The RDN token sale ended this morning after a 14-day Dutch auction. We highlighted the project in our monthly ICO analysis here as an interesting, but misunderstood project in the digital asset community. We also published a bidding guide here for interested purchasers of the token.
The auction resulted in a raise of 109,532 ETH, or $32.9M assuming $300/ETH. As 50% of the token supply was sold in the auction, Total Network Value is double the funds raised, or $65.7M. We think this a very reasonable valuation for what is one of the most important transaction scaling projects for a major blockchain.
As a reminder, every month we select one ICO to analyze for clients of our In-Depth Research Service. To request samples of our past ICO work, such as Raiden (RDN), Kin (KIN), Filecoin (FIL), or Tezos (XTZ), or our in-depth work on existing networks, such as Ethereum (ETH) or Bitcoin (BTC), please fill out a request for information here.