TechFlow News — Axelar, a Cosmos-based cross-chain interoperability protocol, announced it will officially launch its AXL token tomorrow. A total of 1 billion AXL tokens will be minted during the genesis period, with approximately 30 million AXL in circulating supply on day one. Additionally, Axelar conducted a community sale for AXL via CoinList earlier this year in March and will not conduct any new token sales or airdrops at the time of this launch.
Notably, Axelar raised $25 million in a Series A funding round led by Polychain Capital last July. In February this year, the project completed a $35 million Series B round, achieving a $1 billion valuation. Source link
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