The big raise was made through a sale of the LUNA token, which is the native asset of the Terra ecosystem. The funding included participation from the usual round of venture capital giants, including Jump Crypto, Three Arrows Capital, Republic Capital, GSR, Tribe Capital, DeFiance Capital, and a number of angel investors.
On Feb. 22, Terra tweeted that the billion-dollar private token sale is one of the cryptocurrency industry’s largest ones to date. A Bitcoin denominated forex reserve for the Terra UST stablecoin will be established with the sale proceeds.
1/ The long awaited [REDACTED] 3 is here!
The Luna Foundation Guard (LFG) has closed a $1 billion private token sale to establish a decentralized $UST Forex Reserve denominated in $BTC!
— Terra (UST) Powered by LUNA (@terra_money) February 22, 2022
The non-profit LFG was set up in Singapore in January to help manage and grow the Terra ecosystem which is the ninth-largest in terms of market capitalization at the time of wr
We współpracy z: https://cryptopotato.com/luna-foundation-guard-raises-1b-for-bitcoin-ust-stablecoin-reserve/
