Johannesburg Blockchain startup raises $10 million in 20 seconds (South Africa)


By Darryl Linington | IT News Africa February 7, 2018

Faceter, a Blockchain startup, and the first vendor of computer-vision surveillance technology powered by a fog network of miners, has raised in excess of $10 million in their Token Presale, which concluded in a matter of seconds on February 5th. This is a truly remarkable achievement in a market where many ICO startups do not succeed.

Faceter started its Whitelisting procedure on January 29th, 2018. Huge demand and contributor’s activity necessitated that the team deliver additional tranches of tokens that were originally reserved for the Token Sale.

Within 4 days Faceter recorded, according to the firm, in excess of 8,000 Whitelist applications from 152 countries. As a result, Faceter has decided to run the Presale only on a Whitelist basis, with a queue and without free sale, in order to ensure fairness for the contributors.

In addition to the unexpected surge in demand for tokens, 83 corporate businesses from 52 countries have shown an interest in the product and have approached the company seeking partnership opportunities. All these figures prove that Faceter’s vision of the future is shared globally.

Faceter will deliver the remaining tokens to the Token Sale starting on February 15, 2018, by providing a Whitelist for those who want to reserve tokens on their website. This process has already commenced.

A new era of video surveillance, as stated by the firm, is coming and Faceter aims to create a revolution, ensuring that for the very first time, a product of this type is available to the mass market.

Full article available here.

Related stories


AsokoNews Brief

Sign up for the Asoko newsletter, highlighting Africa's top business and investment developments each week