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Elastos Foundation Raises $94 Million in its Initial Coin Offering

The Elastos Foundation

Represented the Elastos Foundation (“Elastos”) with the completion of its final round of public sales of ELA Tokens in its Initial Coin Offering, raising approximately $94 million. At an initial price of 800 ELA tokens per 1 bitcoin this was the most expensive token crowdsale to date. Elastos intends to use the net proceeds from the offering to support and facilitate the development of the Elastos platform. The Elastos platform is the world’s first Internet operating system focusing on re-decentralizing the Internet with blockchain to secure identity and ownership of digital assets.

The deal team representing Elastos included Amit Singh (San Diego) and Tim Poydenis (Santa Monica).