Peter Thiel's company invested, the project's altcoin rose by 60 percent
Quick Look
- Ethereum-based crypto collateral protocol Anvil sold $5 million worth of tokens in the round with the participation of important investors such as Pantera Capital and Bullish.
- After the news, ANVL token value increased by over 60% in 24 hours.
AI-generated summary
Why It Matters
Anvil is a project developed on the use of cryptocurrencies in financial commitments. The system aims to ensure the fulfillment of commitments with locked digital asset collateral.
Anvil, a crypto collateral protocol running on Ethereum, has received investment from both the crypto and traditional finance worlds. In the last investment round, Anvil sold a total of $5 million in tokens. It was not disclosed at what price ANVL tokens were sold and how many tokens were given to which company.
Increased by 60% with the acquisition
A sale of $ 5 million may seem like a small amount for many people and even for the crypto world, but the buyers are very important players... After the announcement, ANVL token increased by over 60% in 24 hours.
ANVL token purchase round; Pantera Capital, Theta Blockchain Ventures, Bullish and Protoscale Capital also participated.
Anvil, a project developed on the use of cryptocurrencies in financial commitments, has a token supply of 100 billion. 80 billion of this number are currently in circulation.
The project works to ensure that commitments are fulfilled, rather than getting loans through cryptocurrencies locked in the system.
Speaking on the subject, Joey Krug, one of the founding partners of Founders Fund, said, "Companies want to be sure that their payment and credit commitments will be fulfilled. Anvil secures these commitments with verifiable digital asset collateral."
Open Questions
- What is the token sale price?
- How many tokens were given to which company?
