Australian FinTech Launch HCash announced today that it has increased 21,000 bitcoins corresponding to AU $ 52.89 million. This is Australia’s largest initial currency offer (ICO).
The start, supported by Collin Star Capital from Melbourne, is Alumni of the company’s accelerating Block Global Block, which has made more than 50 investments in Block Chain-enabled companies. Recently, Blockchain Global and its partners have listed a 40% share in ASX. : DCC).
ICO, launched on 28 June 2017, was well tracked by Chinese investors because of the potential of technology. It is one of Australia’s largest block chain increases with a market value of AUD 200 million. Investors in ICO have so far achieved a profit of 400 percent.
HCash is a platform that allows different blocks to be connected to each other, which gives the free flow of krypton currencies such as Bitcoin and Ethereum across otherwise separate networks.
The world’s first technology, developed in collaboration with research partners such as Monash University, Shanghai Jiao Tong University and Hong Kong Polytechnic University, has the potential to revolutionize, the crypto currencies of the effectiveness of previously useless block chain have been improved.
HCash CEO, Dallas Brooks said:
“HCash is the first Australian block chain that wants to connect the current mainstream block chains like Bitcoin and Ethereum with the next generation of block chain technology”
“We expect HCash to mark the start of a new era of blockchain technology, where isolated blockers can communicate and recognize each other.”
About the Importance of Technology Joseph Liu from Monash University:
“The technologies behind HCash are a major breakthrough in the block chain. Under the current krypto currencies there is no suitable, can serve any need. Transaction times are too long and not really anonymous. HCash solves these problems and allows people to practically” Safe and privacy-friendly way to conduct transactions. ”
Dr. Debiao He of Wuhan University said that technology would have a widespread potential society and industries:
“HCash will provide platform token, chain and chain assets and equity interactions that help reveal the potential of digital assets in the crypto-currency ecosystem. These digital assets will further expand the liquidity and maximize the value of the asset in the future. Used in many areas that require the highest level of data protection, as well as to improve privacy and efficiency through regular peer-to-peer transactions. ”
Ryan Xu, CEO of Collinstar Capital, commented on the motivation to invest in startup:
“What we found attractive about HCash is that their research partners considered quantum resistors in the development of HCAS to protect them against any arithmetic.”
“We are confident that this revolutionary crypto currency is in the hands of a trusted team who is at the forefront of the development of blockchain technology.”