TechFlow news, July 20, institutional yield and cross-chain lending brokerage service infrastructure TownSquare announced the official launch of its ICO public sale. This public sale is technically supported by the Echo Sonar platform from the Coinbase ecosystem. The valuation is divided into two tiers: a $150 million valuation based on a 6-month lock-up, and a $200 million valuation with no lock-up and full release at TGE, capped at $1 million. Currently, 30 minutes after the public sale opened, over $200,000 has been raised. According to data, most users chose the second tier with the $200 million valuation.
This public sale is the first project based on the Monad ecosystem on Sonar, supporting USDC and USDT0 tokens on Monad.
Previously reported, TownSquare has completed a total of 3 rounds of financing totaling $16.25 million, with participation from World Liberty Financial, Auros Ventures, Amber Group, Animoca Ventures, OKX Ventures, as well as angel investors and institutions from ecosystems such as Monad and a16z. It is projected that the previous valuation is comparable to this ICO valuation.
TownSquare Sonar Public Sale Registration: townsq.xyz/sale
