Swiss Firm Twenty Thirty Launches ICO to Finance Open Source Cryptocurrency Wallet Project
Zug, Switzerland-based startup company Twenty Thirty AG has launched an initial coin offering (ICO) on July 15, 2017, to raise funds for its universal open source cryptowallet called Pillar.
The company has generated more than $15 million in less than 12 hours.
Earlier, the firm raised $4.3 million worth of ethereum tokens in 20 minutes during its pre-ICO campaign.
According to Twenty Thirty, Pillar is intended to become the “dashboard for digital life.” The aim of the project is to create a personal data locker that is supported by such other features as exchanges, devices, services, calendars, and browsers. The blockchain-based platform will be powered by Pillar tokens.
The company further claimed that the Pillar project is conceptualized from the book “Pull,” which is written by David Siegel, one of the co-founders of Twenty Thirty.
In his book, Siegel talked about the future of digital platforms without apps. Siegel’s discussion focused on the use of personal data lockers.
In his comment on personal data lockers, Twenty Thirty co-founder Yogesh Gaikwad said:
“There are a lot of platforms now, and those platforms mostly belong to companies. But what if you had your own secure personal platform? What if you had a digital assistant that did everything for you without having to go to each app, log in, and work within that silo? And what if no company owned that platform?”
Twenty Thirty aims to generate about $50 million from its ICO, which is scheduled to end on July 17, 2017. The fund will be partly used in the construction of a blockchain-only innovation center in London, England.
The company also plans to launch an initial version of Pillar that will support digital assets such as health records, resume, ownership of things, money, and financial records. The assets will be stored on multiple blockchains. The cryptocurrency wallet will also have a virtual assistant to allow user interaction with the platform.