Disintermediation platform Aragon closed an initial coin offering at $ 25 m within 15 minutes of opening , making it the fourth highest crowd sale ever . However , a Twitter - based phishing scam that linked investors to a hoax ##ulent funding scandal resulted more than $ 10,000 in would - be investor losses , according to Aragon . The company 's cloud - based blockchain platform enables users to manage their finances autonomously by eliminating costly intermediaries and offering internal mechanisms like cap ##tion ##ry , governance and fundraising .
Disintermediation platform Aragon closed an initial coin offering at $25m within 15 minutes of opening, making it the fourth highest crowd sale ever. However, a Twitter-based phishing scam that linked users to a hoax Aragon funding site resulted more than $10,000 in would-be investor losses, according to Aragon. The company's ethereum-based blockchain platform enables users to manage their finances autonomously by eliminating costly intermediaries and offering internal mechanisms like cap table management, governance and fundraising.