CasperLabs Pivots Away From Ethereum to Fundraise With Its Own Blockchain
The highly anticipated project, CasperLabs, together with BitMax.io, is conducting the industry’s first Exchange Validator Offering (“EVO”) to offer retail purchasers access to CLX tokens at a discount of up to 55% compared to the project’s planned public sale at mainnet launch.
The EVO is the first token sale for CasperLabs and is being conducted at a highly favorable valuation. $3 million worth of CLX tokens will be sold over three rounds of a lottery draw facilitated by BitMax.io (between March 30 and April 6) at a price of $0.01 per CLX. Winners in the first two rounds of the EVO will receive up to a 10% bonus.
Lottery winners will also receive various rewards, including:
- Early Participation Rewards: CLX tokens purchased in the EVO will increase by 15% per annum pro-rata (“APR”) of the quantity of tokens;
- Staking Rewards: CLX holders will receive staking rewards anticipated at 15% gross yield for the first-year post-launch;
- Network Transaction Fee Rewards: CLX holders will receive token rewards based on transaction fees collected on the network.
Registration to participate the CasperLabs EVO is currently live on BitMax.io with an open funding period from March 26 to April 6.