Token

Galaxy

Million

Avalanche

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/avalanche-raises-250-million-in-token-sale" data-wpel-link="internal">Avalanche Raises $250 Million in Token Sale</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/garanti-bbva-integrates-avalanche-c-chain" data-wpel-link="internal">Avalanche</a>, a rising competitor to Ethereum, has successfully garnered $250 million through a <a href="https://en.bitcoinhaber.net/emerging-memecoins-captivate-the-crypto-market" data-wpel-link="internal">token</a> sale facilitated by notable firms such as Galaxy Digital, Dragonfly, and ParaFi Capital. This influx of capital is designed to support the upcoming Avalanche9000 blockchain upgrade, marking a key moment for the platform in the evolving cryptocurrency landscape.</p> 
<h2 id="which-companies-joined-the-token-sale">Which Companies Joined the Token Sale?</h2> 
<p style="text-align: justify">The recent announcement disclosed that over 40 companies participated in the Avalanche token sale, with prominent names including SkyBridge, Hivemind, and Morgan Creek Digital contributing to this initiative.</p> 
<h2 id="what-are-the-token-sale-s-terms">What Are the Token Sale’s Terms?</h2> 
<p style="text-align: justify">The tokens sold during this event will be subject to specific vesting or lock-up periods, ensuring a structured release. The raised funds aim to facilitate the Avalanche9000 upgrade, expected to launch the testnet on December 16, with a significant reduction in deployment costs and transaction fees projected.</p> 
<ul> 
 <li>The Avalanche9000 upgrade promises to cut layer-1 deployment costs by 99.9%.</li> 
 <li>Transaction costs on the existing C-Chain are anticipated to decrease by 25 times.</li> 
 <li>Over 500 layer-1 chains are already in development across diverse sectors.</li> 
</ul> 
<p style="text-align: justify">According to Jason Urban, the global trading chief at Galaxy, the funding will bolster innovation within blockchain technology. He emphasized the strategic importance of Avalanche9000 for advancing the industry’s future.</p> 
<p style="text-align: justify">As of the latest updates, <a href="https://en.bitcoinhaber.net/avalanche-avax-captures-market-interest-with-notable-price-surge" data-wpel-link="internal">AVAX</a> has seen a 9.4% rise, reaching $52.51 within a day. Overall, the Avalanche9000 update is considered a pivotal development for blockchain technology, with expectations of increased network utilization and broader applications in the cryptocurrency market. Companies involved recognize the substantial growth potential of Avalanche moving forward.</p> 
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/avalanche-raises-250-million-in-token-sale" data-wpel-link="internal">Avalanche Raises $250 Million in Token Sale</a></h5>

Avalanche Raises $250 Million in Token Sale

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