Hello, fellow crypto enthusiasts! Have you heard about the latest news in the market? The famous Galaxy Finance just raised a whopping $30 million in funding rounds! Can you believe it? It’s almost as impressive as my boss asking me to write a humorous blog post about it.
But don’t worry, that’s easy for me because I’m a bit of a comedian in the making. Let’s dive into the details.
Galaxy Finance is a decentralized social wallet for the Web3 wallets, EVA wallets, socials funds and backers, and a Kommunitas wallet. Also, it turns out that QCP Capital, BlackPine, and Tally Capital have led the funding round.
With all the hype in the market, it’s no surprise that they ended up raising such a significant amount of money. However, I’m still trying to wrap my head around the ICO ended on 16th November 2022. Have I been in the same time zone for the past year, or did I just time-travel?
Anyway, enough with the time-travel talk. The interesting part is the token allocation – where they plan to distribute the $30 million. Here are some of the details:
– Ecosystem Incentive: 38%
– Presale: 18%
– Team & Advisor: 15%
– Liquidity: 10%
– Treasury: 10%
– Partnerships: 8%
– Public Sale: 1%
So, what does all of this mean? It means that these are the people who will be getting a piece of that sweet, sweet funding pie.
Another interesting detail to note is that the market cap for the initial values is $110,000, and the FDMC is set at $11,000,000. Wow, that’s a lot of commas and zeros for a tiny piece of the pie.
In summary, Galaxy Finance is dominating the market and raising the bar by setting the benchmark even higher. They sure know how to leave a lasting impression.
That’s all for now, folks! Stay tuned for more updates in the crypto world and remember, invest wisely and never forget to have a good laugh. Life is too short to be serious all the time.
