Disintermediation platform Aragon closed an initial coin offering at $25m within 15 minutes of opening, making it the fourth highest crowd sale ever. The company has also announced a new partnership with Coinbase to allow users to buy and sell Ethereum tokens on their platform. 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.
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.