The funding was supported by five investors who intend to help fast-track Telos’ exchange listings and DeFi initiatives.
Blockchain platform Telos raised $8 million in funding led by ConsenSys and Polygon investor John Lilic. The funding was secured right before the launch of Telos’ Ethereum Virtual Machine (EVM) platform, ending the company’s ongoing streak of bootstrapped initiatives.Telos aims to redirect the recently secured capital on the platform’s development and marketing in addition to improving the liquidity of the ecosystem “without needing to resort to TLOS token sales in the event of a prolonged bear market over the next year.” According to Telos chief architect Douglas Horn: “While this [bootstrapping] preserved our identity as an egalitarian, self-governing community, it left us exposed to the risks of continuing to fund our explosive growth through extended bear markets.”Speaking to Cointelegra
We współpracy z: https://cointelegraph.com/news/telos-raises-8m-funding-before-evm-launch-to-avoid-token-sales
