‘We refused to do an ICO’: The truth behind Canton’s tokenomics
PositiveCryptocurrency

- Tharimmune has successfully raised $540 million to establish a treasury for Canton Coin, showcasing an innovative approach to launching new blockchains without the traditional Initial Coin Offering (ICO). This strategy highlights the potential for alternative funding mechanisms in the cryptocurrency sector.
- The establishment of the Canton Coin treasury is significant for Tharimmune as it positions the company to leverage the growing interest in decentralized finance while avoiding the regulatory scrutiny often associated with ICOs. This move could enhance investor confidence and attract institutional interest.
- The development reflects a broader trend in the cryptocurrency landscape where projects are exploring diverse funding models. The appointment of Taurus as a super validator on the Canton Network further emphasizes the importance of institutional involvement in securing and governing blockchain networks, indicating a shift towards more robust and regulated environments in the crypto space.
— via World Pulse Now AI Editorial System
