
With so many crypto projects being launched, founders are now looking beyond “traditional” crypto fundraising options.
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The big funding came via private sale, pre-sale, and the token’s IDO, which sold out in under an hour.
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The Solana Foundation says bots spammed the Grape Protocol IDO on Raydium with 400,000 transactions per second, bringing the network to its knees.
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Kraken CEO Jesse Powell is having second thoughts about a direct listing in light of Coinbase going public, and is potentially leaning towards an IPO instead.
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Initial DEX offerings have a fair bit in common with initial coin offerings but come out on top in cost, effort, and fairness.
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CSPR appears to be following DOT’s route to success as its IOU token latched on to the bull market’s momentum and rallied 2,300% before it’s even listed on major exchanges.
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