| Founded | 2017 |
|---|---|
| Closed | 2018 |
| Country | Sweden |
| Sector | Crypto |
| Collapse type | Sudden Collapse |
Kowala
"Swiss algorithmic stablecoin protocol shut down 18 months after $30M ICO"
Unexpected shutdown within weeks of a trigger
Key Events Timeline
Kowala raised $30M in a 2018 ICO to build kUSD, an algorithmic stablecoin that maintained its peg through a mining-based supply adjustment mechanism.
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