprehended and charged in December 2017, but the law has finally caught up with the three other accomplices.
ICON Announces Swap of ERC20 ICX Tokens to Mainnet Tokens After releasing its mainnet in January 2017, ICON (ICX) has announced that their older ERC20 tokens can now be swapped for mainnet tokens on select exchanges and via the ICONex wallet.