Blockchain-based marketing platform HOQU announced closing of the Private Placement campaign started on October 6. Within short period the project managed to get 11 large investors and raised funds up to 2311 ETH that is around $785,000 (as of 13th October pirce).

Most investments were invited during the ASROC Conference on Cryptocurrencies and Gaming in London hold on October 9. The net proceedings of the Private Placement are expected to be used for general working capital purposes.

The next step would be a pre-sale campaign planned on October 30. During the pre-sale 7,000 HOQU tokens (HQx) could be purchased for 1 ETH including 40% bonus.

HOQU is the first decentralized affiliate platform that combines a performance marketing model and blockchain technology. HOQU allows merchants to create their own affiliate programs and networks. To affiliates, the new eco-system offers a decentralized money-making solution and direct interaction with merchants. By using Ethereum-based smart contracts, HOQU ensures transparent and fair transactions between all its participants. HOQU has the power to cut advertising costs by up to 44%, saving more than $88 bln a year.


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