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Polkadot's sale of 500,000 tokens closes 'successfully,' foundation says in nod of confidence to $1.2B valuation

Quick Take

  • Polkadot, a next-generation protocol, has “successfully” closed a private sale of 500,000 tokens according to its managing foundation 
  • The Polkadot network was reported in January to be seeking a $1 billion valuation
  • The latest sale is said to be on track with previous estimates, despite rumours to the contrary
The latest Polkadot token sale has distributed 500,000 DOTs at a “successful” value, the protocol’s managing partner Web3 Foundation (W3F) has told The Block. Although the foundation did not specify how much it had raised, the sale is said to be on track with the protocol’s $1.2 billion valuation reported by the WSJ earlier this […]

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Oct 15, 2021, 2:54AM UTC
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