Cypherium has announced it is raising capital via a secondary token sale giving participants the opportunity to acquire Cypherium’s multi-level governance token (CPH).
So far the company has developed a cross-chain interoperability solution for CBDCs to communicate with international counterparts, domestic industries and wholesalers, underpinned by an enterprise-grade blockchain network capable of processing upwards of 10,000 transactions per second, according to the official press release.
CPH is designed to serve as gas for executing smart contracts and transacting on-chain. The company has already raised 20,000 ETH (via a private presale that took place January, 2018) and is expecting to raise USD 50-78million through the final public sale for their CPH tokens.
The company is backed by Pantera, Blockfolio, and Qtum, and has enterprise partnerships with global conglomerates and government agencies, including Google, Amazon, IBM, Randstad, and the Federal Reserve Board.
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