Ibukun is a crypto/finance writer interested in passing relevant information, using non-complex words to reach all kinds of audience. Apart from writing, she likes to see movies, cook, and explore restaurants in the city of Lagos, where she resides.
According to the announcement by CoinList, the Umee token sale will begin on the 1st of December by 17:00 UTC.
CoinList has announced the registration of the Umee (UMEE) token sale has begun on the 19th of October. The decentralized system for cross-chain interactions, Umee, connects users to create lending and borrowing positions. Users also leverage the Umee infrastructures to move capital on chains, get exposed to yield opportunities, and seamlessly explore DeFi applications.
CoinList Announced Umee Token Sale
According to the announcement by CoinList, the Umee token sale will begin on the 1st of December by 17:00 UTC. In the blog post, CoinList noted that there would be two public options. Under 0ption 1, the available supply is 300,000 at the price of $0.06 per token. CoinList also added under Option 1:
“Lockup & release: 2-month cliff followed by a 10-month linear vesting schedule, with tokens released on or around Friday 15. 2022.”
On the other hand, there would be 200,000,000 available supply under Option 2 at the price of $0.07 per token. In addition, the announcement stated:
“Lockup & release: 2-month cliff followed by an 8-month linear vesting schedule, with tokens released on or around February 15. 2022.”
Currently, the Umee token is trading at $0.4311, losing 18% in the last 24 hours.
Furthermore, CoinList mentioned Umee’s provision of speed and efficiency for blockchain transactions as one of its features. It also noted its Proof-of-Stake feature meets the global debt markets. According to CoinList, Umee’s cross-chain interoperability is one of the reasons the platform is excited to onboard the token.
Other Tokens on CoinList
CoinList has been onboarding some tokens on its platform over the past months. In September, the public sale of Gods Unchained token (GODS) went live on CoinList. Similar to Umee, CoinList offered two options for users to participate in the sale, offering two options. The first options offered 20 million tokens at $0.336 per token. The second option, on the other hand, allocated 15 million tokens, with each token available at $0.24 per token. In addition, Option 1 and 2 have exactly the same unlock schedule, with 50% scheduled to be released after a 90-day cliff. This period is on or around the 11th of January, 2022. The concluding 50% will be unlocked linearly over 12 months.
Another token for sale on the launchpad platform is Biconomy (BICO) that was scheduled to begin on the 14th of October, 2021 at 17:00 UTC. BICO will also be available in two options, with the first set at $0.25 while the second is at $0.15 per token.