Cryptocurrencies: DA Power Play concludes the first ICO in Croatia, raising 2.6 million dollars

The financial technology startup for automating trading in digital currencies, Digital Assets Power Play (DA Power Play), has concluded the first successful ICO (Initial Coin Offering) in Croatia, becoming the most successful crowdfunding campaign in Croatian history, the startup reported on Thursday.

“In just six days, the startup surpassed the minimum capitalization of 2.1 million US dollars and raised a total of 2.6 million dollars, or 8,479 units of a currency called Ether, as part of the Ethereum network protocol. The funds will be used to continue the development and further enhancement of the platform, which will be launched within six months,” said DA Power Play.

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Behind the first Croatian ICO are the founders of the startup, Matej Ujević, Nikola Jokić, Saša Hunjak, and Milovan Pasini, who convey their desire for cryptocurrency trading to be simple and accessible to everyone.

‘Democratized Wall Street’

The DA Power Play platform believes it will “help create a democratized Wall Street, as well as a revolution in cryptocurrency trading.

The first Croatian ICO began fundraising on September 19, following a two-day presale, a five-day public sale phase followed, with the minimum crowdfunding goal set at 2.1 million US dollars (8,236 in Ether currency), while the highest capitalization expectations were set at 5.1 million dollars or 20,000 Ethers for 25 percent of the tokens.

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DPP tokens are a newly created cryptocurrency that will be used to create a distributed economy among interested parties on a global platform, including, but not limited to, hedge funds, asset managers, traders, developers, and investors.

One of the main goals of DA Power Play is to provide a platform that will be accessible to everyone at any time, on all mobile and desktop devices, while providing users with historical and current data from about 20 global exchanges, as well as technical indicators, integrating other data such as news feeds, social feeds, and market movements.