Token Sale

mango

Solana DEX Mango Markets Raised $70M in Token Sale

Mango Markets, a decentralized exchange (DEX) on Solana, raised $70M from the sale of its governance token $MNGO.  Over a two-day sale period ending on August 11, buyers claimed 500M $MNGO tokens, in what the team called a “fair launch.”  Mango tokens give holders entry to the Mango DAO that governs the Mango Markets protocol. …

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ygg

Yield Guild Games Raises $12.5M in 31 Seconds on Token Sale

Yield Guild Games, an investment DAO focused on the use of NFTs in virtual worlds and blockchain games, raised $12.5M in 31 seconds on July 27.  The launch, which happened on Sushiswap’s Miso token launch platform, caused a frenzy as only 32 wallet addresses bought up 25M of the DAO’s YGG tokens in the span …

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Weed, Cats and NFTs: New Animated Series Combines All Three

A new NFT project, backed by some real star power, will have you burning green in more ways than one. “Stoner Cats” is an upcoming series of animated shorts about, well, house cats high on marijuana. And it will only be available to those who drop some greenbacks on its unique, algorithmically-generated NFTs.  The series …

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Gnosis Auction Aims to Solve ICO Volatility

DeFi market mechanism developer Gnosis is launching Gnosis Auction, a tool intended to solve initial price volatility for new ERC-20 tokens. Gnosis Auction combines batch auctions with limit orders. Projects launching new tokens will be able to use Gnosis Auction to set up batch auctions, wherein founders set the lowest price they’re willing to sell …

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Fei Roils Early Adopters As Stablecoin and Token Tumble After $1.3B Sale

Fei Protocol was one of the most anticipated project launches this year –– an algorithmic stablecoin backed by heavyweights like Andreessen Horowitz and Coinbase Ventures–– and it raised funds accordingly, attracting an eye-popping $1.3B in ether over the weekend. But it’s all spiraled down from there. The high of the sale was immediately tainted by …

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MetaFactory Distributes Ownership Via ROBOT Token

What happens when you create a fair launch governance token for a community-owned digi-physical brand apparel platform? You get $ROBOT. MetaFactory, which produces limited edition  wearables for crypto designers advancing Web3 culture, is distributing the ownership of the project via a token called ROBOT. The initial token distribution of 39k ROBOT went to the 43 …

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DeFi Protocols Are Testing New Token Sale Mechanisms

DeFi protocols Perpetual and Hegic are listing their tokens with new distribution mechanisms aimed at reducing front running and price speculation. Perpetual Protocol, a decentralized perpetual contract trading protocol that allows up to 20X leverage on long and short positions, will be the first DeFi project to list its token via a Balancer Labs-based Liquidity …

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