๐๐๐ ๐๐๐๐ง ๐๐ข๐ฅ ๐ฌ๐ข๐จ ๐๐น๐ถ๐ฐ๐ธ ๐ง๐๐ผ ๐ ๐ ๐ฃ๐ถ๐ป๐ป๐ฒ๐ฑ ๐ฃ๐ผ๐๐๐ ๐๐ป๐ฑ ๐๐ฒ๐ ๐ฅ๐ฒ๐๐ฎ๐ฟ๐ฑ ๐จ๐ฝ๐ง๐ผ 10$ USDT๐๐ฐ๐
Shiba Inu Raises $12M Through Treat Token Sale ๐ค๐ค
๐Shiba Inu team secures $12 million via TREAT token sale to non-U.S. investors like Polygon Ventures.
๐The lead developer, Kusama, clarifies the investor base amid queries about U.S. involvement.
๐TREAT is a utility and governance token for Shiba Inuโs Layer 3 blockchain.
The team behind the Shiba Inu memecoin has secured $12 million by selling its unreleased token, TREAT, to non-U.S. venture capital investors. The fundraising campaign, which started several months ago, witnessed participation from investors such as Polygon Ventures,
Mechanism Capital, Big Brain Holdings, Woodstock Fund, and DWF Ventures,
Questions arose regarding the involvement of U.S.-based investors such as Mechanism Capital and Shima Capital. However, Shytoshi Kusama, the lead developer, clarified that despite appearances, none of the investors are based in the U.S., although full entity names remain undisclosed.
Kusama refrained from providing specific details regarding the valuation but indicated that the fundraising was conducted in tranches. According to a source familiar with the matter, these tranches occurred at valuations of $75 million, $100 million, and $200 million, respectiveโฆ
Source ; Coin Edition
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