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Fjord Foundry Raises $15.35 Million Through Liquidity Bootstrapping Pool

20/04/2024 00:13

According to BlockBeats, Fjord Foundry, a prominent platform, has successfully raised $15.35 million on April 19. The funds were raised through a Liquidity Bootstrapping Pool (LBP). The Fully Diluted Valuation (FDV) calculated at the end of the fundraising period was $232 million. The successful fundraising event marks a significant milestone for Fjord Foundry. The funds raised will be used to further develop and expand the platform. The Liquidity Bootstrapping Pool is a novel fundraising method that allows for a fair and efficient distribution of tokens. It has been gaining popularity among blockchain platforms due to its efficiency and transparency. The FDV of $232 million indicates the potential value of Fjord Foundry. It is calculated based on the current token price and the total number of tokens, including those not yet in circulation. This high valuation reflects the confidence of investors in the future growth and success of Fjord Foundry. This news comes as a positive development for Fjord Foundry and its stakeholders. The successful fundraising and high FDV indicate a promising future for the platform. The funds raised will be instrumental in driving the platform's growth and expansion in the coming years.

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