Crypto startup Polkadot (DOT), created by Ethereum (ETH) co-founder Gavin Wood, is planning an initial coin offering (ICO) aiming to raise up to $60 million, the Wall Street Journal (WSJ) reported Jan. 24.
Citing sources familiar with the matter, the WSJ reports that, if successful, Polkadot’s token sale would bring the fully-diluted market value — or the value all tokens in circulation, plus as those not issued — of its tokens to $1.2 billion.