Le Lézard
Classified in: Science and technology, Business
Subject: ACC

Green Light for DOVU as Mobility Blockchain Project Hits $5 Million Milestone



NEW YORK, Oct. 7, 2017 /PRNewswire/ -- Blockchain mobility project DOVU is off to a flying start, raising over $5 million in Ether to date. The initiative aims to crowdsource high-quality transport data from large numbers of grassroots users, storing this on the blockchain and making it available to developers and companies in return for the DOV token. Access to these valuable datasets will drive innovation in the transport industry.

DOVU: Blockchain for Mobility

DOVU's pre-sale was extremely successful, attracting a significant number of larger participants. This has placed the project in a strong position to go forwards: pre-sale contributions have already met the project's funding requirements for several years. The main crowd sale launched on Tuesday and any additional funding will permit an accelerated development timeline, along with an increased marketing spend.

Unfortunately, the beginning of the public crowd sale saw an attack on DOVU's website. Many crowd sales are affected by high levels of traffic at their launch as a lot of people try to access the site at the same time, and DOVU was well prepared for this. However, what occurred was a sustained and malicious DDoS attack that meant many users were unable to deposit funds for a period of several hours. Some of these contributors were unable to take advantage of the 10% bonus token period and DOVU took the step of extending the bonus phase for a further 12 hours. You can read more about the issues faced here.

Rewards for early participants

DOVU will now be rewarding all those who participate before Sunday with an additional token drop, to compensate for the early problems. More details will be published in due course. The token sale will remain open until 17 October 1700 UTC, with the 3% token bonus tier available until 8 October at 1700 UTC.

Additionally, DOVU will be exhibiting at the World Automotive Conference on 11-12 October in Istanbul, where the team will present its ideas to industry experts in the context of the latest transport trends and technologies.

Read this blog post for more information on how to participate the DOVU token sale, or to find out more about the initiative visit www.Dovu.io.

 

SOURCE DOVU


These press releases may also interest you

at 10:30
CEDAR RAPIDS, Iowa, July 19, 2018 /PRNewswire-PRWeb/ -- de Novo Marketing announced the acquisition of Annex Analytics, effective July 1, 2018. After two and a half years as a successful data analytics and strategy firm, Annex Analytics will operate...

at 10:30
MarketResearch.biz announces publication of its most recently generated research report titled, "Global TV Antennas Market by Type (Indoor TV Antenna, and Outdoor TV Antenna), By Application (Residential, Commercial, and Others) and...

at 10:30
IBM today announced that ExxonMobil, the largest publicly traded international oil and gas company, has been using the IBM Cloud as the foundation for their Speedpass+tmapp. The mobile app delivers greater levels of personalization, efficiency and...

at 10:30
According to the new market research report "Drone Sensor Market by Sensor Type, Platform Type, Application (Navigation, Collision detection & Avoidance, Data Acquisition, Motion Detection, Air Pressure Measurement), End-User Industry, and Geography...

at 10:30
SimplyVital Health, Inc., a global leader in blockchain healthcare technology, announced today that it has launched the private Alpha Net of Health Nexus, the first HIPAA-compatible blockchain protocol. HIPAA...

at 10:29
Strengthens global digital transformation capabilities for next-generation, enhanced customer-centric experiences  Infosys , a global leader in consulting, technology and next-generation services, today announced the expansion of its digital...




News published on 7 october 2017 at 10:30 and distributed by: