First Bitcoin Cash ICO Raises $30 Million in Record Time
October 15, 2018
Early October a blockchain firm and mining pool Viabtc has finished its first major ICO with the use of Wormhole protocol and Bitcoin Cash network. According to the data, Viabtc Token ICO raised on average 3,700 USD per second to make total amount of $30 million within 2.5 hours.
Viat is meant to be used in the process named “Duo mining” that would give miners common pool payouts as well as extra payment in viat. The viat coins will be issued in four stages and provide miners with additional reasons to join a pool. Viat owners will also be able to use the currency for pool fee discounts and exclusive client support:
“Viabtc Token can be used as ‘gas’ and value transfer tool. We will add more application and privileges to it so that its holders can participate in the planning of Viabtc operations, building and improving Viabtc ecosystem together with the Viabtc team.”