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Blockchain company Concordium raised $ 15 million via private token sale


Privacy-focused Swiss blockchain firm Concordium has held a $ 15 million private token sale.

According to the press release, the successful testing of MVP (Minimum Viable Product) allowed Concordium to release its own smart contracts based on RustLang.

“Concordium has generated strong demand from DeFi projects looking to build a blockchain with protocol-level identifiers,” said firm CEO Lone Fonss Schroder.

In late February, Concordium announced a partnership with car manufacturer Geely Group to create blockchain services. The company is gearing up to launch its main network in the second quarter of 2021.

Recall that in February 2021, Balancer’s DeFi protocol raised $ 5 million through the sale of coins. Earlier, the startup CasperLabs held a private token sale for $ 14 million.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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