Javascript-Centric Smart Contracts Platform Agoric Announces Token Sale on CoinList

UTC by Bhushan Akolkar · 2 min read
Javascript-Centric Smart Contracts Platform Agoric Announces Token Sale on CoinList
Photo: Unsplash

Registrations for the Agoric token sale on CoinList are open as of now up to December 26. Here’s everything you need to know about it.

Agoric, a proof-of-stake chain utilizing Javascript smart contracts is making big moves. Recently, the platform has opened up registrations for the Agoric Token Sale. The token sale for the native crypto cosmos (BLD) of Agoric will start next week onwards on December 29 on CoinList.

Agoric Token Sale on CoinList

Agoric is currently allowing token sale purchases under two different options varying by the lock-in period. The registration deadline for the Agoric token sale ends three days later on December 26, 23:59 UTC. Below are the exact details for the Agoric token sale on CoinList.

Option 1:

  • Date: December 29, 18:00 UTC
  • Price: $0.80 per token
  • Asset: BLD token (Cosmos)
  • Min/max investment: $100 min, $1000 max
  • Lockup: Tokens unlock 6 months after the sale date on or around June 29, 2022, followed by a 12 month linear release.
  • Supply: 45M

Option 2:

  • Date: December 29, 23:00 UTC
  • Price: $0.65 per token
  • Asset: BLD token (Cosmos)
  • Min/max investment: $100 min, $1000 max
  • Lockup: Tokens unlock on or around November 1, 2022, followed by a 12-month linear release.
  • Supply: 25M

About the Agoric Proof-of-Stake Blockchain

Agoric is a Javascript-native smart contract platform allowing developers to build decentralized finance (DeFi) applications. Besides, the development environment also provides reusable lending, governance, and trading components.

The Agoric platform open crypto ecosystem currently has two major tokens BLD and RUN. currently, only the BLD token is available for purchase to the users. Also, the BLD token works as a governance token and is used for securing the Agoric blockchain network.

On the other hand, the RUN token is a stable token used for executing chain services for implementing on-chain smart contracts and supporting cross-chain activity. Thus, both tokens serve a separate purpose to prioritize network security and scale the ecosystem.

The Agoric platform also allows developers to rapidly build and deploy DApps, DEXs, OTC desks, and NFT marketplaces by using third-party components. The official announcement states:

“The smart contract components are audited, battle-tested, and can be quickly imported like any standard npm (node package manager) install. This saves developers’ time and resources, and prevents re-entrancy attacks and other common smart contract bugs.”

Agoric also runs an Inter-blockchain protocol that allows projects to use Agoric smart contracts having native cross-chain functionality. This will further open doors to cross-chain liquidity offering users and businesses some extensible commerce opportunities.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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