So far it looks like the Ethereum pre-sale has raised 6300 BTC or nearly US$ 4 million - so there is every expectation that they will reach their $30 million target in the time-frame they set up.

If this happens it will become the largest ever Crypto-IPO and the Ethereum team will have their work cut out dealing with the influx of cash after striving for so long on very little.

Good luck to them for pulling off what is a very ambitious scheme - they have done their homework and attracted a lot of confidence that they can succeed.

We need these kind of initiatives in the crypto-world as they stabilize and strengthen the whole eco-system.

It is too easy to call these initiatives scams - I think there is far more at stake than that.