Everscale will launch a $ 75 million program to attract large | Cryptocurrency Bitcoin NEWS
Everscale will launch a $ 75 million program to attract large investments in the project
The Governing Council of Everscale (formerly Free TON), following an on-chain vote, approved a proposal to launch the Crystal Hands program to attract large investments in a crypto project.
Crystal Hands will have a budget of 280 million EVER coins (about $ 75 million at the time of writing). The DeFi Alliance will be responsible for its implementation.
Under the terms of the program, the Alliance will determine the amount of coins to be sold in accordance with current market conditions, network security and buyer's profile.
The investor will be able to receive a significant discount to the market price of EVER, provided the coins are blocked for a period of 6 months or more.
The DeFi Alliance will be able to sell coins directly and involve third-party projects in the fundraising and selection process. When making successful deals, intermediaries will be paid commissions.
The proceeds from EVER's sales will be used to develop the Everscale ecosystem, including increasing liquidity in DeFi and NFT applications, advertising the project, financing grants and listing on major exchanges.
The Crystal Hands budget was transferred to a dedicated multi-signature wallet. He has five custodians: Bitscale, BR Capital, Broxus, Minergate, and Warp Capital.
