ZEBBUG, MALTA / COINTELEGRAPH / November 25, 2021 Ethernity CLOUD completes the third round of its public token sale with $ 3.53 million raised by over 5000 participants. The price of the token is $ 0.0506.

Etherity CLOUD is one of the few blockchain projects that focus on data protection. Its goal is to build a 24/7 network that supports private and decentralized computing processes based on the ETNY token exchange.

During the first two rounds in September and October 2021, Ethernity CLOUD sold the allocated tokens in just two hours, five hours and 15 minutes, respectively, after the opening round. The amount raised was $ 135,000 in the first round and $ 950,000 in the second.

For those who missed it, the third round offers another opportunity to invest in this privacy-conscious project. Anyone who prefers a minimum investment of $ 100 will be allowed to run a node in the future. This has helped Ethernity achieve a high level of decentralization worldwide, one of the main goals of the project.

The third round of public token sales ended on November 24th at 7 a.m. UTC. By then, Ethernity CLOUD has raised $ 3,538,900 from 5,064 backers.

The ETNY token does not have a fixed price. The team decided to allow the market to formulate it really democratically – the final price is calculated by dividing the final amount by the number of tokens available. The final price is calculated at $ 0.0506.

Iosif Peterfi, founder of the Ethernity CLOUD:

“I would like to thank everyone who supported our project in this final round. It really shows that our concern about privacy is shared by many people and it drives us to keep pushing it and get great results. ”

What happens next for the Etherity CLOUD?

The project is now in the development phase. This means the team will be working on building a decentralized cryptographic ecosystem that will run on the mainnet. Etherity CLOUD currently has a proof of execution that is executed in the test network. The construction and development of the mainnet will take 1-2 years, depending on the specification.

You can follow the Etherity Cloud on Twitter, Facebook or join their community on Telegram.