Categories: Press Releases

BitClave Token Sale Completed Within 32 Seconds

BitClave’s token sale has finished, having met the hard cap of $25.5 million within 32 seconds after the official start of the sale on Nov 29. There were 13 168 transactions made during the crowdsale. It’s a tremendous result, that highlights the level of interest and confidence in the concept and suggests a bright future for the project.

BitClave aims to totally change the way people use search engines and deal with advertisements. Its decentralized network allows users to decide who gets access to their personal data, and receive tokens as payment for sharing it.

This way, the only advertisements users see are from companies they want to hear from, and the advertisers themselves benefit from an audience that is already interested in buying.

It’s a shift away from the traditional method of simply gathering huge pools of user data from social media sites and search engines and using this to influence more general ads – an arrangement that’s been annoying for users and inefficient for advertisers.

In the pre-sale BitClave had already raised an impressive $22 million of the $25.5 million hard cap, with over 64,000 registered users. In the sale itself, BitClave distributed 550,842,000 CAT tokens, out of a total supply of 2 billion. The remaining unsold tokens will be allocated to a special account and will be locked long term.

BitClave’s success is just the latest story in a long sequence of exciting ICO launches recently.

BitClave’s CEO Alex Bessonov was highly positive about the results. He said, “This is a spectacular result, and would not have been possible without the support we’ve had from our community and followers. We’re incredibly grateful for this network we have. The token sale is only the beginning of the journey. For the next step, we are going to hit the market with a first mass solution and clearly demonstrate the usefulness of the system. You can expect announcements such as open source SDK releases, commercial partnership, and community grants all aimed at bootstrapping and growing the network. Stay tuned!”.

 

About BitClave

BitClave uses blockchain to eliminate ad service middleman. The company’s objective is to create a direct connection between businesses and customers. BitClave is building a decentralized search engine that helps users search for items without losing control of their own personal information. Users also get compensated every time they click on search results for products and services from their favorite brands. The process makes third-party advertising networks unnecessary. For more information, please visit www.bitclave.com.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Guest

The writer of this post is a guest. Opinions in the article are solely of the writer and do not reflect The Merkle's view.

Recent Posts

Is Walmart Poised to Become a Major Blockchain Player?

Semantics aside, the world of blockchain technology represents a new paradigm in the way businesses interact and operate. When its…

1 min ago

Blockchain Academic Research Bolstered by Stanford’s New Blockchain Research Center

Stanford University has launched an initiative that will be dedicated to the research and development of blockchain technology. The Center…

1 hour ago

Incent Loyalty celebrates ‘Bitcoin Pizza’ moment with first real-world transaction

Incent has been used to settle a $1,400 bill with a local restaurant – the token’s very own Bitcoin Pizza…

2 hours ago

Bitcoin Price Watch: Is the Recent Drop Part of a Bigger Picture?

At press time, bitcoin is retaining its $6,100 price from yesterday. The currency fell to this position from $6,700 after…

18 hours ago

Are Centralized Exchanges Breaking the Crypto Promise?

Exchange hacks are becoming the new normal. Just two weeks after Conrail’s $37.2 million hack, it was time for Bithumb’s…

19 hours ago

What Is Forging, and Is It a Viable Alternative to Bitcoin Mining?

As more and more people join the cryptocurrency conversation, Bitcoin mining has been thrust into the limelight. And just like…

20 hours ago