Moscow farm cooperative LavkaLavka attracted more than $16 million on the ICO, which took place from January 1 to February 18, 2018. Thus, the maximum level of the collection set at $15 million was overcome. This was announced by the founder of LavkaLavka, Boris Akimov.
According to him, the money raised on the token will be used to implement, launch, support and promote the BioCoin blockchain platform, in particular, technological development, expansion of the client base, marketing, acquiring new partners and opening new points. The central costs will be associated with an increase in the number of users of BIO tokens.
Note that during the ICO the price of tokens changed. In January, for $ 1 it was possible to buy 31.5 BIO, in February the same amount provided an opportunity to purchase only 24 BIO. The exact number of tokens sold is not reported, but it is known that LavlaLavka has issued 1 billion BIO.
Recall that the fact that LavkaLavka released its own cryptocurrency BioCoin and is preparing for the ICO, it became known at the end of July 2017. During pre-sale of BioCoins, approximately $2.5 million was collected.
What is LavkaLavka?
LavkaLavka - a cooperative that allows farmers to find their customers, and buyers - their farmers. It includes online social networking service designed to interface farmers with the consumer, as well as a network of restaurants and retail stores with the appropriate farm products. The cooperative was founded in 2009. LavkaLavka accepts cryptocurrency on the site and in all stores.
Information Source: LavkaLavka