Decentralized identity startup Civic has already raised most of its $33 million ICO target after the sale was inundated with investors.
Soon after a slightly delayed start on Tuesday, organizers opted to ration available tokens to ensure what CEO Vinny Lingham described as a “very wide distribution.”
Ethereum network congestion was responsible for several pauses in sales, as transactions struggled to get through in the time window provided to each investor via Civic’s queuing system.
As of press time Wednesday, almost 45,000 had reserved a place in the queue, with just two mln of the original 11 mln tokens reserved for the ICO already sold.
Read more: https://cointelegraph.com/news/33-mln-civic-ico-rations-tokens-to-cope-with-unprecedented-demand