Axon Partners is advising Dao.Casino on fundraising for its project to build a new gaming industry infrastructure based on blockchain.
According to Axon Partners, Dao.Casino "is raising money for project development using a revolutionary investment vehicle: A Token Sale Campaign. During the first bidding hour, the company raised the equivalent of USD 9.5 million, and in total raised the equivalent of USD 18 million.
According to Axon Partners, "starting from choosing a jurisdiction for incorporation, right until successfully raising funds, we have been proud to partner with such a ground-breaking project. On the face of it, a Coin/Token Offering on Blockchain seems to fall outside of any regulatory framework. However, this is a popular misconception. The main risks of using this investment vehicle include licensing, financial markets regulation and international tax treatment."
The firm's FinTech team of Nazar Polyvka, Orest Gavryliak, and Vlad Likhuta worked on the matter.
