Avalanche (AVAX)

The Avalanche Seed Sale was conducted on the 1st of February 2019. and raised a total of $5.940,000, by allocating 18,000,000 AVAX, at the selling rate of $0.33 per AVAX. The sale included notable investors such from VC firms Andreessen Horowitz, Polychain, MetaStable, and Initialized Capital, as well as individual investors Balaji Srinivasan, Naval Ravikant, and Ramtin Naimi of Abstract Ventures.

The Avalanche Private Sale was conducted on the 25th of June 2020. and raised a total of $12,600,000, by allocating 25,200,000 AVAX, at the selling rate of $0.5 per AVAX. Participants included Galaxy Digital, Bitmain, Initialized Capital, NGC Ventures, and Dragonfly Capital, among others.

Avalanche ran a public token sale on Jul. 15, 2020. It intended to run the sale for two weeks, but the team sold out of its token allotment in one day. Purchasers were able to purchase tokens through three options: Public Sale Option A1 (Staking Round #2): This option allowed participants to purchase tokens at $0.50 per AVAX, which was subject to a one-year vesting schedule with quarterly unlocking. Public Sale Option A2 (Staking Round #2): This option allowed participants to purchase tokens at $0.50 per AVAX, using an 18-month vesting schedule, with quarterly unlocking. Option A2 allowed purchasers to a much larger set of tokens than Option A1. Public Sale Option B: This option allowed participants to purchase tokens at $0.85 per AVAX, with no lockups. In order to prevent concentration and incentivize distribution, this allocation enforced a maximum check size of $5,000.

Ava Labs, a company focused on blockchain technology, announced a Series A funding round on February 1, 2019, securing $6 million. This early-stage venture funding provided essential capital for Ava Labs to continue its development, foster innovation, and potentially expand its reach in the blockchain industry.