Blockchain-the Polkadot project intends to raise up to $60 million through the second ICO, reports the Wall Street Journal, citing its own sources.

According to them, in case of success, re-ICO total value of tokens of the project, including those that are not in circulation, could reach $1.2 billion.

Earlier Polkadot raised over $145 million during the initial offering of coins held in October 2017. However, soon after startup in the cryptocurrency Ethereum at $98 million were blocked in multisig-purse Parity.

Polkadot is a Protocol of exchange and transformation of information between heterogeneous blockchain systems. It was designed by co-founder of Ethereum and Parity Technologies Gavin wood (Gavin Wood) under the auspices of the Swiss Foundation Web3 Foundation. The launch of the core network Polkadot expected in the third quarter of 2019.

Recall that according ICObench completed in the first half of January, the ICO projects have attracted a total of $160 million, of which 50% has assembled one of them.