Cryptocurrency Project Tezos Launches A Major Version Of Its Network

The Tezos cryptocurrency project is preparing to launch the main version of its network, which underlies the new virtual token.

In July 2017, the Tezos fund raised 232 million US dollars to create a network and issue a new type of cryptocurrency for its supporters in one of the largest in the history of initial coin offerings and launched the initial version of the network one year after several months of delays, reports Reuters.

As reported by the fund, Tezos plans to go to the full version – mainnet.

This launch would mark a multi-scale achievement in a project overshadowed by internal strife and delays. Tezos continues to face litigation in the United States of America and the threat of increasing the level of regulation of the nascent sector of the cryptocurrency. In addition, several group suits were filed against the organizers of the project in the United States claiming that the collector violated federal securities laws and deceived investors.

Tezos fundraising was structured as a donation, although some participants say they believed it was an investment.