DreamTeam Changes Its Token Sale Hard Cap Due to Venture Capital Investment
April 18, 2018 — DreamTeam, the world’s first infrastructure platform and payment gateway for esports and gaming, has announced a decrease of its total Token Sale hard cap from $45 million to $21 million due to the recent investment by Mangrove Capital Partners, a major European venture capital firm.
DreamTeam has already successfully completed the Token Sale Phase #1 of its ICO and reached the hard cap of $6 million in just four days in December 2017.
Presale of the project’s Token Sale Phase #2 started on April 12, 2018 and it will last till the 19th of April. The hard cap for the Presale Phase #2 is limited to $3 million.
Commenting on the hard cap update, Alexander Kokhanovskyy, DreamTeam CEO and Founder said: “DreamTeam received tremendous financial support from Mangrove and got access to the industry insights that will help us lead the evolution of esports and develop our infrastructure platform for 300 million gamers and build the payment gateway for the #1 sports of the future. At the same time, we are giving an opportunity to esports and gaming enthusiasts to join the growing economy with a potential market size of $50 billion”.
The crowdsale of Token Sale Phase #2 starts on April 19 and continues through May 19, 2018. The bonuses are as follows: 10% for days 1–3; 5% for days 4–6; 3% for days 7–9.
The exchange rate is 1 ETH = 1600 DREAM. Minimum investment is 0.1 ETH with the maximum investment being unlimited. Accepted currencies: ETH, BTC.
Earlier in April, DreamTeam announced it had received investment from Mangrove Capital Partners, a top-tier European venture capital firm. Among the fund’s most successful investments are Wix (NASDAQ: WIX) currently valued at $3.7 billion, and Skype, which was bought in 2005 by eBay for $3.1 billion.
DreamTeam has already connected two games to its platform, including League of Legends (LoL), the most popular game on the planet with over 150M monthly users, and CS:GO. For now, over 500,000 users have joined the platform.
At the end of March, DreamTeam announced the launch of its Blockchain User Wallets & Compensation Smart Contracts, thus becoming the first platform to enable teams to provide compensation to their players.
About DreamTeam:
DreamTeam — infrastructure platform and payment gateway for esports and gaming.
DreamTeam is the ultimate teambuilding and skill-growing platform that solves problems for hundreds of millions of gamers who want to build, grow, manage and monetize their teams. And with the unlocking of blockchain and smart contract technologies, DreamTeam is building a one-of-a-kind payment gateway for players, teams, tournaments and sponsors.
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For more information on DreamTeam and its ICO, please visit https://token.dreamteam.gg/
