The Russian Cooperative BioCoin Managed to Raise $500,000 in First 12 Hours.
The Russian farming cooperative announced that in the launching of BioCoin on November 1, 2017, in the first 12 hours, it was possible to raise $ 500,000 which made that launching became a success. BioCoin has the distinction of being the first token sale to be held in full compliance with Russian laws and is expected to become the poster child for the future regulation of ICOs in Russia. The ICO, which runs through December 1, 2017, follows a wildly successful pre-sale in which BioCoin was able to raise over to $3 million USD.
BioCoin’s founder, Boris Akimov: declared:
“We are excited to hold the very first legal ICO in Russia. Our blockchain platform has already drawn the interest of wide audiences, including Prime Minister Medvedev, who attended our presentation. We have secured legal support from Elina Sidorenko, the head of the Russian parliament’s interdepartmental working group on cryptocurrencies. On the advisory board, we have Michael Shlypanikob, the figurehead behind blockchainisation of Russian eco-farming and SibCoin’s team, who created a wildly successful Russian cryptocurrency, which in the last two years increased in price times 200.”
LavkaLavka, the parent company behind BioCoin, already has the foundation for the platform in place through its international farming cooperative. The company is backed by tens of thousands of consumers, retailers, and farmers around the world, with new businesses joining the network every week. According to the LavkaLavka team, over 20 million BioCoins are already in circulation and are being actively used by farmers in Russia and other countries on a daily basis.
The BioCoin ICO will run from November 1, 2017, through December 1, 2017, or until the hard cap of $15 million is reached. The current exchange rate for BIO tokens is 35 BIO = 1 USD. Investors can purchase BIO tokens using any of the following payment methods:
- American dollar
At the conclusion of the ICO, any remaining unsold tokens will be burned.
Disclaimer: InfoCoin is not affiliated with any of the companies mentioned in this article and is not responsible for their products and / or services. This press release is for informational purposes information does not constitute investment advice or an offer to invest.