Farming cooperative LavkaLavka raises $ 500 thousand on first day of ICO
The LavkaLavka farming cooperative raised more than $ 500,000, the head of the cooperative Boris Akimov told RNS on the first day of ICO.
The LavkaLavka initial coin offering started on November 1 and will last until early December. LavkaLavka plans to sell billion tokens in total, that will allow investors use the loyalty program (Respublica stores, Double B Coffee&Tea coffee shops and UAZ automaker joined the program as well).
LavkaLavka already raised $ 2 million during the token sales on the Voskhod platform in September. Now, the cooperative together with Voskhod plans to participate in the "regulatory sandbox", which is launched by the Central Bank specifically for cryptocurrency projects as early as 2018.
Roman Goryunov, Head of Russian Trading System (RTS) that launched the Voskhod, noted that the platform is already actively involved in discussions of the law on legalization of cryptocurrencies in Russia.
Boris Akimov also pointed to Voskhod's interest in biocoin. In addition, he believes that LavkaLavka will be one of the first projects to be in the "sandbox" of the Central Bank.