ICO Wrap – Initial Coin Offering and Token News Summary October 12, 2017br>
The decentralized community-driven search engine Presearch has raised $12 million in its initial coin offering (ICO) pre-sale, with its public sale slated to start October 15.
Cloud cyber-security company Spinbackup is creating a blockchain solution for cloud-stored data. The company is a Google Cloud partner and aims to replace passwords with a blockchain recording process. The company plans an initial coin offering later this month.
Gaming platform Playkey has partnered with mining company GigaWatt to expand its forthcoming cloud gaming ecosystem. The goal is to unite gamers with powerful computer rigs into the cloud, allowing them to use their GPU power to mine PKT tokens and pay for their gaming habit while contributing to the overall game speeds via their combined processing power.
Buenos Aires micro-lending startup Ripio has raised $31 million as part of an initial coin offering (ICO) pre-sale ahead of a new credit network launch. The public ICO will begin on October 24.