Ethos Network said it will open its WHUF token auction on Sept. 1, with 20% of the token’s total supply set to be sold. According to the official announcement cited by ChainCatcher, the sale includes an 85% price protection mechanism. The auction will start at a fully diluted valuation, or FDV, of $1 million, with a valuation cap of $99 million. Ethos also said it will offer extra rewards to contributor XP holders and referred participants. Users can complete registration in advance to take part in the WHUF token auction and related incentive programs. The announcement outlines the sale structure, valuation range, and incentive design, while keeping the focus on registration and participation ahead of the Sept. 1 start date.
According to an official announcement cited by ChainCatcher, on-chain reputation protocol Ethos Network will open its WHUF token auction on Sept. 1 and plans to sell 20% of the token’s total supply.
The auction includes an 85% price protection mechanism. It will begin at a fully diluted valuation (FDV) of $1 million, with the maximum valuation capped at $99 million.
Ethos also said it will provide extra rewards for contributor XP holders and referred participants. Users can register in advance to join the WHUF token auction and related incentive programs.
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