Blockchain Daily News - DLT, token, ICO, crowdsale journal
Blockchain Dail Blockchain Dail

Blockchain Daily News - DLT, token, ICO, crowdsale journal

 
 


              

ICO : Blockchain identity startup Sphre raises over $5M in XID token sale


Sphre, an identity management company focused on blockchain technology, has raised over $5 million USD in its month-long XID token sale, which ran from June 1, 2017, to June 30, 2017.






According to the official release, the firm raised 2,059 BTC from 1,090 participants. The project’s token ‘$XID’, was immediately listed on digital currency exchange Liqui.io. Sphre aims to bring identity management and monetization to the blockchain.

“We look for projects capable of real disruption and Sphre showed mass potential with its AIR application”, said a Liqui representative.

The AIR Platform is a secure, lightweight system for digital identity and individual microeconomic engagement based on blockchain infrastructure, Sphre explained. Air’s API will allow third-party organizations and enterprises to integrate support for Air into their existing and new systems, while the mobile application secures and maintains each individual’s private key. Users also have the ability to store their key within a digital vault of their choice, such as a bank. The Hyperledger Chaincode (smart contract) forms the basis of the given identity, and contains program logic that will allow an individual to recover their identity if their mobile device is lost.

XID tokens are used within the AIR platform to facilitate identity-based transactions and handle profit-sharing disbursement based on customizable monetization agreements.

Sphre also announced it has appointed a CEO, Richard Mannell, to oversee governance and development of the AIR Platform and consumer application. Mannell brings his strong financial background and experience as a startup founder to lead Sphre’s growth.

“Thanks to the community’s support of the AIR concept during our token sale, we can focus resources on building a product that will revolutionize identity management by leveraging cutting-edge blockchain technology,” said Richard Mannell, CEO of Sphre. “I’m pleased to be involved in this important project, and look forward to executing the plans outlined in our white paper.”

Source SPHRE
sphre.co/cs/

Les médias du groupe Finyear

Lisez gratuitement :

BLOCKCHAIN DAILY NEWS

Le quotidien Blockchain Daily News :
- Blockchain Daily News

Sa newsletter quotidienne :
- Blockchain Daily News Newsletter
Recevez chaque matin par mail la newsletter Blockchain daily News, une sélection quotidienne des meilleures infos et expertises en Blockchain révolution.

Sa lettre mensuelle digitale :
- The Chief Blockchain Officer


FINYEAR

Le quotidien Finyear :
- Finyear Quotidien

Sa newsletter quotidienne :
- Finyear Newsletter
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises en Finance innovation & Digital transformation.

Ses 5 lettres mensuelles digitales :
- Le Directeur Financier
- Le Trésorier
- Le Credit Manager
- The Chief FinTech Officer
- The Chief Digital Officer

Finyear magazine trimestriel digital :
- Finyear Magazine

Un seul formulaire d'abonnement pour choisir de recevoir un ou plusieurs médias Finyear


Monday, July 17th 2017
Rate it


More on Blockchain Daily News


Recevez la newsletter quotidienne


Cryptocurrencies


Lettre mensuelle


Conferences


Liens utiles


Actus Nasdaq