[2019-12-13] Russia’s Largest Darknet Market Is Hawking an ICO to Fund Expansion
This might be the best representation of how the cryptospace should be in financial freedom, in seeking funding democratically and in removing the middleman.
However, this might also be an exit scam hehehe.
Hydra, reportedly the largest darknet marketplace serving Russia and neighboring countries, claims it is seeking to raise $146 million through a token sale to fund a worldwide expansion. The sale is scheduled to launch Dec. 16, according to an investment memorandum on the site, which is hard to access without a special anonymized browser.
The tokens, priced at $100 each, will be available to purchase on the platform for bitcoin. A package of 100 tokens will provide a buyer with a 0.00333333 percent share of Hydras profit, the memorandum says. It makes no mention of which blockchain (if any) the tokens would run on.
Given the illicit nature of its business, Hydras token offering may be the most brazen ever, even compared to the ICOs that pushed the envelope of U.S. registration requirements in 2017. Russian news outlet Forklog warned that the sale could be an exit scam, a common occurrence in darknet markets.
Read in full https://www.coindesk.com/russias-largest-darknet-market-is-hawking-an-ico-to-fund-global-expansion
However, this might also be an exit scam hehehe.
Hydra, reportedly the largest darknet marketplace serving Russia and neighboring countries, claims it is seeking to raise $146 million through a token sale to fund a worldwide expansion. The sale is scheduled to launch Dec. 16, according to an investment memorandum on the site, which is hard to access without a special anonymized browser.
The tokens, priced at $100 each, will be available to purchase on the platform for bitcoin. A package of 100 tokens will provide a buyer with a 0.00333333 percent share of Hydras profit, the memorandum says. It makes no mention of which blockchain (if any) the tokens would run on.
Given the illicit nature of its business, Hydras token offering may be the most brazen ever, even compared to the ICOs that pushed the envelope of U.S. registration requirements in 2017. Russian news outlet Forklog warned that the sale could be an exit scam, a common occurrence in darknet markets.
Read in full https://www.coindesk.com/russias-largest-darknet-market-is-hawking-an-ico-to-fund-global-expansion