Initial Coin Offering Planned By The City of Berkeley

Announcements, ICO News, News | February 12, 2018 By:

The city of Berkeley is considering an initial coin offering (ICO) to raise funding for community projects.

Berkeley, one of the epicenters of liberal California, is contemplating selling tokens backed by municipal bonds, a type of security issued by the local government. Buyers might spend these tokens at shops and restaurants or even pay rent on apartment rentals that participate in Berkeley’s cryptocurrency ecosystem.