To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8506/132492_b35802dc643b0b5b_001full.jpg
The private part of the raised includes $9.5M, collected from a large number of major venture funds. The round was co-led by Dragonfly Capital and Polychain Capital. Other funds who joined include Mechanism Capital, Amber Group, Coinbase Ventures, Jump Crypto, Alameda Research, Lemniscap and others.
Several prominent angels also joined, such as Alex Shevchenko, CEO of Aurora; Julian Koh, Co-Founder of Ribbon; Bobby Ong & TM Lee, CoinGecko Co-Founders; Alex Svanevik, Nansen; Etherscan's Matthew Tan; and Santiago R. Santos.
A later Initial Exchange Offering on Kucoin, Bybit and Impossible Finance saw 5% of total supply sold for $2.5M. All raises were conducted by offering PLY, the governance token of the Aurigami platform.
Aurigami is an overcollateralized lending platform allowing users to supply crypto assets and borrow them to obtain leverage. Unlike similar protocols, Aurigami places heavy emphasis on gamification. One of its key innovations is the concept of "Locked Liquid Tokens" (LLT), which allows the project to attract liquidity without creating instant selling pressure. PULP, the LLT for PLY, is a token that acts as a claim of PLY in the future.
The $12M raise grants Aurigami a sizable treasury and runway to continue developing the platform, including expanding on the LLT concept and driving Aurora ecosystem growth such as...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...