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Briefing
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- First SEC Approved ICO – Blockstack became first company to receive Regulation A+ approval from U.S. Securities and Exchange Commission (SEC) to hold initial coin offering (ICO) for public investors in U.S. and abroad
- Regulation A+ – Allows companies to raise up to $50 million from accredited and non-accredited investors using alternatives to traditional Initial Public Offering (IPO)
- $28 Million Offering – Held token sale for Stacks (STX) worth $28 million starting July 11, 2019, having raised over $23 million from more than 4,500 global investors upon closing on September 9, 2019
- Project Development – Built blockchain-based network for decentralized applications, with over 250 dApps already developed, including encrypted e-mail service (Dmail), decentralized document management application (Graphite Docs), Linked-in like service (SpringRole), Google Forms on blockchain (Forms.id), and photo storing dApp (Encrypt My Photos)
- Token Use – Stacks (STX) can be used to register digital assets like domain names, write and enact smart contracts, and pay network transaction fees
- Developer Rewards – Allocated additional $12 million in tokens for App Mining Program, which rewards top-ranked applications within Blockstack ecosystem
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Accelerator
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Market Disruption
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Sector
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Information Technology
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Function
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Accounting and Finance, IT Infrastructure
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Organization
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Blockstack PBC, U.S. Securities and Exchange Commission
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Source
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Original Publication Date
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July 11, 2019
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