Decentralized startup incubator Cofound.it has broken the record for the biggest presale ever, raising $14.8 mln and subsequently canceling its planned ICO.
In a press release on Wednesday, Cofound said that all its CFI tokens had been snapped up by investors within 60 hours of the presale starting June 4.
“Cofound.it offered pre-sale access exclusively to its most engaged supporters via its innovative Priority Pass mechanism. The highly-successful pre-sale means the token crowdsale scheduled to commence today will not take place,” the startup said.
Read more here: https://cointelegraph.com/news/cofoundit-completes-worlds-biggest-presale-with-15-mln