DECLOUDS, a crypto-currency project backed by precious metals, has raised almost 200 BTC on the first day of its Initial Coin Offering (ICO). The coin offering goes on for another 60 days until October 6th, 2016.
In order to participate in the coin offering, all users are required to create an account on the DECLOUDS ICO WEBSITE.( http://ico.declouds.com/)
The DECLOUDS developer’s team consists of Stas Nikolaev and Sebastian Schroeder. The developers are targeting to make the tokens liquid and tradable right after the ICO ends on October 6th, 2016. The ICO is structured in a way that provides a 4 bonus stages for participants.
ICO Features
The DECLOUDS team claimed to use a 2-of-3 multisig wallet for the funds, with two of the keys held by Petros Anagnostou, coinbit.gr founder and Martin Mueller, e-cash.org magazine co-founder.There will be a static 100 million DECLOUDS tokens that will be generated, 80 million of them will be offered in the ICO Campaign. The rest of the 20 million is divided up among the development team, early supporters and bounties. There is no cap on the amount raised during the ICO, and the final price of each token will depend on raised amount.
Development and Launch
The team expects to launch a test network along with a Web-client before the ICO ends. The final product launch is expected in winter of 2016.
