News linked to both this project and an event.
According to official announcements, TownSquare's Sonar public sale with a $200 million valuation was completed at 9 PM Singapore time on Sunday night, ending with a 200% oversubscription. This represents the highest oversubscription performance for a Sonar public sale this year, excluding MegaETH. Due to the oversubscription, the public sale will be settled based on proportional rules and an order from small to large amounts.
TownSquare, an institutional yield and cross-chain lending brokerage service infrastructure, announced the official launch of its ICO public sale. This public sale is technically supported by the Echo Sonar platform from the Coinbase ecosystem. The valuation is divided into two tiers: a $150 million valuation based on a 6-month lock-up, and a $200 million valuation with no lock-up and full release at TGE, with a fundraising cap of $1 million. Currently, 30 minutes into the public sale, over $200,000 has been raised. According to data, most users chose the second tier with the $200 million valuation. This public sale is the first project based on the Monad ecosystem on Sonar, supporting USDC and USDT0 tokens on Monad. Previously, TownSquare completed a total of 3 rounds of financing totaling $16.25 million, with participation from World Liberty Financial, Auros Ventures, Amber Group, Animoca Ventures, OKX Ventures, as well as angel investors and institutions from ecosystems such as Monad, a16z, etc. It is projected that the previous valuation is comparable to this ICO valuation. TownSquare Sonar Public Sale Registration: townsq.xyz/sale
According to an official announcement, Pharos has unveiled the details of its public PROS token sale, offering 0.1% of the total token supply, with a target fundraising amount of approximately $1 million. The base price is set at $1.00 per token, and the subscription range per entity is $100 to $50,000. This sale requires mandatory KYC/KYB verification on Sonar and offers two vesting options: no lock-up or a 6-month lock-up (priced at $0.80 per token). In the event of oversubscription, priority will be given to smaller subscriptions; any excess funds will be automatically refunded after the sale concludes. Registration opens on April 20.