• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Altcoin

Layer-1 Blockchain Avalanche (AVAX) Announces $250,000,000 Token Sale Ahead of Upcoming Upgrade

n70products by n70products
December 14, 2024
in Altcoin
0
Layer-1 Blockchain Avalanche (AVAX) Announces $250,000,000 Token Sale Ahead of Upcoming Upgrade
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Ethereum (ETH) rival Avalanche (AVAX) has raised $250,000,000 from a locked token sale led by Galaxy Digital, Dragonfly and ParaFi Capital.

In keeping with a brand new announcement, Avalanche says that greater than 40 corporations participated within the sale, together with SkyBridge, Hivemind and Morgan Creek Digital.

A locked token sale means the tokens offered have sure vesting or lock-up durations.

The proceeds will go towards supporting the blockchain’s improve known as Avalanche9000.

“The inflow of capital follows the launch of the Avalanche9000 testnet, a key milestone that paves the way in which for the upcoming mainnet community improve on Monday, December sixteenth, which can cut back Avalanche layer-1 (L1) deployment prices by 99.9%, in addition to decreasing transaction prices on the established C-Chain by 25x.”

The mission expects the improve to extend community utilization throughout a number of crypto sectors.

“Avalanche9000 is driving the following technology of scalable, purpose-built L1 blockchains. Greater than 500 L1 chains are already in improvement throughout sectors like tokenization of real-world property, loyalty and rewards, gaming, funds and institutional packages.”

Jason City, Galaxy’s world head of buying and selling, says the funding will enhance blockchain expertise innovation.

“Our assist of Avalanche, and the expansion and scalability of blockchain protocols, is important to the way forward for this trade. At Galaxy, we’re offering Avalanche with the strategic assets and providers wanted to foster institutional participation and long-term progress, guaranteeing they will lead the following wave of blockchain adoption with Avalanche9000.”

AVAX is buying and selling for $52.51 at time of writing, up 9.4% within the final 24 hours.

Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox

Test Price Action

Comply with us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Get Alerts

Disclaimer: Opinions expressed at The Every day Hodl usually are not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any losses chances are you’ll incur are your duty. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please observe that The Every day Hodl participates in internet online affiliate marketing.

Generated Picture: Midjourney





Source link

Tags: aheadAnnouncesAvalancheAVAXBlockchainLayer1SaleTokenUpcomingUpgrade
Previous Post

Bitcoin’s volatility vs. MicroStrategy’s $94B goal: Which one will prevail?

Next Post

The 1.x Files: GHOST in the Stack Machine

Next Post
The 1.x Files: GHOST in the Stack Machine

The 1.x Files: GHOST in the Stack Machine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Ethereum’s 60% May rally pauses: What’s next as THIS group cashes out?

Ethereum’s 60% May rally pauses: What’s next as THIS group cashes out?

May 23, 2025
Coinbase stock breaks $300 for first time since 2021

Coinbase stock breaks $300 for first time since 2021

November 11, 2024
U.S. plans to build Bitcoin Reserve without taxpayer funds – Bo Hines explains

U.S. plans to build Bitcoin Reserve without taxpayer funds – Bo Hines explains

March 19, 2025

Recents

Bitcoin Sharpe Ratio Says It’s Time For ‘Cautious Optimism’ — Further Upside Growth Incoming?

Bitcoin Sharpe Ratio Says It’s Time For ‘Cautious Optimism’ — Further Upside Growth Incoming?

June 1, 2025
Major crypto hacks fell 40% in May, says PeckShield

Major crypto hacks fell 40% in May, says PeckShield

June 1, 2025
XRP Multi-Timeframe Breakdown: Here’s What Comes Next

XRP Multi-Timeframe Breakdown: Here’s What Comes Next

June 1, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high hits Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version