Exscudo, a blockchain financial services provider, has announced that it has raised over 2300 BTC (equivalent to $5.6 million approximately at current exchange rate) during its Initial Coin Offering (ICO), which ran from April 25th till May 31st, 2017.

The details provided by the team reveals that around 3500 people have participated in the crowdsale. Most of the funds were raised during the first and last days of the ICO, with 1000 investors and over 400 BTC coming into the crowd sale in the last 24 hours.

According to the terms of the ICO, 50% of the unsold coins will be distributed among all crowdsale participants proportionally. The final unsold coins multiplicator is 7, which means the amount of purchased coins (plus the bonus coins) will be multiplied by this number.

“The Exscudo team would like to extend a warm thank you to all of its ICO participants as we move closer to the next steps and milestones for the EON blockchain and Exscudo products that will be launched soon”, Exscudo said.

Exscudo said that the team is now preparing for the launch of the EON network, which is expected to go live in a couple of weeks. It said that the EON main net will go live once the tests are successfully finished and all issues are fixed. The launch of Channels, the mobile wallet and secure messenger, is planned for the same time.