Blockstack recently announced that it raised approximately $15.5M in the first-ever SEC-qualified token offering under Regulation A and raised another roughly $7.6M in a strategic round in Asia.
One of Blockstack’s goals for the offering was to open the network to the general public, not just accredited investors. In doing so, they reached an audience that went beyond anything that CoinList has previously supported. Some data:
- This sale was broad. Over 4,500 purchasers participated in this offering. This is more than 2x any previous CoinList-supported token sale. Including Filecoin.
- This sale was global. Counting non-U.S. participants alone, it would still be the largest audience to participate in a CoinList-supported token sale.
Blockstack wanted to engage a broad global audience and it was inspiring to see them work so hard to achieve that goal. Congratulations to Muneeb and the team. All of us at CoinList are proud to have played a small part in helping Blockstack realize its vision of a decentralized future.
Legal Disclaimer
This post is being distributed by Amalgamated Token Services Inc., dba CoinList. CoinList operates CoinList Services LLC, a technology company that offers compliance and technology infrastructure solutions for token issuers. Neither CoinList nor CoinList Services LLC provides legal, investment, banking, broker-dealer or tax services or conducts investment diligence on token issuers or any tokens or token-based securities mentioned in this post. Nothing in this post shall constitute or be construed as an offering of securities or as investment advice or investment recommendations (i.e., recommendations as to whether to enter or not to enter into any transaction involving any specific interest or interests) by CoinList, CoinList Services LLC or any of their affiliates. All information provided in this post is impersonal and not tailored to the needs of any person, entity, or group of persons and is not sufficient upon which to base an investment decision. The services offered by CoinList Services LLC are provided for the benefit of token issuers, and the listing of tokens and token-based securities on the CoinList website does not suggest the future or expected value of any token or explicitly or implicitly recommend or suggest an investment strategy of any kind. These types of investments involve a high degree of risk (including risk of total loss) and potential investors should consult with their own advisors. CoinList does not receive compensation for publishing, giving publicity to, or circulating notices or communications that describe securities; CoinList provides technological and compliance services to token issuers, their investors, developers, users, and community. While CoinList uses reasonable efforts to obtain information from token issuers which it believes to be reliable, CoinList makes no representation that the information or opinions contained in this post are accurate, reliable or complete. The information and opinions contained in this post are subject to change without notice. This post contains external links to third-party content (content hosted on sites unaffiliated with CoinList). As such, CoinList makes no representations whatsoever regarding any third-party content/sites that may be accessible directly or indirectly from this post. Linking to these third-party sites in no way implies an endorsement by or affiliation of any kind between CoinList and any third-party.CoinList is not registered, licensed or supervised as a broker-dealer or investment adviser by the SEC, the Financial Industry Regulatory Authority or any other financial regulatory authority or licensed to provide any financial advice or services.
