Lava Foundation, developer of the modular blockchain network Lava, received an investment of $11 million before the airdrop.
Investors included Animoca Brands, Gate.io Ventures, CoinGecko Ventures, Polygon founder Sandeep Nailwal, Ash Crypto, CryptoLark, and several others.
According to the statement made by Lava Foundation, in exchange for funding with investors Tokens will be issued in the future It was understood as.
Lava Foundation manager Amir Aaronson said, “Lava Foundation will not be operating until DAO is established on the mainnet. able to sell tokens and is the only authority that can decide on the road map of this network.” said.
Lava’s mainnet, currently in testing to open in the first half of this year Waiting. In total LAVA token has a supply of 1 billion It is planned to be put into use at the same time.
lava right now Within the scope of the Magma program to its users distributes points. part of LAVA via airdrop Even though these points will be distributed, these points will be transferred to LAVA. whether it can be converted Unknown.