Avalanche (AVAX) ICO

Avalanche (AVAX) conducted an initial coin offering (ICO) in July 2020. The official public sale was preceded by a seed sale that saw 2.5% of the token’s supply offered at $0.33 with a one-year vesting schedule and a private sale in which 3.5% of the token’s supply was sold at $0.5. Meanwhile, 10% of the AVAX supply was offered during the public ICO.

During the Avalanche token sale, Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC) were the accepted means of payment.

Here is a summary of the details of the Avalanche token sale:

• The Avalanche ICO was held on July 15, 2020
• The project raised approximately $37.5 million during the sale
• About 9% of the total 720 million token ACAX supply was made available for the AVAX ICO
• During the ICO, investors were able to obtain AVAX coins with BTC, ETH, USDT, and USDC
• The actual AVAX token sale lasted just 4.5 hours, becoming one of the fastest, most successful ICOs in history

What was the ICO price of Avalanche (AVAX)?

The Initial Coin Offering (ICO) price of the Avalanche (AVAX) token was $0.50. At this price, the token had a one-year vesting period. Users who wanted to purchase tokens with no lock-up had to pay a price of $0.85 per token. The overwhelming success of the ICO contributed to the growth of the Avalanche ecosystem.

When did the Avalanche ICO start? How long did it last?

The Avalanche ICO was conducted on July 15, 2020 and lasted only one day due to the overwhelming demand. In fact, the actual AVAX token sale lasted for about 4 and a half hours due to how successful it was. The company was able to raise the targeted amount and exceeded it in a matter of 4 hours and 33 minutes.

How much money was raised during the Avalanche ICO campaign?

Avalanche raised $37.5 million in its initial coin offering, which attracted a large number of popular crypto funds and investors. Meanwhile, the project also raised around $5.95 million in its seed round and around $12.6 million in its private sale.

How many tokens were sold in the Avalanche ICO?

16% of the AVAX supply was made available to investors overall. Here is a more detailed breakdown:

• Seed round: 2.5%
• Private sale: 3.5%
• Public sale option A1: 1%
• Public sale option A2: 8.3%
• Public sale option B: 0.7%

How much of the total AVAX supply was sold in the ICO?

Around 10% of the total AVAX supply was sold during the ICO, which corresponds to 72 million AVAX tokens. If we also include the private sale and seed round, the Avalanche project sold a total of 115.2 million tokens to investors.

How many people participated in the Avalanche ICO?

There is no official information about the number of participants in the AVAX token sale.