HumidiFi Sets $69 Million Public FDV With Jupiter Presale Allocation
HumidiFi’s WET tokens from its Jupiter DTF public sale are now available for claiming and trading, marking the project’s transition to secondary market circulation.
JUP
Summary
HumidiFi announced that WET tokens from its recent public sale on Jupiter's DTF platform are now open for claiming and secondary trading. The project, which allocated 10% of its total supply for the public sale, is Jupiter DTF’s first listed project. This follows the conclusion of the December 4 sale, which raised $5.57 million and set a $69 million public fully diluted valuation. Vested tokens remain secured via Jupiter Lock.
Terms & Concepts
- Fully Diluted Valuation (FDV): A metric estimating the total market value of a cryptocurrency if all possible tokens were in circulation.
- ICO (Initial Coin Offering): A fundraising method for new cryptocurrency projects where tokens are sold to early investors before being listed on exchanges.
- Vesting: A process that locks tokens for a set period, releasing them gradually to prevent sudden market supply increases.