At noon on December 6th of this year, the Spanish company Trazable with its token TRZ. the first stage of the Initial Coin Offering (ICO) carried outwhich brought in more than one million euros within four hours.
For this first batch Trazable had quoted 75 million TRZ tokens at 0.015 euros, which enabled the company to receive 1,125,000 euros in the total sale of TRZ tokens.
This was the first appearance of the token in front of the Spanish community, who welcomed it in a pleasant way. Against this background, the CEO and co-founder of Trazable, Pablo Rodrigo, commented in a press release: “With this milestone, we are showing that there are technology-based projects in Spain that are revolutionizing the market”.
The company is currently preparing the second stage of its ICO, which has a date for the next December 13th. This second phase will have the same amount of TRZ tokens as the first, 75 million; with the difference that they are traded at 0.02 euros on the next opportunity. Trazable is said to receive 1,500,000 euros from the total sale.
In this gap between the first and the second phase, however, there is 1The Spanish company has a cash collection of 1.6 million euros from the total sale of 125 million TRZ tokens.
Also commenting on the adoption by Spanish society, Trazable’s CTO and co-founder Lucas Salinas said: â ???? We are creating a new community, people who believe in our project and the future of food traceability, this is how the crypto community transmitted it to us with the receipt of the TRZ tokenâ ????
Trazable is a Spanish company dedicated to food traceability in the European country, using blockchain technology to ensure the quality and transparency of food products and launched the TRZ token in relation to what was published on its web portal for â ????the automation of the production chain. In addition, they want to use the token to create a relationship between the company and the end consumer and thus strengthen trust and security.