Blockchain software provider Blockstack plans to raise $50 million through sales tokens

According to Coindesk, Blockstack, a New York-based blockchain software provider, announced plans to raise $50 million through sales tokens, which will use the US Securities and Exchange Commission (SEC) regulations for A + crowdfunding exemptions. Although the move still requires regulatory review, the sale will enable Blockstack to raise funds in the US securities market through its subsidiary Blockstack Token LLC. It is reported that Blockstack Token LLC will sell a token called Blockstack stack (STX), which is more flexible than IPO.