Announcement: VALID completes token sale, raises equivalent of USD 10.73 million

Zurich, 17th of March 2018

Swiss digital identity and personal data management platform VALID has announced the successful completion of its initial token offering. In total, the project has raised the equivalent of USD 10.73 million in Ether, Bitcoin and fiat.

The VALID crowd sale closed on 17th of March as planned, marking the end of the project’s initial token offering. In a next step, the tokens sold during the initial token offering will be minted and distributed to backers, provided they have completed the stringent KYC (“Know Your Customer”) vetting procedure VALID is required to conduct as a member of a self-regulatory organisation supervised by the Swiss Financial Market Supervisory Authority FINMA. VALID expects the distribution of tokens to sale participants within the coming four to eight weeks.

VALID has already announced the future listing of its token on the Lykke exchange and is in discussions with further crypto currency exchanges. The VALID token will trade under the symbol “VLD”. VALID expects to be listed on Lykke and possibly further exchanges within the next weeks.

The level of funds raised puts VALID in a strong position to deliver the project’s full vision. VALID founder and CEO Daniel Gasteiger said: “The support we have received from the community has been nothing short of incredible. We thank everyone who believes in our idea and has backed us in the token sale. This is the start of an exciting journey, and we will now put all our resources to work to make our common vision a reality.”

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