Simdaq, a Moscow, Russia-based community trading platform, raised $5m in its Initial Coin Offering.
The sum was raised in 28 hours.
Led by CEO Evgeniy Dubovoy, Simdaq aims to democratize crypto trading, by sharing insights and information, as well as allowing community members to back-test strategies using historical data and create trading bots using their own algorithms.
The company’s team also includes Vladimir Levitin, Alexander Usikov, Saveliy Bobov, Evgeny Levitin and Yaroslav Levichev.
Simdaq is a participant in Waves Lab incubator, which provides startups with financial, legal and technical advice, as well as marketing assistance.