Fund Tezos announces the launch of the core network. The price of tokens takes off 25%

Fund Tezos announces the launch of the core network. The price of tokens takes off 25%

Swiss cryptocurrency project Tezos Foundation has announced that the network project will be launched on Monday.

On Monday beta testing, which started in June, will be officially completed and the Tezos Protocol will become a full-fledged network.

In July last year Tezos proably ICO in which it was collected 66.000 bitcoins (BTC) and 361.000 Ethereum (ETH) in the amount of about 232 million U.S. dollars (at the time of the ICO).

After conducting the ICO between the founders of the project Arthur and Kathleen Breitman who own the intellectual property rights of Tezos, and Johann Everson, which oversaw the raised funds, had a disagreement. This has delayed the launch of the platform and a series of lawsuits against the company.

In addition, some investors also sued after ICO Tezos due to non-compliance with the rules of the Commission, US securities and exchange Commission (SEC). In the lawsuits claimed that the tokens Tezos should be considered as securities in accordance with the laws of the United States, that is, they must be registered with the SEC for sale to investors. However, representatives Tezos called collected funds “non-refundable donation” and not “speculative investment” and added that a token may not be issued to investors.

At the moment the tokens Tezos (XTZ) are trading at about 1.69 USD, and the growth over the past day amounted to almost 25%.

News tags
Let's Disqus