Antshares, a blockchain-based digital assets platform, has already raised more than 5000 bitcoins in three weeks during its ongoing ICO that began on August 8, 2016, and will continue till September 7, 2016.

Antshares ICO latest statistics show that the platform has raised 5031.52 BTC ($2.9 million according to current exchange rate) at the time of writing. The allocation of Antshares includes 10% to early supporters, 17% to participants of ICO Phase-I, 23% to participants of ICO Phase-II and 50% held by Antshares team that are locked for a period of one year after the launch of Antshares Mainnet; the release stated.

The ICO’s object is Antshares Stocks (ANS), which is the native token of Antshares Blockchain Protocol. During the ICO, 20 million Antshares and an early bird reward no more than 4 million Antshares will be issued that amounts to 20% and 4% of the total ANS respectively. The ICO accepts only bitcoins and has no lower or upper limits and the market will determine the prices.

“All funds raised in this ICO shall be allocated for the development and marketing of the Antshares Project. The funds raised shall be used for team expansion. In order to better manage the Antshares ICO funds, our team will set up an independent entity to manage the funds,” the ICO website stated.

Antshares bridges the gap between digital and traditional financial ecosystems by allowing the creation of digital assets and conversion of real-world financial assets to virtual ones. It is a decentralized and distributed network protocol which is based on blockchain technology. Users can utilize it to digitalize assets or shares, and accomplish some financial business through a peer-to-peer network including registration and issuing, make transactions, payment, and settlement.