Qtum’s US$15m Crowdsale Is The 8th Largest In History

Cryptocurrency and blockchain enthusiasts have paid a lot of attention to the Qtum crowdsale. That is not surprising, as this project represents a blockchain-based development platform geared towards enterprises all over the world. The project’s crowdsale came to an early end as a total of US$15m has been raised in just a few short days.

Qtum Raises US$15m With Ease

After the crowdsale was launched, it became apparent rather quickly investors took a liking to this project. With over US$12m raised in the first 24 hours alone, no one doubted Qtum would reach their US$15m goal. Then again, the last US$30m still had to be raised, but with over 28 days left on the clock at that time, it was only a matter of time until the crowdsale came to a close.

It only took a few more days after this initial ‘investment frenzy” before Qtum raised the total amount of money they needed. It appears some large-scale investors invested in this project when there was still time. Qtum has a lot of potential in the enterprise sector, as it brings the best of bitcoin and Ethereum to the table. Any company looking into blockchain technology or smart contracts should pay close attention to Qtum.

Now that Qtum raised its US$15m, it becomes evident the majority of investment was made through bitcoin, rather than Ethereum. With US$12.267m raised in Bitcoin and US$3.396m worth of Ether, the balance of power is favoring the world’s most popular cryptocurrency. That being said, it is good to see both currencies bringing in their fair share of investments in the end.

Qtum co-founder Patrick Dai commented on the successful crowdsale as follows:

“We are confident that we can finish what we originally started a year ago. We hope our supporters can work with us to build the greatest blockchain platform for enterprise and consumer use cases. There are so many possibilities for the blockchain industry, with Qtum, we are just at the beginning of a long journey.”

It is also worth noting the Qtum crowdsale makes it the 8th largest in history. Even though the cryptocurrency sector has seen quite a few successful crowdsales in the past, raising US$15m is not something you see every day It is evident there is a bright future ahead for the Qtum project and the team working on bringing this technology to the enterprise sector.

Header image courtesy of Shutterstock