CoinList will launch the Archway (ARCH) token sale on June 15

ChainCatcher news, CoinList announced that the Archway (ARCH) token sale will start at 11 PM Beijing time on June 15, and registration is now open. The total supply is 30 million ARCH tokens, priced at $0.2 each, with a 40-day lock-up period followed by an 8-month linear vesting schedule. Registration will close at 8 PM Beijing time on June 12.

It is reported that Archway is a native Layer 1 blockchain of Cosmos, allowing developers to capture the value they bring to the network through novel, developer-centric economics.

According to the crypto data platform RootData, the developer behind Archway, Phi Labs, announced the completion of a $21 million seed round financing in March last year, led by CoinFund and Hashed. (Source link)