To be more precise, it was Azilowon’s pre-sale that was sold-out in less than 2 months (a period that went from November to the end of December), which is why the actual ICO scheduled for yesterday, January 7th, has not been opened.
As you can read on the official Azilowon page on the ICO Engine website, the ERC20 AWN token was sold at a price of $0.10 and the hard cap was $10 million.
AWN is a token of the Korean project 7MarketPlace that allows having exclusive access to the shop, with benefits for e-commerce customers ranging from discounts to products on sale only with payments in AWN.
According to the shop’s team, the 7MarketPlace’s AWN token aims to solve some of the biggest problems that e-commerce users face during their shopping:
- Confusion about the value of the currency in case of currency conversion;
- Expensive transactions;
- Slow transactions;
- Long waiting times for shipping.
The Azilowon team, satisfied with the achievement, explained:
“We would like to thank the Eidoo team and the advisors for helping us on this journey. It’s a real satisfaction to have been able – especially in a bear market period like this – to reach the presale hard cap. We have overcome this first major obstacle and now we will continue to work hard to implement the token in the platform and to continue to provide our users with a high-quality service”.