Privacy-focused blockchain, Concordium has just announced the completion of the 4th round of its global Private Placement of the cryptocurrency GTU.
Concordium is a decentralized and privacy-centric public blockchain aimed at remediating local blockchain problems through its “built-in user identification and Zero-Knowledge-Proofs”.
It uses these features to secure data and provide optimum privacy.
Concordium Valued at 1.45 billion USD
The global private placement project comes with no regret for the company as it has yielded the company impressive fortunes beyond initial imaginations.
Per the announcement, the company’s valuation is at 1.45 billion USD as at the 4th round of the private placement. The whole private placement round has yielded the company a capital injection of 36 million USD.
The project has attracted the interest of many companies and developers to Concordium. Meanwhile, developers from any part of the world can now create their applications on Concordium following the recent launch of its blockchain code.
Lone Fonss Schroder, CEO at Concordium disclosed this saying;
“In recent months, we have experienced great interest from companies and developers around the world. Concordium’s blockchain code has just become publicly available, enabling developers in general and RustLang developers, in particular, to create their applications on Concordium.”
Concordium Pushes Forward to List Its Crypto
In a bid to broaden its blockchain application, the company had disclosed plans to list its cryptocurrency on various cryptocurrency exchanges after the launch of its blockchain, set to happen in June 2021.
More so, the company claimed it is putting into consideration the needs of developers and companies, also setting future regulatory rules as these are major factors that had restricted a wider adoption of the development.
The project promises fast and secured transactions on the blockchain. Also, it is assuring potential users stability in the transaction costs not regarding the instability in the price of the crypto.