Bitcoin Spark Continues Rampage Raising Over 2M During Presale
Initial Coin Offerings, or ICOs, are a common way in which upcoming crypto projects and blockchain-powered start-ups raise funds to spearhead their development in the DeFi infrastructure. ICOs are like initial public offerings that companies host to distribute a percentage of their ownership to the general public. ICOs are known to yield massive returns to investors who take advantage of the opportunities early.
With a detailed yet simple roadmap, Bitcoin Spark aims to become the best Bitcoin alternative. The roadmap is currently in stage 1, whose main concern will be nurturing the Ethereum-based IOU token that has already been created and audited by three smart contract auditing platforms: Contract Wolf, Vital Block, and Cognitos. The forensic results of the smart contract audited are available online, and the links are accessible from Bitcoin Spark’s whitepaper.
The team has allocated 4 million tokens to the ICO event and 500,000 BTCS tokens to liquidity pools and exchanges after listings. The team will receive 50,000 tokens. The remaining supply will be allocated to mining pools where network participants will “work” on the network and mine BTCS tokens from the pools.
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