Due to ICO failed startup Civil will return funds to investors

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Bitria “news” From a failed startup ICO Civil will return funds to investors

Blockchain startup Civil planning to create a platform that uses a decentralized model based on the blockchain and cryptoamnesia, announced in its official blog, the closing of the sale of tokens CVL and the distribution of funds back to the investors.

According to the blog, the project was unable to raise the minimum level of funds, namely $8 million CIvil was Initially funded at $3.5 million company ConsenSys, to support initial operations.

According to the founder of a startup Matthew Isles investors should request a refund or October 29, funds will be transferred automatically to all investors.

Despite the unfortunate ICO, Isles wants to try a second attempt to raise funds, also based on the sale of tokens, but it will be different from the previous ease of implementation.

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