Qtum Crowdsale Culminates in 15m USD in 117 hours
51,000,000 Qtum tokens have been sold out within 117 hours after the QTUM’s global crowdsale kicked off on March 16th 12:00 pm. 11,156.76 BTC and 77,081.031 ETH have been raised according to the offcial. That is to say Qtum has raised more than 15 million USD in less than 5 days. Qtum has been recognized as the Blockchain project that has raised the most funds by using the least time.
In a chat group of Qtum’s investors, the official account of Qtum announced the completion of the crowdsale, thanked the investors and made a promise to use all the funds raised to develop qtum :
“The QTUM crowdsale is officially over after 117 hours since it kicked off. The Qtum Foundation would like to thank everyone for the support. This crowdsale would not be successful without you. We understand you put thetrust in the Qtum team by participating in the crowdsale, and it will only encourage the team to work even harder to launch the Qtum mainnet as soon as possible. We will make sure that all the BTC and ETH raised in the crowdsale will only be spent on moving the Qtum project forward. The Foundation will put in place internal controls to ensure all expenditures are approved, supported, and external monitoring practices will also be implemented. The next four years will be a tough journey for the team, and we are committed to building Qtum as a global blockchain platform. This is just the beginning.”
Trust means Pressure
An insider has told 8btc that though Qtum project has been tremendously successful in a way that few people has expected in terms of scale and of speed, the success also mean pressure:
“I think Patrick will have a very big pressure as the money represents the trust of the community not only from China and also from the globe. This means there will be pressure both for the token price when Qtum is officially released and for the development Qtum itself. Personally I do wish that Qtum can gain further success as it represents the voice of Chinese community and to some extent the reputation of Chinese Blockchain project. Chinese community is growing and Qtum should be, or must be that good start. I wish the pressure can become the team’s motivation”
Be China’s Ethereum
An investor also expressed his expectations on Qtum:
“I just wish that Qtum, after the crowdsale, can hire the best talents, apply the best marketing strategy to become China’s Ethereum, even though the team may get high salaries.”
Although it’s still unknown that whether such an ambition can be achieved by Qtum’ team, Patric Dai, the cofounder expressed his fundamental rules for the money raised in the ICO and his vision for the future:
“….The promise that we can make is that we will not even waste one BTC or ETH except in developing Qtum project. There will be no illegal use of the money, no counterfeit financial data or ineffective use of money….We are grateful to people to help the project at such an early stage. Let’s work together to conquer the possible obstacles ahead to build Qtum into a Blockchain platform of China and of the globe.”
Considering that Qtum’s only has sold 51% of its token in the ICO, some investors believe that the market value of Qtum should be the double of the current ICO value, which will stand at near 29 million USD based on Bitcoin price at press time.