Martin Koppelmann
👤 SpeakerAppearances Over Time
Podcast Appearances
So...
We issued something that will play a role in our platform, a token.
And yeah, we sold it and raised GNO tokens.
GNO, yeah.
So we sold a few of them.
So 4% of our tokens for $12.5 million.
Yes, I mean, technically we sold them for 250,000 Ether.
That's a blockchain currency.
At the time where we did the sale, this Ether was worth 12.5 million.
That's why I'm saying we raised $12.5 million.
Fortunately, right now, this Ether is worth much more.
Now it's in the range of $60, $70 million.
And we still hold the Ether.
It's two things.
So the token is now separate from the ether, so the token has its own value.
And those tokens are trading currently at $240 each, something like that.
And the Ether, and I mean, we collect Ether and we sold a bit already for fiat so that we can pay our bills.
But also we already pay most of our expenses in Ether directly.
So we pay our employees in Ether, for example.
Other exchanges, like Kraken.