$_ sets to launch on June 13th after securing $5.5M from VCs such as Animoca Brands, Spartan Group, and Mapleblock Capital - The Bitcoin News

British Virgin Islands, British Virgin Islands, June 4th, 2024, Chainwire

$, the governance and utility token from the Eco, is set to launch on June 13th, 2024, at 10 am UTC. The $ listing comes after the token has secured $5.5M funding, including a $3.3M seed and strategic rounds, which saw investments from top Web3 VCs such as Animoca Brands, Spartan Group, Mapleblock Capital, and Castrum Capital.

The DAO, a collective of individuals supporting MarketingFi, announced that the $ token will launch on June 13th, 2024, at 10 am UTC. $ is the first MarketingFi token with a multi-airdrops utility across 3 platforms and an increasing demand mechanism linked to AI data credits redeemable with $ only.

$ Launches with a Strong List of Seed, Strategic, and Angel Investors

The $ launch news comes together with an announcement of successful Seed and Strategic rounds $ has conducted, collecting $0.5 and $2.8M, respectively. The Seed round $ investors comprised Web3’s top VCs, including Spartan Group, Baboon VC, GSR, Hartmann Capital, and Poolside.

Animoca Brands led the $2.5M strategic round, which included other strategic investors such as Mapleblock Capital, Castrum Capital, Founderheads, Unreal Capital, Oddiyana Ventures, ChainGPT Labs, SkyVision Capital (SVC), New Tribe Capital, Undefined Capital, and Kangaroo Capital

“Businesses need efficient marketing at a sustainable budget, and influencers need an audience to interact with their posts and content. The Eco provides a one-stop solution to address these issues through a platform where users, creators, and businesses share synergies and grow together,” commented Vijay Garg**, the founding partner at Mapleblock Capital.**

$ has also received investment from top Web3 Angel investors, including, but not limited to Miko Matsumura of Gumi Cryptos Capital, Delroy Fong of Amber Group, Lavenjer Yeung of SevenX Ventures, Tal Cohen of Kraken, Denys Zhadanov, Tomer Nuni, Tasso Lago, Elliot Hagemeijer, Diego Borgo, Ivan on Tech, Michael Wrubel, Bycoinhunter, CryptoBirb, and S4ammy.eth.

The DAO, which is a fully decentralized organization, gave the following official statement: “We started the DAO believing that marketing budgets can be given to users instead of advertising giants By gaining a stake in the project, users help promote it through the most effective marketing method – word of mouth. We are honored to see so many investors and backers share our vision and be eager to jump on board to help us build a true MarketingFi eco.”

Source: DAO

$s: ChainGPT Pad and Polkastarter IDOs

$ has raised $5.5M in total, with a $800K round open to the public through IDOs conducted on Polkastarter and ChainGPT Pad. The Polkastarter IDO registration is now closed, and ChainGPT Pad IDO registrations will open on June 5th, 2024. The IDOs will take place on June 12th and 11th, respectively.

“The $ IDO Allowlist on Polkastarter saw immense interest from a highly engaged community. We’re excited to have witnessed the growth of this project and its community!” said Joao Leite**, the managing partner at Polkastarter.** “We’re strong believers in their token capturing and redistributing marketing value between many stakeholders. Feels great to be part of this journey with $ and the DAO.”

​​“As the Eco accelerator, we have been working closely with both the 3 and the DAO teams in the run-up to the listing. The professionalism and ideas behind the $ token have exceeded our expectations,” said Ilan Rakhmanov**, CEO and co-founder of ChainGPT and ChainGPT Pad**. “We are looking forward to the $ IDOs and its listing, but even more, I am personally excited to see how Web3 marketing will truly become the collaborative and inclusive MarketingFi eco with $ paving the way.”

The Eco: $, DAO, and 3

The $ token has several unique utilities within the Eco – an eco independently developed by both (i) 3 Project creators and (ii) the community gathered around the solution – DAO. In addition to governance and staking utilities, $ garners several unique utilities related to the 3 technology and platforms. The Eco has allowed the $ token to issue endless airdrops to its stakes from projects using the 3 platforms. This utility stems directly from the agreement between the DAO and 3, which allows 3 to give a proportion of tokens gathered from 3 Airdrop Shield, 3 Affiliate, and 3 Score to the DAO, which then airdrops the tokens to $ stakers who express interest and conduct specific activities to support in these projects. Furthermore, $ will become a native in-platform token exchangeable for AI data credits within the Eco, which, with the rising need for AI analytics on Web3 data, coils create a naturally growing demand for $.

“We are honored to be part of the $ listing journey and excited for our partnership with the DAO,” said Filip Wielanier**, the co-founder and CEO of 3.** “With $, the 3 eco becomes complete, letting the community become an equal part of MarketingFi. I am excited about $ and the DAO helping us realize our mission of redistributing marketing value in Web3 and beyond among users, businesses, and creators.”

The $ listing on June 13th will be the first opportunity for the general public to purchase $ and receive exclusive access to governance, staking, and endless airdrops from within the Eco. Apart from centralized exchanges, users will be able to buy $ directly from DEXs embedded in the .community platform, which will also feature the $ staking portal.

About DAO

The DAO is a collective of MarketingFi enthusiasts aiming to bolster decentralization through innovative blockchain solutions. It created the $ token and injected it into the 3 eco to drive the MarketingFi ethos forward through governance and tokenized support. Anyone can become a member of the DAO. The sole requirement is to believe in MarketingFi and want to drive the MarketingFi economy forward. DAO members are can hold and stake $ for access to potential additional rewards and voting rights on matters relating to the DAO’s treasury and future.

For more information, users can visit .community

About 3

Together with DAO, 3 constitutes the Eco. 3 pioneers MarketingFi with an AI Data Layer— a transparent marketing economy unlocking value for Web3 users, creators, and businesses, with over 300 dapps such as Kyber Swap, Mantle, Polkastarter, Linea, GameSwift, eesee, and Insomnia Labs already using 3 technology. To realize its mission, 3 is building a set of MarketingFi platforms and Web3 AI marketing solutions that connect projects with the right audiences, creating profitable opportunities for both. 3 uses off- and on-chain analytics alongside a Web3 AI data layer to ensure only valuable user and project interactions benefit from the MarketingFi eco. In an economy where lines between business owners, investors, and consumers are blurred, effective marketing becomes collaborative, and value flows freely between all stakeholders. With its unique set of tools, 3 is positioned to become the Google Analytics of Web3.

For more information, users can visit 3.com

Contact

** DAO**
[email protected]