According to the announcement, a whopping 13,000 participants joined the effort.
Currency sales include two key parts: community sales and auctions. Community sales guarantee a decentralized distribution of customer currencies. Each customer gets 10,000 coins with a lock-up period of 2 years.
In the first year, the opening currency reaches 50%. The remaining quota will also be opened at the end of the second year. At this stage, DapperLabs has raised nearly $9 million from more than 100 countries, with about 2,500 users participating in the community sale.
During the auction period, all participating customers will register within 2 days at most and provide bids for 2% of the currency in the Genesis block. DapperLabs provides this unique function. Thus, customers can investigate the remaining token distribution.
The second phase of the auction went through a lock-up period of nearly a year. 100% of the currency will definitely be unlocked at the end of the second year. At this stage, approximately $9.5 million was raised using a closing price of $0.38 per currency.
NBA TopShot games drive consumer adoption to mainstream audiences. With this in mind, DapperLabs enables validators, developers, and participants to participate in the FLOW blockchain network. More importantly, they can get loyalty rewards and purchase other products in the game.
