TechFlow News On January 9, the community-led Project Serum Foundation completed a $75 million token sale, with participation from Tiger Global, Commonwealth Asset Management, Tagus Capital, Golden Tree Asset Management executives, and several other investors. JHL, a contributor to Project Serum, stated that this token financing round allowed investors to acquire a diversified portfolio of tokens at a 15% discount compared to market prices. The tokens include Serum (SRM), Solana (SOL), Raydium (RAY), Bonfida (FIDA), Oxygen (OXY), Maps.me (MAPS), and Liquid Finance (LQID)—all part of the Solana and Serum ecosystems. Investors will also face a 6-year vesting period, consisting of a 1-year lock-up followed by a 5-year linear release. Additionally, JHL noted that the fundraising round is still ongoing, with the Project Serum Foundation planning to raise an additional $25 million. The foundation intends to allocate 15% of the newly raised funds toward developing the Serum ecosystem, while the remainder will support Project Serum's growth initiatives, such as hosting hackathons and recruiting talent.
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