Raiden ICO: A Public Coin for the Off Chain Scaling Service

The Raiden Network is a development for Ethereum that seeks to move transactions off the ETH blockchain, making it more efficient for user and making the blockchain faster. It involves creating smart contracts between users so they can exchange funds between each other, and the overall balance is only settled when one of the contract is closed again, similar to how the Lightning Network works on Bitcoin, Litecoin and others. The release of the update with an ICO to help pay the developers has ca