Basic Definition of CFI and Cofound.it
Cofound.it (CFI) is a decentralized startup ecosystem and crowdfunding platform built on the Ethereum blockchain. Its core objective is to connect blockchain startups, investors, and industry experts, aiming to establish a collaborative network as an alternative to the traditional venture capital (VC) model. This allows community members to more directly participate in and support the incubation and evaluation of early-stage blockchain projects.
Token Issuance and Crowdfunding Background
The CFI token is the utility token within this ecosystem. According to historical public data, Cofound.it's initial coin offering (ICO) took place in mid-2017, raising approximately $14.82 million at the time. Due to varying reporting criteria for relevant historical data, some statistics indicate that its total supply or initial plans may have differed, but it underwent significant market changes during its subsequent operations.
Project Status and Outlook
With changes in the blockchain regulatory environment, the overall ICO market cycle, and the project's own operational adjustments, Cofound.it officially announced the closure of the platform and the cessation of token support between 2018 and 2019, while gradually distributing remaining assets to token holders. Currently, the project has ceased normal operations. For such historical projects that have ceased operations, their tokens no longer possess active trading or ecosystem support, and related asset movements and market participation carry extreme risks.
