Chia collects 61 million and plans an IPO
Today we will talk about cryptocurrency, which, according to many users of the cryptoindustry, has caused several global problems at once. According to skeptics, it was Chia that hit hard drive production. It was Chia that prompted the Chinese government to launch an aggressive digital asset suppression campaign. And it was Chia that today raised another $ 61 million in investments. The project is growing steadily, and we are in a hurry to tell you about the new achievements that this asset is reaching. So let’s get started.
As the developers themselves say, Chia is the best Bitcoin. This is Bitcoin as it could have been if Satoshi Nakamoto had used the knowledge of the founders of Chia 13 years ago. However, the comparison of these two coins is a bit incorrect. After all, BTC was developed as the first serious digital asset. Without looking at competitors, they simply did not exist. He pioneered and set the trend for the coming decades.
But time is relentless. The years have shown that Bitcoin is not perfect, that it has problems and it definitely needs improvement. Which became the foundation for a completely independent project – Chia coins. This is a fundamentally new currency instrument based on innovative algorithms. Chia users no longer need to invest in expensive equipment or build capital from coins. After all, mining is centered around your hard drive space. Thus, by providing space for the asset files, you get new coins.
Quite an interesting and unambiguously bold concept has already made a splash. In the course of a new round of attracting investments, the project received several large investments from serious partners. Richmond Global Ventures, Andreessen Horowitz and other major entrepreneurship figures openly supported the project. The amount of today’s investments has exceeded $ 61 million. Thus, the currency can be valued at $ 500 million. And this is taking into account the fact that the project did not even have an IPO. Which is planned for the near future, as a maximum – until the end of 2021. Now that you’ve heard about the phenomenal success of Chia, it’s time to figure out – is it worth working with this project? We’ll talk about this in the next section.
What to expect from a coin? Should you invest in an asset?
Chia already occupies about 12 exabytes on users’ computers. This, recall, is about 12 billion gigabytes. And it is this indicator that demonstrates the interest, trust of customers in the newly-made project. The company strives for openness, its leaders are respected in the community. Therefore, the question of the justification of investments can be called rhetorical. There is no doubt that Chia will have even more financial and social success.
The attention of the whole world is riveted to this project, it has already become a figurant of major scandals, of which so far it has emerged victorious. But, of course, you need to invest wisely. We strongly recommend evaluating the IPO that will take place within the previously indicated timeframe. The very first sale of shares will show how competitive and resilient Chia is in the face of market changes. So, by acting in a timely manner, but with care, you can get the most out of this innovative digital asset.
It remains only to wait for the start of sales, but for now it won’t hurt to learn more about Chia. We discussed this project in detail in a separate article. Stay tuned for all the latest news from the digital industry. We publish only high-quality, interesting material. Thanks for attention. Good luck!