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 […]

Subscribe to The Block News+ to
Unlock this Feature

Choose Your Plan

Save $ vs. paying monthly


per year
Join Now


per month
Join Now


If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.

Related Reading

Binance Helps Take Down Cybercriminal Ring Laundering $500M in Ransomware

Over the past year, Binance has expanded its in-house AML detection and analytics capabilities. Based on research and analysis, as well as an understanding of cybercriminals' history and cashout tactics, Binance arrived at the conclusion that the biggest security problem in the industry today is money connected to cyberattacks being laundered through nested services and parasite exchanger accounts that live inside macro VASPs, including exchanges like
Read Full Story
Sponsored Post

Okcoin is launching SATs mode as part of wider retail push

  Okcoin, which was founded in 2013, is doing something different in a crowded field of crypto exchanges: it’s going to allow clients to denominate trades in bitcoin in units of satoshi, rather than BTC.  On this episode of The Scoop, Okcoin CEO Hong Fang joined host Frank Chaparro for a discussion on Okcoin’s rapid […]
Read Full Story
Sep 27, 2021, 5:27PM UTC