Today news
About the same in other media
Telos raises $8M funding before EVM launch to avoid token sales
Reading now: 957
Blockchain platform Telos raised $8 million in funding led by ConsenSys and Polygon investor John Lilic. The funding was secured right before the launch of Telos’ Ethereum Virtual Machine (EVM) platform, ending the company’s ongoing streak of bootstrapped initiatives.
Telos aims to redirect the recently secured capital on the platform’s development and marketing in addition to improving the liquidity of the ecosystem “without needing to resort to TLOS token sales in the event of a prolonged bear market over the next year.” According to Telos chief architect Douglas Horn:
Speaking to Cointelegraph about moving away from token sales, Horn said that Telos aims to prevent centralized ownership, which eventually leads to whale trades as the
Read more on cointelegraph.comAbout this in other media
Nifty News: $2.5M virtual land sale, MetaSoccer raises $2.2M, CryptoDragons get Egg-cited cointelegraph.com /2 years ago
New Zealand interest rate hike raises pressure on central banks over inflation theguardian.com /2 years ago
STZ token raises US$3 million from Animoca Brands, Polygon, Stanley Choi, Gate.io Labs, ZB Capital, others cryptonews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
