Key Factors:
- ZAP secures $15.1 million throughout seed, non-public, and ongoing vault rounds.
- Notable buyers embody Rarestone Capital, Cypher Capital, and others.
- Valued at $15 million initially, now eyeing a $100 million valuation post-funding.
The ZAP token protocol working on the Ethereum Layer 2 community Blast has raised $15.1 million in three latest rounds.
Per Francis, the pseudonymous founder and CEO of ZAP, this features a $900,000 seed spherical in December, a $2.1 million non-public spherical final month, and an ongoing “vault sale” presently amounting to $12.1 million.
The seed and personal rounds have been carried out with easy agreements for future tokens to supply early assist for the event. However, in response to Francis, the vault sale—the node sale—leaves room for stream incomes day by day in as-of-yet-launched ZAP token protocol, amongst different perks like token airdrops from companion ecosystem initiatives.
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ZAP Token Protocol’s Journey to a $100 Million Valuation
Francis highlighted that this vault sale will shut off utterly with the ZAP token protocol technology occasion, which is predicted within the coming months. “If all vaults promote out, we could have raised $50 million,” he stated.
The valuation for the ZAP token protocol has appreciated bountifully, from $15 million throughout the seed spherical to surging at $30 million within the non-public token spherical. It’s now estimated to be round $100 million within the ongoing vault sale. “Our implied totally diluted token valuation is now round $100 million,” Francis confirmed.