ORCA Alliance, a crypto friendly Open Banking platform, announced it finished the first stage its token sale ahead of time, reaching the $1,500,000 USD cap.
The first 50 hours proved to be enough time for the ORCA community to raise funds. ORCA has pegged the price of Ethereum at $500 right before the sale, which gave an additional incentive for contributors.
Project supporters had the liberty to choose one of 3 payment options – Bitcoin, Ethereum or Tomo coin, a native token of the latest ORCA partners – Tomochain. A total of 33,052,748.90361056 ORCA tokens have already been distributed.
“First of all, we are happy to have finally launched the crowdsale. It took a large team and approximately 8 months to get here. We are even more happy with the early round results. In this bear market and with all the negativity surrounding ICOs, it is extremely hard to raise funds. I want to personally extend gratitude to everyone who has been with us from the beginning and showed us their support”– said Natan Avidan, CEO of ORCA Alliance.
Even though the start has been successful, it’s only half of the story. ORCA Alliance is reopening its token sale for the second round on August 27. ORCA intends on raising a total of 9,800,000 USD.
ORCA Alliance is developing a digital marketplace for financial services where users can link their wallets, bank, cryptocurrency and payment accounts into one dashboard. It helps to access, monitor and grow financial assets without the need to log in to every account separately. Financial information is updated automatically through the help of Application Programming Interfaces, also known as APIs.