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CoinList Launches $300 Million Valued USD.AI (CHIP) Token Sale

CoinList confirms a 700 million CHIP token sale at $0.03, open exclusively to Allo Game participants, with full unlock in March following the Token Generation Event.

Summary

CoinList officially announced the USD.AI (CHIP) token sale, offering 700 million tokens at $0.03 each, valuing the project at $300 million FDV. The sale, restricted to Allo Game participants, runs from February 22 to 27 and will grant allocations based on game points, with any remaining tokens distributed pro rata. The total supply is 10 billion tokens, and the TGE in March will see a complete 100% unlock. Minimum purchase is set at $100.

Terms & Concepts
  • Fully Diluted Valuation (FDV): The theoretical market capitalization of a cryptocurrency if all tokens in its total supply were in circulation.
  • Token Generation Event (TGE): A blockchain event marking the creation and initial distribution of a project's tokens.
  • Pro Rata Distribution: An allocation method where participants receive a proportional share based on their qualifying amount or points.