Sunday, July 3

DeFi cross-chain center Umee raises $ 32 million from CoinList token sale By CoinTelegraph

© Reuters. DeFi cross-chain center Umee raises $ 32 million from CoinList token sale

The sale of Umee tokens on CoinList has broken the record of user interest on the platform and has concluded with almost $ 32 million raised.

CoinList reported that more than 922,000 CoinList accounts had signed up for options 1 and 2 of the UMME token sale, which is the highest number ever for a token sale on the platform. In the end, around 63,000 accounts contributed.

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In a Medium post from the Umee team on Thursday, it indicated that the funds will be used to expand the development and engineering teams. The platform’s beta web application will be launched “in the next few days” and the mainnet is scheduled to go live in mid-February.

Read the full article on Cointelegraph

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