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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
🎁 Complete simple tasks, get up to 13.2 GT per user
📅 From July 8 to July 20
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- 📢 #Gate Square Writing Contest Phase 1# is now officially launched!
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2. Add the tag #Gate Square Writing Contest Phase 1# to your post (minimum of 300 words).
3. Share your article or insights on X with the tags: Gate Square & CROSS.
Essay Content Directio
- 🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
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3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
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📅 End at: July 9, 16:00 UTC
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The company behind xStocks, Backed Finance, was co-founded by three individuals who previously worked at the now-defunct DAOstack.
According to Wu, three co-founders of Backed Finance, the company behind stock tokenization issuer xStocks, all have previous work experience at the now-defunct DAOstack, as reported by LinkedIn. ICO Drops data shows that DAOstack raised nearly $30 million through private sales, pre-sales, and ICOs from Q4 2017 to May 2018, with financing prices of $0.708, $0.856, and $0.9423 respectively. The private sale raised $21.909 million, with participating institutions including Cultu.re, Endor Protocol, Gnosis, and Menlo One; the pre-sale raised $4.69 million; the ICO raised $3.4 million. At the end of 2022, DAOstack announced its closure, citing that it had exhausted the funds raised through the GEN token sale in 2018. H/T: @cryptobraveHQ