The Record-Breaking Presale

Cofound.it has made headlines recently by achieving what can only be described as a monumental feat in the world of decentralized startup funding. The company managed to raise a staggering $14.8 million in just the first 60 hours of its presale. If there was ever an example of lightning striking twice, this is it! Investors were lining up faster than fans at a free concert.

Cancellations and Innovations

In a surprising twist, Cofound.it decided to pull the plug on its planned Initial Coin Offering (ICO) after this overwhelming response. Why bother with more sales when you have already grown a fanbase so supportive? The startup announced this cancellation in a press release, showcasing the success of its innovative Priority Pass mechanism that gave exclusive pre-sale access to its most devoted supporters.

Celebrating Success

“Together, we have set a new benchmark for startup fundraising,” said CEO Jan Isakovic, who cheekily noted that they are redefining how crowdsales can be structured. The presale’s success indicates a profound shift in how startups can approach fundraising, similar to a good plot twist in a marathon movie series.

The Future of CFI Tokens

Investors eagerly await the distribution of the CFI tokens—set to be issued seven days after Cofound completes an “audit” of the sale. The anticipation is thick enough to cut with a knife. What’s more? These tokens are expected to hit major exchanges soon, making a splash in the crypto waters.

Reflecting on a New Era

With the ICO officially off the table, it raises questions about the future of fundraising strategies in the startup community. Will other startups follow suit, or will they stubbornly cling to traditional routes? Only time will tell, but one thing’s for sure: Cofound.it has set a high-bar for its peers.