SMSCHAIN announces its decision to call off ICO which has been planned for November, 20 2017

News BTC | November 24, 2017 | 9:36 am

SMSCHAIN announces its decision to call off ICO which has been planned for November, 20 2017

News BTC | November 24, 2017 | 9:36 am

SMSCHAIN is the first blockchain-based SMS Gateway solution that provides a reliable global SMS delivery network, enabling mobile subscribers and SMS Aggregators to act as Miners, making useful work by delivering messages and mining Short-Message-Tokens (SMSTO) as a reward.  

This week an agreement has been settled with a strategic investor who will invest 5M USD in the project SMSCHAIN.

As result of this, the company’s CEO Andrey Insarov decided to call off the ICO, which was supposed to take place November 20th, 2017. Thanks to this agreement, the team has raised the sufficient funds to proceed with the development and implementations of the project according to the original Roadmap.

All individual investments collected so far as of today will be returned back to the wallets they originally proceeded. The funds will be returned to all wallets between 20th and 23rd November 2017.

Tokens of the SMS project will be once again available for purchase once the project is developed and launched.

Bounty campaign tokens and those won during the Telegram channel lottery will be fully paid until December 20, 2017.

About SMSCHAIN

SMSCHAIN is an IT/telecom company building an innovative infrastructure providing P2B (person-to-business) services. The team behind the project has over 10 years of extensive experience in telecommunications and a proven track record of launching and running successful businesses. Their previous project, Money SMS App, has near 100 000 downloads on Google Play Market. Andrey Insarov, CEO of SMSCHAIN, also leads Intis Telecom, EU-based telecommunication company with offices in the UK and in Lithuania, and more than 500 companies as clients around the world. Oleg Makarov, COO of SMSCHAIN, is a CEO of TelQ, an international Bulk SMS Gateway, SMS marketing platform and SMS Test Number services provider, serving 2 of 3 market leaders.

Oleg Seydak, CEO of Blackmoon Financial Group, is an advisor for SMSCHAIN. His project Blackmoon Crypto recently raised $30M in less than 20 hours during its ICO in September 2017.

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