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Cross chain DeFi hub Umee raises $32M with Coinlist token sale
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Cross chain DeFi hub Umee's token sale on Coinlist has broken the record for user interest on the platform and concluded with nearly $32 million raised.
Coinlist reported that more than 922,000 Coinlist accounts had registered 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.
A Medium post from the Umee team yesterday stated that funds will be used to expand the development and engineering teams. The Beta web app for the platform is set to launch “in the coming days,” and the mainnet is scheduled to ship by mid-February.
The $32 million raise is reportedly the fifth largest public raise on Coinlist all year. This also puts it among the
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