EQS-News

tokentus investment AG invests USD 150,000 in the Lava Foundation's token sale to further develop the DePIN blockchain infrastructure project Lava Network

EQS-News: tokentus investment AG / Key word(s): Investment tokentus investment AG invests USD 150,000 in the Lava Foundation's token sale to further develop the DePIN blockchain infrastructure project Lava Network 24.05.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement.

tokentus investment AG invests USD 150,000 in the Lava Foundation's token sale to further develop the DePIN blockchain infrastructure project Lava Network

• With a peer-to-peer network of node operators, Lava Network provides the data layer that allows developers to create projects on blockchains
• Lava Network positions itself as a decentralized physical infrastructure (DePIN) and democratizes the provision of data services for blockchains and projects
• This token round totalling USD 11 million took place ahead of the mainnet launch and airdrop in the coming months
• tokentus invests USD 150,000 in this private token round

Frankfurt am Main, 24. May 2024 - Frankfurt-based tokentus investment AG ("tokentus", ISIN: DE000A3CN9R8; WKN: A3CN9R; symbol: 14D) acquires Lava tokens for USD 150,000 as part of the current token issuance by the Lava Foundation, based in the Cayman Islands. The Lava Foundation is the only institution issuing Lava tokens and deciding on the roadmap for the network until the DAO (decentralized autonomous organization) is live on the mainnet.

By its own positioning, Lava Network is a modular network that focuses on providing access to every blockchain and rollup. Subscribers to the Lava Foundation's $11 million pre-mainnet token round included VCs and individual investors in the Web3 space, namely TPC Ventures, Ash Crypto, CryptoLark, Polygon founder Sandeep Nailwal, Manifold Trading, CryptoTimes Japan, Animoca Brands, Gate Ventures, Gecko Ventures, the founders of eToro, as well as blockchain-related media companies such as Le Journal Du Coin and The Rollup.