It is not an easy task for any initial coin offerings (ICOs) to succeed considering that regulators around the world are tightening their noose to curb malpractices or illegal activities. However, HybridBlock’s ICO stands the chance of sailing through the process that will end on June 5. Though interests among the users and investors for the right kind of digital coin are still intact or growing, the uncertainty caused by regulatory changes dampen the spirits to some extent. This has effectively cast its shadow on the price movement of most of the cryptocurrencies in the current year.
HybridBlock indicated that its objective is to raise as much as $50 million through the ICO that started on May 23 itself. The company has made available total digital tokens of about one billion and priced one Hybrid Token at $0.30 per coin. The digital currency has been accorded with a ticker of HYB while the token type is ERC20. During the pre-sale of the token, the company has offered a discount of 33 percent to attract investors into it. However, it appears that there will not be any discount to the ongoing ICO that is set to close on June 5.
The company indicated that 47 percent of digital tokens were sold in the pre-sale and in the initial days of ICO. Therefore, about 53 percent of the digital coins are still remaining to be sold in the next few days. One of the main reasons for half of its token remaining unsold is that the people in the United States, New Zealand, China and Canada could not participate in the ICO. That would mean that it has to focus on rest of the parts to attract investors. The company disclosed that it accepts other digital coins like BTC, ETH, and NEO to participate in its ICO.
Though the current trend of investing in Hybrid Token ICO looked to be a cautious one, there are others who see it as a bullish one. One of the investors, John Landers, has commented some nine days back that he was “super bullish on this one.” On top of this, he said that this was one of his top plays of the current year. Another investor, Mitchelle Barriga, remembered the chance to see the founder’s speech in Dubai and viewed it as an awesome vision besides the sound product that is right around the corner.
The company is raising money for venture capital funding that focuses on startups. The company has strengthened its core team and is mapping their big objectives. The firm disclosed that it is aligning with people who are smart so that it does not face any issues in executing its vision plan. HybridBlock has four key focus areas to take them closer to users. The first among them is a learning hub while the second provides a trading platform with favorite modern customer service. While the third focus area is a global exchange, the fourth centered on a dedicated terminal for lightning fast quotes.
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