Fjord Foundry Scores Major Victory with $15 Million Pre-Sale of FJO Token

Fjord Foundry's token launchpad concludes its FJO pre-sale with over $15 million raised, leveraging the Liquidity Bootstrapping Pool (LBP) model. The pre-sale witnessed a price trajectory from $5.36 to $2.32, facilitated by the LBP's supply and demand dynamics. LBP investors claimed 88% of the 7.5 million FJO tokens sold, with trading volume and liquidity exceeding $24 million and $17 million, respectively.

Fjord Foundry Registers Monumental Success with $15 Million Pre-Sale for its FJO Token

London, United Kingdom - April 17, 2024 - Fjord Foundry, a renowned token launchpad, has announced the triumphant conclusion of its pre-sale for its highly anticipated FJO token. The pre-sale, which commenced on April 16, garnered an impressive $15 million in investments.

Leveraging the innovative Liquidity Bootstrapping Pool (LBP) model within Fjord Foundry's proprietary launch platform, the pre-sale witnessed the FJO token's initial price set at $5.36. Over the course of the pre-sale, the FJO price gradually declined in accordance with supply and demand dynamics. However, the token's value was swiftly restored through the sustained demand from investors.

The LBP model employed by Fjord Foundry facilitates the seamless exchange of tokens between buyers and sellers. As token supply increases, the price decreases, creating an iterative process that ensures the FJO token's price remains within a stable range.

Commenting on the pre-sale's resounding success, the Fjord Foundry team expressed their unwavering confidence in the FJO token's future prospects. In an official statement, the team declared, "We couldn't be more confident about the future prospects for $FJO."

The FJO token pre-sale boasts several notable features and benefits. Stakers of the token will be entitled to a portion of rebought FJO tokens generated from platform revenues. Additionally, FJO holders may qualify for potential participation in token airdrops launched by other projects. Furthermore, FJO token holders will enjoy increased hard acquisition caps in pre-sales and exclusive access to novel LBP models.

At the time of writing, the LBP pre-sale has sold approximately 7.5 million FJO tokens, with LBP investors claiming an impressive 88% of the total supply. The trading volume for FJO during the pre-sale period approached $24 million, while its liquidity exceeded $17 million.

The pre-sale success follows Fjord Foundry's recent fundraising round, which secured $4.3 million from reputable investors such as Mechanism Capital and Lemniscap. The fundraising round also witnessed the participation of Kieran Warwick, co-founder of the blockchain game Illuvium.

Fjord Foundry's pre-sale success underscores the growing demand for innovative token launchpads that empower projects to access liquidity and build strong communities. The FJO token's pre-sale is a testament to Fjord Foundry's commitment to fostering the growth of the blockchain ecosystem.