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Sahara AI Launches Community Distribution Phase for Buidlpad

Sahara AI's community round attracted over 30,000 KYC certified contributors, with total commitments exceeding $74 million and an oversubscription rate of 777%.

Summary

Sahara AI has successfully completed its community round on Buildpad, securing over $74 million from more than 30,000 KYC certified contributors across 118 countries. The fundraising event saw subscriptions surpass 100,000, resulting in an oversubscription rate of 777%.

Terms & Concepts
  • Buidlpad: A platform designed for community-driven funding and distribution of cryptocurrency projects.
  • KYC: Know Your Customer; a process of verifying the identity of clients to prevent fraud.
  • Oversubscription: When the demand for a fundraising round exceeds the available supply, often leading to a higher total raised than initially targeted.