Fabric plans to launch the ROBO token, which will be publicly sold on Kaito on January 26.
PANews reported on January 23 that, according to official sources, OpenMind's Fabric, a general-purpose open network for robotics, will launch its native token ROBO. The token will be publicly sold on the Kaito Capital Launchpad, targeting eligible individuals and partner communities.
The public sale will launch at 20:00 Beijing time on January 26th, with a fully diluted valuation (FDV) of $400 million and a target fundraising amount of $2 million. A maximum of 0.5% of the total token supply will be sold, with 100% released on TGE. The minimum and maximum subscription amount per address are $1,000 and $250,000, respectively. In this public sale, 40% of the tokens will be allocated as a "priority allocation" to community members of the Fabric Foundation and its partners Kaito AI, Virtuals, and SurfAI. The issuance and sale of ROBO tokens will be conducted by a Fabric-designated entity in the British Virgin Islands (BVI).
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