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TechFlow reports that Layer 1 blockchain Flare has completed a $35 million private placement round, with participation from Kenetic, Aves Lair, and others.
Early investors in the project have voluntarily agreed to extend token allocations from 2024 to the first quarter of 2026. A daily selling cap of 0.5% of trading volume has also been implemented to mitigate market sell-off pressure.
Layer 1 blockchain Flare has completed a $35 million private placement, with participation from Kenetic, Aves Lair, and others. Early investors in the project have voluntarily agreed to extend their token allocations from 2024 to the first quarter of 2026. Additionally, a daily trading volume cap of 0.5% has been implemented to mitigate market selling pressure.
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