Blockchain Multimodal Forwarder IMMLA Raised More $500k During the Pre-ICO
ST. PETERSBOURG, RUSSIA, August 1, 2017 (Newswire.com) - On July 31, 2017, IMMLA, the consortium of international leading logistic and IT companies, including SBSolutions, Formag Forwarding, and experts from Hellman, announced successful completion of the first round of ICO.
For 15 days IMMLA issued 13,232,941.67 IML tokens and raised 2 540 ETH; that is more than $500k at a current rate.
Raised funds will be spent on the development of the pre-alpha version of the service, detailed whitepaper ver. 2.0, hiring team and experts, and further marketing activity for ICO campaign.
Mikhail Astakhov, Co-founder of the IMMLA consortium
Higher conversion rate of ETH to IML tokens during the first round of ICO granted bonus of 43% for its participants. According to smart contract function, IML tokens will be step by step redeemed and then burned at the expense of 36% of IMMLA's transportation revenue. Together with the use of the token in the work of the service, the buyback and burn mechanism provides a basis for growth of IML tokenholders capital.
Raised funds will be spent on the development of the pre-alpha version of the service, detailed whitepaper ver. 2.0, hiring team and experts, and further marketing activity for ICO campaign.
Next round ICO starts on September 15, 2017, and finishes on October 15, 2017, or earlier. ICO price for IML tokens will be not less than 0,000275 ETH.
International MultiModal Logistic Application (IMMLA) consortium includes such names as Formag Forwarding (subsidiary of Global Transport Investment), SBSolutions, experts of a leading logistics services giant Hellman. IMMLA's mission is to provide multimodal delivery service with decentralized control system of transportation, document flow and payments.
The software solution will be based on the logistics industry leading ERP solution Logismart.
Source: IMMLA