COMSA Raises Over $74 Million in Ongoing ICObr>
Tech Bureau’s COMSA, an integrated initial coin offering (ICO) platform, has raised over $74 million in its ongoing token sale. The ICO started on October 2 and will run until November 6.
Last month, Japanese venture capital firm JAFCO invested $15 million USD into Tech Bureau. Combined with Infoteria Corporation’s $1 million USD investment in Tech Bureau’s Series B offering and other investments, Tech Bureau has raised over $25 million USD to develop and launch COMSA.
COMSA aims to address current uncertainties held by the ICO process. By working as a full-fledged ICO fundraising service, COMSA will exercise a totally streamlined process of token offering, sale, and distribution, and subsequently listing on an exchange on one efficient platform.
COMSA builds off Tech Bureau’s mijin blockchain (a NEM protocol blockchain) and Zaif bitcoin exchange platform. Following COMSA ICO white paper, four venture capitalists and one angel investor signed up for COMSA’s token sale. Additionally, 120,000 people have allegedly registered to participate in the COMSA ICO.
CMS token holders who bought tokens from its ICO will get to enjoy a premium bonus of 5% for every CMS they use to participate in the future ICO campaigns on the COMSA platform. Also, 5% of CMS tokens will be distributed as referral bonuses to token sale referrals, according to the official website.
The amount raised from the ICO will be used to fund the development of COMSA CORE system and expand its reach in a rapidly growing ICO market. Tech Bureau also plans to use the funding to accelerate the growth of its existing core businesses, which are the crypto exchange Zaif and the private blockchain product, Mijin.