MDK public announced an exit on ICO

The MDK public “VKontakte” announced an exit to the ICO (an analogue of IPO for cryptocurrencies). The community wants to attract up to $ 10 million to create a platform with content that is created by users. This was reported on the project website.

The first ICO round will begin on November 7th. MDK plans to release a billion tokens, of which 500 million will be launched openly, 250 million - for a reward of users, 200 million for a team, another 50 million will be a reserve.

22.5 thousand tokens will be sold in one air (1 ETH). Thus, a thousand tokens will cost about $ 13. During the first round, ICO MDK wants to help out about a million dollars.

In Russia, the status of bitcoin and other cryptocurrencies is still not defined. At the end of August, the Ministry of Finance proposed allowing the purchase of virtual money only to qualified investors and only through the exchange. As the Deputy Minister of Finance Alexei Moiseev said, for “just ordinary people” this is “very dangerous investments”.

MDK is one of the largest VKontakte communities. Almost 9 million people are subscribed to the public.

ICO (Initial Coin Offering) - the primary placement of tokens. During the ICO, the company sells digital tokens for cryptocurrencies. Token owners can trade them on the exchange or use them as an internal currency on the project platform.