Verge (XVG) Surges 17% as Funding Target Is Met, Developers Stall Partnership Announcement

As covered by Ethereum World News, privacy-oriented cryptocurrency Verge (XVG) launched a crowdfund contest to help raise 75 million XVG, worth about $3.4 million, so it could establish a mysterious partnership. The funding target has now been met, but reports suggest developers are delaying revealing who the mysterious partner is.

Verges fundraising appeal claimed that the partnership was with a global organization with a vast network of super high traffic sites. They added it could see XVG become one of the top 10 cryptocurrencies as it would be used as a form of payment by potentially hundreds of millions of consumers daily.

The funding target was met thanks to another cryptocurrency project, TokenPay, which matched donations until 50 million XVG was met, after donating 15 million itself. Meeting the goal saw the cryptocurrencys price surge by 17% at press time, as one token is now trading at $0.045.

Shortly after the goal was reached, Verge stated it had some amazing news to share with everyone. Hours later, its Twitter account pointed to its lead developer, Sunerok, claiming he would be posting a video about the update in the morning. At press time, no video has been uploaded.

On Reddit, the Verge community is seemingly restless waiting for an upcoming announcement. A now-deleted video shows the cryptocurrencys developer talking about the update, and claiming the name of the mysterious partner will be announced on April 16, along with a global marketing campaign the likes of which you have never seen before.

Initially, the name of the projects mysterious partner was set to be announced on March 26, or presumably after the target was met. In the video, Sunerok claims the campaign will change crypto in a really good way.

The crowdfund is still open, as per the developer any extra funds donated will be used in marketing efforts. Blockchain data shows the community managed to donate 76.2 million XVG, worth about $3.46 million.

On Reddit, one user claimed two threads about the video have been deleted. He theorizes that either somethings up, or the video was released prematurely and the subreddits moderators are just keeping things under control. On another thread, a user said:

There are a lot of questions and expectations going around, again, I get it. But at this point in time we really dont have any information. Just hold on, and sit tight.

The post Verge (XVG) Surges 17% as Funding Target Is Met, Developers Stall Partnership Announcement appeared first on Ethereum World News.

27.03.2018 / 04:50 124
Verge Hits Crowdfund Target, Price Spike Follows Verge Hits Crowdfund Target, Price
[b]Like most altcoins, Verge has had a pretty dire year. The cryptocurrency shot to fame in mid-December by promising revolutionary new privacy tech
Verge Mystery Partnership Saga Deepens, 19 Million XVG Donated Verge Mystery Partnership Saga Deepens,
Privacy focused cryptocurrency Verge has had a rough year. The token literally went to the moon in December when it shot up over 3000% in just ten
Misleading Cryptocurrency Partnership Announcements Are Getting Ridiculous Misleading Cryptocurrency Partnership
Partnership announcements have long been a tool for pumping altcoins and shilling ICOs. In fact, promoters are now interpreting the term so broadly
Verge Launches Crowdfund Contest in Bid to Establish Mysterious Partnership Verge Launches Crowdfund Contest in
Privacy-oriented cryptocurrency Verge (XVG) recently asked its users for 75 million XVG (worth about $3.19 million) so it could establish the
Coinbase In Talks to Buy Bitcoin Startup Coinbase In Talks to Buy Bitcoin
Coinbase may be on the verge of its biggest acquisition yet. According to sources close to the situation, the San Francisco startup, which has raised
Asian Altcoin Trading Roundup: Top Cryptocurrency is Verge Asian Altcoin Trading Roundup: Top
FOMO Moments After a few days of solid gains and good momentum the markets are sliding back downwards once again. Sparked by fears of a clampdown on
Comments (0)
Add a comment
Comment on