### #ETHBreaks3700: A Historic Event in the Ethereum Journey

In July 2016, the world of cryptocurrencies witnessed a pivotal event with the presale launch of **Ethereum's** currency "Ether" (ETH). In just the **first 12 hours**, the project managed to raise **3,700 Bitcoins** (equivalent to ~2.3 million dollars at that time), achieving unprecedented demand that laid the foundation for the "Web 3.0" revolution.

#### Why is this number important?

- **Development Funding**: These waves helped accelerate the building of the Ethereum platform, which aims to create an environment for "decentralized applications" (dApps). Funds were raised through the sale of 7.4 million Ethers, with 5,000 Bitcoins made available immediately to support development.

- **Innovative Mechanism**: The sale followed a dynamic pricing model: starting at **2,000 Ethers per 1 Bitcoin**, the price gradually increased to 1,337 Ethers on the last day. The process lasted 42 days, ending in September 2016.

- **Legal and Technical Challenges**: The team revealed difficulties they faced, such as legal complexities in the United States and Switzerland, and securing the technical sale, which led to a 6-month delay in the launch.

#### Legacy of #ETHBreaks3700:

It was not just a number, but a testament to the community's trust in **Vitalik Buterin's** vision, which transformed Ether into the second-largest cryptocurrency globally today. This event reminds us that innovation requires community support, and that challenges may delay success but do not prevent it.