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RE: Avalanche Raises $12M in Private Token Sale !

in #blockchain5 years ago

In a token sale, smart contracts are used to issue and sell cryptogra- phic tokens in exchange for existing tokens entirely P2P. As opposed to native blockchain tokens that are issued upon successful mining of a block (“Proof-of-Work”), for individual contributions to the net- work to keep it safe, token sales introduced a static mechanism for issuing tokens against a direct nancial fee, before the project was operational.

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