EQUI Capital announces closure of ICO
EQUI Capital, owned by British Baroness Michelle Monet, founder of underwear, and businessman Doug Burrow, not only failed to raise the planned amount, but also angered her bounty promoters, who accuse the company of not paying enough for their work.
According to the Financial Times, EQUI planned to raise $ 80 million, but by the end of March it collected only 7 million. As a result, EQUI extended the public sale of tokens from April 12 to June 30, but did not help, and by the end of June the amount was still 7 million dollars.
In the future, EQUI Capital announced that it is closing the ICO, since plans a global launch after a partnership with a new co-founder.
“We started as a UK-oriented company and are now transforming into international business,” the company wrote in its blog in August. “The new business will operate under the EQUI Global brand.”
A new partner, as it turned out that same month, turned out to be Apple legend Steve Wozniak. He admitted that he was involved in the affairs of EQUI Capital.
“I will be in business, and very soon, and the first blockchain-company in which I will participate is called Equi,” Wozniak said. “Our approach is not a new currency or something fake, with the hope that some event add to the project price. This is the share of participation in the company. “
In addition to failing to achieve its investment goal, EQUI Capital also aroused the ire of its bounty campaigners who promoted ICO on social networks and other online sites.
The source of anger was that they received only a small part of what they were promised. EQUI Capital itself, however, asked the participants of the bounty campaign to discuss this issue with AmaZix, which was hired to manage its bounty program.
“Lady Monet was very busy in Silicon Valley, working with the new founder, so, frankly, she simply did not have time to engage in bounty promoters complaining about a trifling matter,” said a representative of the Baroness to Herald Scotland. – If they need to complain, they can complain to the agency that hired them, not to EQUI. “
This is not the first time that the Baroness participates in a crypto-project. Last September, she announced that she plans to build a residential complex in Dubai for $ 325 million, housing in which, thanks to a partnership with BitPay, will be sold for bitcoins.
“I wanted to offer the blockchain community a unique and exclusive opportunity, for the first time in the industry, truly combining real estate and technology ,” Monet said.
Recall the Bitcoin rate fell by $ 500 in just two hours .
On the eve it was reported that BitcoinDark cryptocurrency price per day increased by 400 percent .
We also wrote that bitcoin enthusiast Charlie Schrem believes that new cryptocurrency investors should not pay undue attention to market volatility, instead choosing a large-capsized asset and tuning in for its long-term storage .