Blockchain

Energi Mine Public ICO Raises $4 Million in 81 Minutes

Manchester, UK based Energi Mine says it raised $4 million in just 81 minutes. The final leg of the initial coin offering (ICO) took place on February 1st. Energi Mine opened the offer at 10AM. At 11:21AM it closed. The last round of the ICO was part of a larger offering. The pre-sale raised $11 million so in total $15 million was raised.

“The global interest in this ICO has been astounding,” said Energi Mine founder and CEO, Omar Rahim. “Investors have bought into our vision to revolutionise and reinvigorate the stagnant energy market using blockchain.”

Energi Mine reports that its ICO attracted investors from over thirty countries with a mix of investors from larger crypto funds and the general public.

Energi Mine will nextlaunch its new cryptocurrency, ETK Tokens, which are designed to reward people for consuming less energy, incentivising them to engage in energy-saving behaviour that will have a positive impact on the environment.

Rahim said that since September, their team has travelled the globe talking to governments, corporations and the general public to make them aware of their plan to reduce global energy consumption

Energi Mine said that it will announce a number of global partnerships in the coming weeks. The company is also developing the U.K.’s first cryptocurrency payment system for Electric Vehicle (EV) charging points. The company reportedly manages over $140 million worth of energy on behalf of its customers, looking after approximately 1,100 customer sites across Europe

Energi Mine is a blockchain and artificial intelligence energy solutions company based in Manchester. The company currently manages over $140 million worth of energy on behalf of its customers, looking after approximately 1,100 customer sites across Europe.

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