Blockchain startup Ripio has raised $37 million in an initial coin offering (ICO). Originally known as BitPagos, the company (which rebranded early this year) had previously raised $31 million during a presale, which included backing from FBG Capital and Blocktower Capital, among others. Investors from 25 countries participated in the two rounds, contributing a total of 121,300 ETH, according to the startup. The sale closed on November 5.
The RCN whitepaper indicates that 42.5 percent of the tokens would be dedicated to a pre-sale maximum, with 8.5 percent set aside for a public sale minimum. The remaining 49 percent were reserved for operational needs, such as incentives, marketing and expenses.
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