Just read Brazilian Soccer Club Seeks $20 Million In Upcoming ICO

Brazilian Soccer Club Seeks $20 Million In Upcoming ICO

A Brazilian soccer team is looking to raise $20 million by launching its own initial coin offering (ICO). Inside World Football reported that the club will sell 20.46 million tokens at $1 each. The club will hold onto another 1.54 million tokens, or roughly 7 percent of the total tokens being generated. The team is working with SportyCo and Blackbridge Sports to develop and launch the token sale, which will begin on October 3. If it raises between $8 million and $20 million, but falls shy of its upper goal, the unsold tokens will be burned, according to the report.

Read the full article at coindesk

Wednesday, September 19, 2018