According to regional reports, the Russian darknet market Hydra is planning an initial coin offering (ICO) in order to expand the marketplace internationally. The sale is set to start on December 16 and Hydra administrators hope to raise $146 million from the token sale.

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Hydra ICO Plans to Raise $146 Million

The top darknet market (DNM) famous among Russian speaking users is hosting a token sale in a few days. The Hydra marketplace has been around since 2015 and the DNM claims to have 2.5 million active users with 100,000 daily transactions. The columnist Anna Baydakova discovered Hydra’s investment memorandum, which can only be accessed with an anonymized browser like Tor. Baydakova details that the Hydra ICO will sell tokens for $100 each and users can purchase them with BTC. Moreover, Baydakova’s report highlights that investors who purchase 100 tokens will get a 0.00333333 percent share from Hydra’s profits. The regional…

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Source: https://news.bitcoin.com/russias-hydra-darknet-marketplace-plans-146m-token-sale/