LiveEdu announced that they have successfully reached the $10M hardcap for their ICO ahead of schedule. Over 5000 people from 150 countries participated in the ICO. Many of the participants are professionals working in the industry LiveEdu is targeting.
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CEO, Dr. Michael J. Garbade had this to say,
“You guys surprised us all. We launched our crowdsale without any private pre-sale or any aggressive bonus model for major contributors. No contributor even had 100% bonus, but still we have been able to close quickly. Thank you for believing in our project and the opportunity of disrupting the $306 billion professional development market one shot at a time. We are looking forward to hiring experienced new team members from LinkedIn, YouTube and Lynda. We look forward to setting up LiveEdu Project Screens in cities around the world, one city at a time.”
“Because our ICO closed quicker than we anticipated, we’re working to go over everything and create a new schedule. And of course, we know getting your tokens are your first priority. Please be patient as due to the early finish we will have to make some changes to our original timeline. We are still monitoring all online social communities and forums so don’t hesitate to reach out to us with any questions.”
The funds raised in the crowdsale will be used for rapid expansion of the LiveEdu ecosystem and streaming clusters, building ten thousand projects for their initial eight topics and hiring more experienced team members.
LiveEdu is a decentralized peer-to-peer project learning platform for people to improve their job skills in future technologies. LiveEdu is building the YouTube for online education and professional development. They are taking one category out of YouTube and building it out into a bigger category of its own. Just as Twitch took the category gaming out of YouTube and built it into its own large vertical, LiveEdu is taking the category professional development out of YouTube.
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