In the Series A funding round, CoinList will receive $ 100 million and is valued at $ 1.5 billion.
CoinList, known for handling token sales and its trading platform, was raised to $ 1.5 billion in the current Series A financing round estimated. The San Francisco-based company, founded in 2017, can now officially assign itself to the group of unicorns. These are startups that are worth more than a billion US dollars.
The Series A financing round was led by Accomplice (venture capital) and Agman Partners (investment). Also part of the deal is that Agman Partners CEO Scott Silverman will join CoinList’s board of directors. Other companies involved in the financing were Alphemy Capital, Taavet + Sten, Continue Capital, CMT Digital, DFG Capital Management, Fenbushi Capital, GoldenTree Asset Management and Metaplanet.
With the money raised, the number of team members is to be doubled to 150 over the next 12 months. It also says on the website:
We will use the funds to scale our services and operations, better serve our global community of early adopters, launch new products like CoinList Karma and CoinList Governance that increase protocol participation, and continue to see the best new projects in the world Find the crypto field and help them and their communities thrive.
Blog, October 26, 2021
CoinList Karma and Governance
At CoinList Karma acts It is a product that aims to reward users of the CoinList ecosystem for their contribution to the community. This means that they should receive remuneration on CoinList for, among other things, staking, trading in currencies or participating in different programs. In the blog it says:
We plan to introduce a variety of rewards soon, but for now, users are receiving badges for value-adding activities, and eligible users with a high level of karma can earn access to the priority queue on CoinList.
Blog, September 6, 2021