The Cherry Project recently announced the successful completion of its private token sale. The funding round raised a total of $2.9 million, securing investments from some of the leading brands in the cryptocurrency industry. This funding, alongside the capital raised from the upcoming public token sale, will equip the project with the resources to drive forward to the much-anticipated Cherry Network mainnet launch in Q1 2022.
The published list of private sale participants spans renowned venture capitalists such as Shima Capital, Protocol Ventures, Coral Capital, Varys Capital, and Dutch Crypto Investors to industry fixtures such as Gate.io and Figment.io.
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Next Steps
As the private sale comes to a close, Cherry’s native token $CHER will be available for sale to the public as per the schedule below:
IDO: December 21st, 2021
- Seedling @ 9 am UTC | Currency Accepted: BUSD, USDC, USDT | Networks: Polygon, Binance SmartChain, Avalanche, Fantom
- Samurai @ 11 am UTC | Currency Accepted: BUSD | Networks: Binance SmartChain
- Synapse Network @ 9 am UTC | Currency Accepted: BUSD, USDC, USDT | Networks: Polygon, Binance SmartChain
- Kommunitas @ 9 am UTC | Currency Accepted: USDC | Networks: Polygon
IEO: December 25th, 2021
Cherry’s IEO will be run through Gate.io’s Startup Platform and will last for 24 hours.
Over 20,000 Cherry community members have already expressed their interest in acquiring $CHER tokens during the public sale, which is presently 40 times oversubscribed. While not everyone will be able to participate in Cherry’s token sale, $CHER is expected to become listed and openly tradeable in selected marketplaces in the last week of December 2021.
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The Cherry Ecosystem
The Cherry Project is a Decentralized Autonomous Organization developing a layer one blockchain network optimized for data operations. Among its many novel features, decentralized applications (dApps) built on Cherry are for the first time able to trustlessly access a highly scalable production-ready distributed data store.
Representatives of the Cherry Project disclosed that over 44 decentralized projects have already committed to developing on Cherry’s infrastructure, with more joining on a daily basis. The Cherry team is working to attract new talent onto its network through grants, hackathons, and incubation services.
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