Ranger Finance Concludes $8 Million ICO with $RNGR Token Trading Below Launch Price
The blockchain platform capped its initial coin offering at $8 million, setting a $0.8 token price and $20.5 million fully diluted valuation after attracting $86.39 million in commitments.
Summary
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Terms & Concepts
ICO (Initial Coin Offering): A fundraising method used by crypto projects to sell new tokens to investors before official market listing.
Fully Diluted Valuation (FDV): The estimated market capitalization of a cryptocurrency assuming all possible tokens are in circulation.
$RNGR Token: The native digital asset issued by Ranger Finance, used within its blockchain ecosystem.