Layer1 blockchain Linera's community token sale, launched on September 1, has raised only about $150,000 from 172 addresses, leaving a 95.2% gap to its $3.2 million goal. The round carries a $160 million token valuation and runs for 7 days. Previously, Linera raised $12 million in 2022 and 2023 from investors including a16z, GSR, Tribe Capital, Flow Traders, and Laser Digital.
Linera, a Layer1 blockchain, kicked off its community token sale on September 1. So far, the response has been slow: only about $150,000 has come in from 172 unique addresses, leaving the raise 95.2% below its $3.2 million goal.
This round puts the token’s valuation at $160 million and stays open for 7 days. Earlier, Linera raised $12 million in total funding across 2022 and 2023, backed by a16z, GSR, Tribe Capital, Flow Traders, and Laser Digital.
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