2018-8-3 23:23 |
The investors combined to purchase 7.5 percent of the protocol at a $136 million valuation.
The key difference here, however, is that this figure is more relative than usual – in the case of Handshake, there won’t be any entity to support (or value) beyond the protocol.
As such, Poon framed Handshake as a project intent on raising as little as possible, so that the largest amount could be given away to open-source developers.
Poon told CoinDesk:
“There’s this notion that crypto tokens when they go live, it’s similar to late-stage venture financing, and this gives an alternate model for that.
However, that’s not to say that he doesn’t have every aspiration that the model and ideas will be lasting.
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