Celo Raised $10 Million

During the Dutch auction, held on the CoinList platform, the developers of the Celo blockchain startup raised $10 million.

The token sale took over 12 hours. In fact, 3996 applications and 761 proposals from investors from 132 different countries of the world were submitted.

“Net revenues (from fundraising) will be provided by the Celo Foundation to fund ongoing development work and community grants to support the ecosystem,” a representative of the Celo Foundation said.

These funds will be added to 30 million US dollars previously raised. Recall, a huge alliance of 50 companies is going to develop financial mobile applications based on the Celo blockchain.

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