“Self-amending cryptographic ledger” Tezos has raised almost $200 mln in the first two days of its ICO. The uncapped sale of its Tezzies (TEZ) tokens will continue through July 12. At press time Monday, contributions had reached 42,600 BTC ($104.3 mln) and 184,700 ETH ($51.2 mln) for a combined total of around $155.5 mln. The lack of hard cap means Tezos could easily end up being the largest ICO ever once it closes in ten days’ time. The project had garnered tremendous interest from the cryptocurrency community and beyond, thanks in part to support and bullish sentiment from celebrated investor Tim Draper. Draper has since been somewhat quiet about his relationship with Tezos, while another project he sponsored, Bancor, also became the biggest ICO in history after it raised $153 mln. This total was eclipsed just a week afterward by Brock Pierce’s Block.One ICO, however, which reeled in $185 mln. The unlimited token issuance has meanwhile avoided the network clogging and mad rush which was ubiquitous with June’s prominent Ethereum token sales. Tezos has remained free of any major technical problems, while it remains to be seen if developers can rise to the occasion and put funds offered, which could easily top half a billion dollars, to adequate use to generate value for investors.
Cryptographic ledger Tezos has raised $ 160 m in just 32 hours , and , resulting in the creation of a hard cap , is expected to become the largest ICO in history . The self - amending ledger is yet to experience any major technical issues , and sales of Tezzies tokens will continue until 12 months . There has been huge interest in the token project , with support from prominent investors such as Tim Draper .