Decentreland ICO Tokens Sold Out in About 35 Seconds

in blockchain •  7 years ago  (edited)

Decentraland is VR platform/game similar to Second Life, built over the ethereum blockchain. Virtual items including land will be owned via blockchain.

On Augost 17, 40% of the total coins were released through an ICO for a total maxed amount of 25 millions. The ICO was so successful that maximum amount was raised in 3 blocks(around 35 seconds) . The ICO was held in the ethereum network, via smart contracts. In order to participate to the ico you should have run a smart contract in the network.

The drawback of such method is the fact that you are paying the fee for running the contract regardless if the contract is successfully run or not. The failure can result because the max gas to spend is too low or if for example the contract is run after when the tokens you want to buy are depleted.

You can find more details about on crushcrypto analysis of decentraland:

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crazy how fast it sold out lol... Interesting share thanks!

  ·  7 years ago (edited)

I was there... saw the whole thing. It was crazy.
Delayed transactions lasted for 6 hours after the token sale ended.

It seems like there is some huge support from investors.
This is a pretty cool concept as well as with the rise of VR people may start using this for real life simulations. That is the main use I could think of for it nowadays.
I'll be sure to look more into it.
Thanks for the information @steem-buzz

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thanx for this information @steem-buzz

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