Following the success of previous projects - such as Sophon, CARV, XAI Games and Powerloom - Sonic SVM also chose the node sale method to raise Capital from the community.
Sonic SVM is preparing to launch a $12.8 million validator node sale. Photo: Sonic SVM
Sonic SVM, a layer-2 project focused on GameFi, is closing its $12.8 million validator node sale on September 16. This will be the first event of its kind in the Solana ecosystem, and will take place in three phases:
Tier-1 Raffle: 08:00 PM September 16 (Vietnam time)
Whitelist Sale: 08:00 PM September 18 (Vietnam time)
Public Sale: 08:00 PM September 19 (Vietnam time)
Excited to announce the upcoming HyperFuse Guardian Node sale, the first in the Solana ecosystem!
— Sonic (Odyssey Now Live ⚡️) (@SonicSVM) September 6, 2024
The sale happens in 3 stages:
📌 Tier 1 Raffle: 9/16, 1 PM UTC
📌 Whitelist Sale: 9/18, 1 PM UTC
📌 Public Sale: 9/19, 1 PM UTC
More about#hyperfusenode : https://t.co/T1Nav7S4G6 pic.twitter.com/OjAPKRHdHx
Sonic SVM will issue 50,000 “Hyperfuse Nodes,” distributed across 20 different price tiers. All node sales will go into the project’s treasury for general use, Chia to Chris Zhu, co-founder and CEO of Sonic SVM.
Node buyers not only receive Token rewards but also contribute to the security of Sonic SVM's HyperGrid network. Nodes can be set up on laptops or cloud servers.
The node sale comes just months after Sonic SVM successfully raised $12 million in a Series A Capital round led by Bitkraft with participation from Galaxy Interactive and Big Brain Holdings.
Notably, this node sale is “a rare opportunity for individual investors to purchase Sonic Token at a discount to the valuation offered to Venture Capital ” in the Series A round. While Unconfirmed , there is a possibility that there will be Airdrop to node operators in the future.
As introduced, Sonic is a layer-2 of Solana focused on GameFi, developed by Mirror World Labs (MWL), the legal entity that owns Sonic. MWL has built a proprietary technology called HyperGrid Framework, which enables horizontal scaling via rollups on Solana, and Sonic is built on top of that technology.
Sonic SVM's HyperGrid is likened to Solana 's version of OP Stack (Optimism), a popular framework for building new layer-2 networks on Ethereum. Coinbase's layer-2 project Base also uses this infrastructure.
Node sales have become a popular Capital method in recent times. Previously, in May, Aethir successfully raised $126 million in ETH by distributing over 73,000 nodes. Other projects such as Sophon , CARV , XAI Games , and Powerloom have also adopted this method to attract Capital .
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