The Tezos ICO ended in July of 2017, raising a total of $232 million, making it the largest ICO of its time. It is a platform for smart contracts and digital applications. It uses a delegated proof-of-stake governance system that allows users to give their voting rights to a delegator that is paid to maintain the network and its ledger. Rewards are split according to the delegator’s rewards and the split of the voting delegation. In September of 2018, Tezos finally launched their mainnet after controversy regarding the locking of ICO funds by the Tezos Foundation, the foundation in charge of Tezos finances.
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