News and Announcements
CanYa Raises $12 million to become Australia’s Second Largest ICO
- Published January 10, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- CanYa has raised $12 million in its 30-days CanYa Coin Sale.
- BountySource and its 46,000 members were also acquired during this period.
- CanYa Coin Sale lines up beside the two victorious Australian ICOs ending 2017 namely Power Ledger’s $34 million and Horizon State’s $2 million.
The blockchain-based services marketplace CanYa with the provision of CanYa Ecosystem loaded its powerful features. Thus enabling users to settle instantly for domestic and global services, providers sell their skills and services via the CanYa wallet with ERC20-compliant coins, commenced its initial coin offering (ICO) last November 26, 2017, that successfully raised $12 million in cryptocurrency.
The ICO namely the CanYa Coin Sale indicates a progressive 30-day crowdsale sold out period its 60,000,000 ERC20 tokens. Distribution takes places after the ICO with 20,000,000 coins allotment to a privileged Rewards Pool engaging high incentives for the CanYa Ecosystem.
Alongside the exciting ICO, CanYa achieves in acquiring BountySource, gaining access to its 46,000 members further signifies CanYa’s expansion with an addition of its latest team dedicated for integration in the BountySource platform.
“Over the past months we went to any blockchain or crypto conference we could get to — if it had crypto involved with it, we were there. At one of those conferences we became aware of BountySource and the interest the founders had to exit the business. We realised their company and values were directly aligned with ours, and as was the other major stakeholders. From there, the dominos began to fall — we saw the opportunity and took it.” as expressed by CanYa Co-Founder Kyle Hornberg.
Approximately having sold 4500 on presale at that time with a total worth of $1.5 million respectively. Summing up the presale and initial coin offering performances with a total 11,013 cryptocurrency ether. Yet, during the time of publication the specific 4500 ether tokens valued at around $8.1 million pulling the full amount shooting up to $20 million. Such fluctuations in ether prices serves unpredictably excellent outcomes.
By January 9, 2018, CanYa tokens are set to begin trade on two online cryptocurrency exchanges and some additional to be announced soon. According to the CanYa’s founders, market capitalisation hits A$102 million via the token initial exchange entry at $2. It is also important to mark the first quarter of 2018 with the global market launch of the CanYa app. Nevertheless, the tokens performance lies in the investors usage now.
“We can only really affect a few things: getting a rock-solid team and pouring a lot of energy into our community. The proof will be in the pudding,” Mr. Hornberg adds.
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