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CGU raises $2.5 million USD for start-ups in the Third Public Round

press release

PRESS RELOAD. A crypto platform Crypto Gaming United (CGU), which has joined the crypto exchange TimeX on the 18th of october, made $2.5 million in a record-breaking six seconds since public token trading began. Sergei Sergienko, a Russian crypto-currency and blockchain app entrepreneur, is one of the co-founders.

CGU works on the principles of ubereconomy. Gamers don’t have to spend any money on NFT-characters. In exchange for a portion of their daily income, the platform rents them to players. The games reward players with an income proportionately to their skill and performance in the game.

The third and final round of investment was the open market sale GCU tokens. For context, previously the seed and pre-IDO rounds had ended at $5 million and $10 million respectively. These tokens have a 3-year rights transfer schedule and a block period. CGU tokens can now only be purchased on the secondary market.

There were 10 million the GCU tokens available for sale in total, at the price of $0. 25 each. All tokens were sold within 6 seconds of the market opening.

“Success of every project is always measured by the market. We didn’t expect the demand to be so high that we could sell all of the tokens in 6 seconds. This makes it more enjoyable to recognize the importance of CGU’s gaming crypto platform to the market and to feel support from the community,” Sergei Sergienko, co-founder of CGU, notes.

According to Sergei, the next step for CGU is to commit to the plan published in the token’s emissions prospect. The company plans to increase the number active players on the platform by one hundred thousand within the near future. CGU and DAO communities will be created and developed with the funds.

Overall, Crypto Gaming United attracted $17.5 million during the 3 investment rounds. The total volume of CGU’s emission is 1 billion tokens, 26% of which belong to investors.


This is a press release. This is a press release. Readers are responsible for their own research before making any decisions about the promoted company, or any of its affiliates. Bitcoin.com does not assume any responsibility for any loss or damage caused by the content, goods, or services mentioned in this press release.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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