We are glad to announce that our recent Balancer Liquidity Bootstrapping Pool (BLBP) on Copperlaunch has ended and together with our seed sale, we raised a total of $230,000.
This is a major step in the launch of our C4G3 Governance Token to governed our index funds and we are determined to put every dollar to good use. In this article, we will highlight a few points on how we intend to put the funds raised to good use.
Allocation of funds from CGT sale
One of the main reasons for the sale and auction was to improve liquidity and increase our armor in terms of financial resources for marketing among others. Let’s take a dive into what the funds will be used for:
- Liquidity provision on Balancer Pool for CGT/ETH = $75,000
- Liquidity provision on Uniswap for CGT/ETH = $45,000
- Additional Liquidity spread over all available chains for C4G3 = $30,000
- Additional Liquidity for CMI on Uniswap = $20,000
- Additional CMI Token Issuance = $10,000
- Marketing = $40,000
- Treasury = $10,000
We at C4G3 are constantly working to improve various areas with regards to our ecosystem. We thank you all for the support, we can assure you that the team hasn’t relaxed, we are constantly working and in due time the results will speak for itself.
Important Note: All Unsold token from the just concluded LBP has been burnt, the transaction hash can be found here.
CGT NOW AVAILABLE ON UNISWAP AND BALANCER
With the successful completion of our auction for CGT, CGT is now available on Balancer exchange and Uniswap exchange.
Balancer Exchange: https://pools.balancer.exchange/#/pool/0x55ff0ea3f3a485853cf488385679887ed28bf17d/
Uniswap Exchange: https://app.uniswap.org/#/swap?outputCurrency=0x8987a07ba83607a66c7351266e771fb865c9ca6c
Dextools: https://www.dextools.io/app/ether/pair-explorer/0xc0cd42d4ddb28d23733e2902c6719538b44d4af0
With the launch of CGT token, We will be focusing on marketing and other project developments, thank you.
