After Bitcoin, it is completely dependent on mining to distribute tokens.
Investing in signs occurs when the number of tokens launch is exploding. According to COINBASE’s CEO Brian Armstrong, about 1 million new cryptocurrencies are created every week when it is easier to release new cryptocurrency using AI and other tools.
Many of these new projects incorporate tokens to enhance their reputation and increase fluidity by providing free tokens to millions of participants who meet specific requirements. I am. However, they often cause scrutiny to provide less tokens than scalper or overrun by scalper using multiple accounts.
To fight this, the sign was developed tokentable. This is to support the founder safely by launching the token safely, setting clear rules, and confirming the identity of each participant. CEO and co -founder Xin Yan says that Sign’s revenue has increased from $ 1.7 million in 2023 to $ 15 million in 2024 due to the growing popularity of token air drops in the Ton blockchain. 。
“Ton has a lot of users, so we really supported us. They have a lot of tokens and there are so many recipients in the tokens. It is standard, “said Yang.
Yang says that the signature will be expanded globally using the funds collected in this round, and the government will support the use of blockchain technology by implementing identity verification on the chain.
Other supporters who participated in the signal funding round include Altos Ventures, Hackvc, and Amber Ventures.
Yzi Labs, which quotes YZI Labs employees, calls ventures as their family offices, but are “venture capital and incubator companies.”
YZI Labs is currently managing $ 10 billion -related assets if it is known as Binance Labs. Zhao has been focusing on investing in AI, biotechnology, and blockchain companies since his release, and has stated that Sign has the first step in encrypted games.
Zhao was released from California’s prison last September after four months of work because he could not implement an appropriate money laundering protocol at Binance, the largest global encryption exchange founded in 2017. 。 The most wealthy people in the world with estimated net assets of about $ 60 billion.
This story was originally introduced on Fortune.com