AFFYN’S PRIVATE ROUND OVERSUBSCRIBED WITHIN A WEEK OF ITS PUBLIC UNVEIL
Affyn’s private round is oversubscribed within a week of releasing its whitepaper and website. For this private round, Affyn has raised approximately USD$4 million, where each FYN token was priced at USD$0.05, with a 6 months cliff and a total vesting period of 18 months. We are pleased to announce that the private round sale has concluded and is officially closed to new investors.
The tremendous response from venture capitalists and private investors signals investors’ confidence in Affyn’s Play-to-Earn Metaverse and the utility of FYN tokens that can be used in both the virtual and real world. Due to the overwhelming response, Affyn has decided to initiate a new Strategic Round. Since they have only unveiled about 1 week ago, the company wants to continue expanding their network, and are still looking for opportunities for further collaborations. All FYN tokens sold in the Strategic Round will also be subjected to a 6 months cliff and a total vesting period of 18 months. Details of the change in Affyn’s tokenomics* are as follow:
Company founder and CEO Lucaz Lee said, “We are extremely grateful to our investors, partners and community for the overwhelming support. The success of our private round sends a strong signal that Affyn’s vision and mission resonate with people who truly believe in the long-term value of what we are building. Metaverse is the future, and we will continue to build Affyn and lead the entire crypto industry into mainstream adoption with our cross-world token utility.”
About Affyn: Affyn is a Singapore-based company building an integrated ecosystem with a Play-to-Earn Metaverse where the virtual and real world converge. FYN token will be the official blockchain utility token which users can earn and utilize within the ecosystem.
*The information presented here may be subject to change without prior notice. The information presented here is for illustration purposes only, and the actual allocation for each category may not be the same.