FOGO project financing achieves impressive results. The project’s private sale event on a leading exchange Prime concluded yesterday, with a subscription multiple of 40 times.
Key financing data overview: 2% of token supply involved in pricing, corresponding to a $350M USD valuation, total financing amount of $7,000,000 USD(BNB valuation), with a maximum allocation of 6 BNB per user. The project team subsequently completed Spot listing on the exchange.
This is the third pre-TGE private sale event on the Prime channel of this exchange this year. The high subscription rate reflects market recognition of the project’s popularity and also confirms the attractiveness of participating in early-stage projects through top-tier platform Prime channels.
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RumbleValidator
· 01-13 14:52
A 40x subscription sounds exciting, but with only 2% of the supply priced... you need to carefully calculate the actual dilution ratio.
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MEVEye
· 01-13 14:39
40x subscription? Alright, here we go again with another leek-cutting show...
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BearMarketBard
· 01-13 14:35
40x subscription? It's another feast of cutting leeks. These numbers seem way too outrageous.
FOGO project financing achieves impressive results. The project’s private sale event on a leading exchange Prime concluded yesterday, with a subscription multiple of 40 times.
Key financing data overview: 2% of token supply involved in pricing, corresponding to a $350M USD valuation, total financing amount of $7,000,000 USD(BNB valuation), with a maximum allocation of 6 BNB per user. The project team subsequently completed Spot listing on the exchange.
This is the third pre-TGE private sale event on the Prime channel of this exchange this year. The high subscription rate reflects market recognition of the project’s popularity and also confirms the attractiveness of participating in early-stage projects through top-tier platform Prime channels.