Entering the Scene
Anyone who knows anything about the tech space and definitely the cryptocurrency space knows that it either takes a long time to make it big or it happens in no time at all. Despite the bear market phase Gather acted fast and smart and completed the MVP prototype phase in just one year. The end result was a good exchange and some very strong partnerships. This is going to mean a lot of great things for the company in the future as well since they’re already starting out strong.
Today Gather has already onboarded 200+ publishers, including multiple notable partners from different industries to its early adopters program. The partners that they’ve taken on are there to help improve the reception of the company and to provide them with added features and capabilities right from the outset.
Some of the partners that the company has welcomed include Ferrum Network, Godrej Industries Limited,Moonrock Capital, Decentr, Luxcore, ASAP Industry, Hashr8, Metalyfe, Cryptolocally, Chromia and Dia. They’ve also taken on an ambassador in Crypto Krillen.
Private Sale Raise
In order to get started within the field, Gather Network Project first needed to execute a successful raise and they were actually more than successful. They were aided in this process by several venture capital firms that included Bitscale Capital, TRG Capital, Master Ventures and LD Capital. Throughout the course of the sale the platform was actually far more successful than expected, ending oversubscribed by over 25x. Even better they were able to raise $960,000.
After this private sale and the amount of demand that was made, the company has actually decided to cancel their public sale and instead transition to the centralized exchange. Tokens that were originally being held specifically for the public sale were used during the private sale to make sure that they were able to meet the demand as closely as possible. This is not all good news, however, as canceling the public sale means that the company has potentially lost out on $62,500 and that they have now lowered their initial market capitalization.
When it’s Coming
Gather currently has completed its Beta as well as its private sale. They’ve canceled their public sale and are focusing on getting things up and running, but it’s still going to be a little while before it’s complete. They expect to be live with their mainnet and fully functional with their features in the first quarter of 2021.