According to CoinDesk, Factor, an Arbitrum-based on-chain asset management platform, raised about $7.6 million from more than 4,000 wallets during its token offering from February 20th to February 24th. At 2:00 on the 26th, they will receive the FCTR tokens they purchased, and the tokens will also start trading on the decentralized exchange Camelot at the same time. FactorDAO has previously announced that the initial circulating supply will be reduced by 18%, from the initial 32.5 million to 18 million. Foresight News noted that Factor does not require users to learn programming knowledge to create customized asset management strategies, and aims to provide middleware infrastructure for the DeFi space by aggregating various markets on its platform.