CoinList to be launched on Obol token sale on February 25

According to PANews on February 21, CoinList issued an announcement stating that it will start Obol token sales at 1:00 on February 25 (Beijing time), which is a 30% discount compared to the previous round of VC investment. Obol is the foundation of L1 blockchain and decentralized infrastructure networks. Sales details are as follows:

For ordinary users:

• FDV is $125 million
• Token price is $0.25
• 33% unlocked in 6 months after TGE, followed by linear unlocking in 12 months,

For wstETH or weETH holders:

• FDV is $115 million
• Token price is $0.23
• 33% unlocked after 6 months of TGE, followed by linear unlocked for 12 months
• At the same time, users need to hold at least $20 worth of wstETH or weETH on CoinList between 1:00 on March 4 and 1:00 on March 11 to enjoy lower prices and FDV.

Both options purchase limits are at a minimum of $100 and up to $250,000. After the subscription period ends, users who are not selected to receive the allocation will receive funds in their CoinList wallet by 1:00 on March 13. The sale does not apply to the United States, China, Canada and certain other jurisdictions.