Highlights Reel: VideoCoin at Consensus Announces $50M Raise via Private Sale

Published in

VideoCoin

3 min readMay 26, 2018

VideoCoin recently announced the close of our token presale. We reached our $50 Million hard cap — all privately! This is an extraordinary achievement in the current market. It’s a testament to the strength of our community (thank you!) and the high quality of our offering.

We also announced an Airdrop to further extend our global community to developers, and to members who were unable to participate in the private sale. Details will be announced on Telegram. Be sure to join our Telegram Group for updates on how to participate in the Airdrop!

These announcements were made from Consensus 2018 in NYC by CoinDesk. Cryptoslate wrote “One of Consensus 2018’s big stories was CNET co-founder Halsey Minor’s participation in VideoCoin, a platform changing the economics of online video streaming.” This news has since been syndicated around the world.

Here are some of the highlights:

CNET Founder Backs $50 Million ICO for Video Streaming

Streaming a TV show or a sports game directly to your laptop doesn’t make big TV networks much money today.

However, that might change if VideoCoin, a new decentralized project that’s taking aim at the price major broadcasters and media companies pay to stream content, succeeds on its vision.

VideoCoin Completes $50 Million Private Presale And Announces Airdrop

VideoCoin, a crypto token powering blockchain-enabled video infrastructure — the VideoCoin Network — announced the close of its private token presale after reaching its hard cap of USD $50 million.

The VideoCoin project received overwhelming support from the world’s leading crypto and blockchain funds. These funds and select individual contributors recognized the quality and credibility of VideoCoin and its immense market opportunity, experienced, qualified team, and innovative technology.

Other press highlights include: