Aragon Gets $25 Million ETH in 15 Minutes

Blockchain, FinTech, ICO News, Investing, News | May 19, 2017 By:

Business management platform Aragon has raised almost $25 million in ethereum ETH within 15 minutes. Not a bad quarter-hour’s work.

The company’s token sale sold out minutes after it began, with investors contributing a total of 275,000 ETH worth around $24.75 mln. That beat the token sales record previously held by Gnosis, which raised $12.5 million, also within 15 minutes.

Aragon provides blockchain technology to eliminate the middleman in a host of financial and business transactions, including governance, payroll, accounting, and cap table management.

The Aragon sales total doesn’t include $10,000 that allegedly went to a Twitter account with the name @AraqonProject. That false account substituted a “Q” for the “G” in Aragon and used the company’s logo to lure in the unwary. The account has been removed, but Aragon complained Twitter did not act swiftly in taking down the site, blistering it with a negative Tweet for its lack of response.