Zap Protocol Token Valuation Skyrockets to $100 Million!

Bittime - ZAP Protocol valuation, a platform operating on the Ethereum Layer 2 Blast network, set a record. They managed to shoot up to a $100 million valuation after raising $15.1 million in the latest three funding rounds.

Per Francis, founder and CEO of ZAP who uses a pseudonym, detailed that the funds came from several sectors. These include a $900,000 seed round in December, a $2.1 million private round last month, and an ongoing “vault sale” that has reached $12.1 million.

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Seed and private rounds are conducted with simple agreements for future tokens to provide initial support for platform development. 

On the other hand, according to Francis, vault sales – node sales – provide participants with the benefit of earning daily income in the form of yet-to-be-launched ZAP tokens. Also, there are also various other benefits such as airdrop tokens from partner ecosystem projects.

ZAP Protocol's Journey Towards $100 Million Valuation

Francis explained that this vault sale will close completely in conjunction with the ZAP token protocol creation event, which is expected to take place in the coming months. "If all the vaults are sold, we will have raised $50 million," he said.

ZAP Token Protocol's valuation saw a rapid increase, from $15 million in the seed round to $30 million in the private token round. It is now estimated to be worth around $100 million in the ongoing vault sale. 

“Our fully diluted token valuation is now around $100 million,” Francis confirmed.

Advantages of ZAP Protocol

ZAP Token Protocol offers several attractive advantages for investors and users, including:

• Decentralization: The platform is built on the Blast network, which is known for its scalability and high security.
• Efficiency: ZAP Token Protocol uses an innovative “vault” mechanism to increase efficiency and security.
• Ecosystem: The platform is integrated with various leading DeFi projects and services, providing many opportunities for users.

Future Potential of ZAP Protocol

With significant funding and an experienced team, ZAP Token Protocol has great potential. They have the potential to become a major player in the DeFi space. 

This platform has all the necessary ingredients to provide innovative and efficient solutions for users, and it is worth looking forward to its future developments.

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