Umia completes 7-day UMIA token auction and raises 6110000 USD in financing
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AT A GLANCE
Umia said it raised 7 through a 6110000 USD-day token auction, selling tokens representing 34.6%of the total supply with no lock-up.
Article
💰 Financing | Token issuance governance platform Umia completes financing through a token auction 6110000 USD Financing
According to BlockBeats,October 6, token issuance governance platform Umia has completed 6110000 USD financing. Umia co-founder and CEO Francesco Mosterts stated that the 7-day auction valued Umia at a fully diluted valuation of 18000000 USD, and sold 17300000 tokens, representing 34.6%of the total supply. All tokens sold in the auction will be liquid upon issuance, with no lock-up.
According to CoinGecko data,UMIA is currently trading at approximately 0.68 USD, corresponding to a fully diluted valuation of approximately 34000000 USD.
Mosterts said that approximately 45%of the funds came from institutional investors. The participating funds included Galaxy Ventures, Digital Currency Group, Draper Associates, RenGen, Alpha EV、Maven 11 and Eon Capital. Nearly 700 individual bidders also participated in the auction.
Umia stated that these funds participated on the same terms as other bidders and received no discounts. Mosterts noted that no investor received a board seat, observer role, or advisory position.
Original link https://m.theblockbeats.info/flash/370350
Key points
01
BlockBeats reports that token issuance governance platform Umia has completed 6110000 USD in financing.
02
Umia co-founder and CEO Francesco Mosterts stated that the auction lasted 7 days and valued Umia at a fully diluted valuation of 18000000 USD。
03
The auction sold 17300000 tokens, representing 34.6%。
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All tokens sold in the auction will be liquid upon issuance, with no lock-up.
05
According to CoinGecko data,UMIA is trading at approximately 0.68 USD, corresponding to a fully diluted valuation of approximately 34000000 USD。
06
Mosterts said that approximately 45%of the funds came from institutional investors, and nearly 700 individual bidders participated in the auction.
07
The participating funds listed in the article include Galaxy Ventures, Digital Currency Group, Draper Associates, RenGen, Alpha EV、Maven 11 and Eon Capital。
08
Umia stated that the funds participated on the same terms as other bidders and received no discounts.
09
Mosterts stated that no investor received a board seat, observer role, or advisory position.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This financing used a token auction: participants bid for UMIA tokens, and the project received funding. Fully diluted valuation is the overall value estimated based on the entire token supply; the article provides both the auction-time 18000000 USD and the approximately 34000000 USD corresponding to CoinGecko data. Auction tokens will be liquid upon issuance, with no lock-up.
Why it matters to readers
The financing amount, proportion of tokens sold, and participant composition reflect the scale of the auction; 34.6%of the total supply being liquid upon issuance is important information for monitoring subsequent circulation.
Beginners should distinguish among the financing amount, token price, and fully diluted valuation, as they are not the same metric; they should also note that “no lock-up” means tokens obtained through the auction can be transferred or traded upon issuance.
Risks and unknowns
This report primarily cites statements from Umia and Francesco Mosterts; the original article does not provide independent financing documents or proof that the funds were received.
The article does not specify the exact issuance time of UMIA or the actual initial circulating supply.
The article does not provide the complete list of all funds; it explicitly names only.
The article does not disclose the identities of individual bidders or unnamed funds.
The article does not state whether the tokens were actually transferred, held, or sold after the auction.
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Related concepts
Fully diluted valuation
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