Another big sum has been raised during a token offering by blockchain startup Bancor. According to ethnews.com, on the 12th of June, 2017, Bancor announced the opening of its token offering. Would-be investors swarmed to the chance to exchange Ether for Bancor Network Tokens (BNTs). The token offering had a one-hour minimum time wherein all contributions would be accepted in an effort to prevent whale investors from seizing all BNTs available to the public.
