Blockchain Startup With Disney Roots Completes $13.7 Million ICO

Dragonchain, the blockchain startup that began as a Disney prototype, has raised approximately $13.7 million in an initial coin offering (ICO).

According to the Dragonchain site, roughly 30,521 ether and 622.47 bitcoin were contributed during the two-stage token sale, which began with a pre-sale in August and ended with the conclusion of a public sale that concluded earlier this week. The pre-sale itself raised approximately $1.4 million (152.25 BTC and 2357.53 ETH).

In statements, representatives for the firm said that the funding will go toward development as well as establishing a market for the firm's Dragon token.

"Our goal was to determine market price of a Dragon and raise enough to deliver our roadmap," - CEO Joe Roets 

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