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Tzavr drops plans for ICO

Friday 22 June 2018 | 10:56 CET | News
Russian OTT service Tzavr has withdrawn from plans for an Initial Coin Offering (ICO) using its blockchain platform MoviesChain, reports Comnews.ru. It blamed the unfavourable situation in the crypto-currencies market and the general decline in investors' confidence. Tzavr plans to allocate USD 3 million for the development of the company from its own earnings instead.

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Categories: Internet
Countries: Russian Federation
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