COBIE'S ICO PLATFORM SONAR GOES LIVE WITH PLASMA

Summary from the TLDR Crypto newsletter

Sonar, Echo's platform for Initial Coin Offerings (ICOs), has launched with Plasma's XPL token as its debut sale, raising $50 million at a $500 million fully diluted valuation. Pre-deposits open June 9, followed by a public sale available worldwide, with U.S. investors subject to a 12-month lockup and most others to a 40-day lockup. Plasma is a Bitcoin sidechain fully compatible with the EVM and is in private testnet ahead of a public testnet and late-summer mainnet launch. This is the first major ICO in several years and represents a shift in the regulatory landscape and appetite for consumer participation in early project stages.