Proof Suite, an open-source software company that develops blockchain-powered investment market platforms, has raised over $1.7M during its token pre-sale.
The amount raised includes 884 ETH (equivalent to $260,000 USD) contributed by TaaS (Tokens-as-a-Service). Proof’s month-long public token sale will start on November 1, 2017.
“We are excited to have successfully ended our token pre-sale,” said Mike De’Shazer, co-founder and CEO of Proof. “It has proved our platform’s potentials while giving us the confidence we need as we prepare for our month-long public token sale commencing on November 1, 2017.”
Proof features a censorship-resistant desktop and web application, which leverages its Assurance Market Protocol (AMP) for trading real-world and crypto assets via the Ethereum blockchain. The company said that it developed the AMP in order to decentralize its existing web-based marketplace.
“We are focused on developing a censorship-resistant ecosystem of products that bring the power of the banks to the crowd,” said De’Shazer. “The focus is on individual financial sovereignty, unstoppable by large institutions and governments.”
The AMP features a prediction and insurance market that drive new kinds of assurances to blockchain-based investment certainties. It allows users to store and exchange cryptocurrencies, pegged-fiat cryptocurrencies, and real-world assets backed by the blockchain.
“Anything can be tokenized, recorded, and transacted through our decentralized platform and the crowd acts as the sole regulator,” said De’Shazer.
Proof Suite currently serves over 10,000 users who are trading tokenized properties, company shares, and intellectual properties on the blockchain.
