Upheavalfi Raises $7.3 Billion in Oversubscribed Public Sale

Based's Launchpad has closed with an impressive 110x oversubscription, securing $73 million for UPHL, with the token set to begin trading on HyperCore on September 26.

HYPE

Summary

Based announced the successful closure of the first Launchpad on Hyperliquid, with its inaugural project, UPHL, raising $73 million in a 110 times oversubscribed sale. The token will start trading on HyperCore at 4:00 UTC on September 26, with token claims opening shortly thereafter and an airdrop window starting at 6:00 UTC, offering users the choice of immediate claim or lock-up for higher rewards.

Terms & Concepts
  • Launchpad: A platform that facilitates token sales and project fundraising in the cryptocurrency space.
  • Airdrop: A distribution of cryptocurrency tokens to users, often used as a promotional or reward mechanism.
  • Token Locking: The process of holding tokens for a set period to receive additional benefits or rewards.