Blockstack hopes to raise $28 million through its ongoing Reg A+ token offering, selling its Stacks tokens at $0.30 each to the general public (implying a market cap of $260 million based on the current distributed supply)
These tokens will be used as a medium of exchange for apps, services, and name registrations on the Blockstack network
Since its inception in 2015, the Blockstack network has gathered only 9,555 verified users, an increase of approximately 55 new users within the last two months
The network is heavily reliant on the upkeep provided by Blockstack, a company which has faced serious financial trouble with “substantial doubt about its ability to continue as a going concern.”
Footnotes
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