Our ICO is finished. Here are the numbers.

Image for post
Image for post

Last week we wrapped up our public token sale. Before I will talk numbers and milestones, I would like to take a moment to thank everyone involved for their contributions. This includes the direct team, the advisors, the online community and of course the investors and token holders. It’s been quite the ride.

Despite the crypto bloodbath, which has hit the markets in past weeks and which has unfortunately hurt many of crypto enthusiasts, we still managed to relatively comfortably reach our soft cap for which we are grateful. Today’s headline therefore is that we are on track to meet our September milestones, with several important announcements in the pipeline.

I’ve hinted at the most important of these announcements in my quote in this Coindesk article from last week. We are looking to welcome additional insurance partners to join us, MSIG and FWD in the weeks and months ahead. Besides that we are currently working to get listed on more exchanges besides our initial listing with HitBTC — watch this space for those announcements.

Our final numbers: we raised a total of USD 5.1m from a total of 50 investors — the majority of them coming from Asia. The distribution between retail and corporate investors was in line with our expectations.

The funds raised give us the opportunity to keep building our platform according to our plans and bring us a step closer to fulfil our mission of making insurance more readily available in a simple, reliable, cheap and transparent way to anyone, not bound by place or time.

I will fondly remember many things from this process — from events in Japan, interviews in Seoul to waking up one morning to 30 thousand new Telegram followers. We knew before we started this journey that there is no reliable blueprint for an ICO: it’s all so new that proper information is hard to come by. There were positive surprises and negative ones. Whatever may be, it has been encouraging to see that there are many believers out there with us, that share our believe that insurance is about to go through big changes. That the market will be revolutionised by the impact of blockchain, which will make insurance much more widely available, at much better prices, in real time. This will positively impact the quality of many lives.

Now that our tokens have been distributed, we look forward to leaving the helter skelter of token sales behind us for a while and to get our heads down and focus on our deliverables. We will post updates here regularly. If you have any questions feel free to reach us at contact@inmediate.io and we’ll get back to you as soon as we can. Thank you.

Otbert de Jong

Introducing Inmediate: a platform on which customers, distributors and insurers using smart contracts connect. https://inmediate.io

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store