The first round of funding for the Trove project has been finalized. The total amount raised reached $11.937 million, with an oversubscription multiple of approximately 4.8 times, showing significant enthusiasm. Notably, the project team had considered extending the new issuance window, but ultimately decided against it—this ensures that participants' shares will not be excessively diluted due to quota expansion. Refund arrangements for the oversubscribed portion will be completed before TGE, with token release starting at 1:00 AM Beijing time on January 21. This timing is somewhat tight, so investors should pay attention to relevant notifications to confirm in a timely manner.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
10
Repost
Share
Comment
0/400
ImpermanentPhobia
· 3h ago
4.8x oversubscription, this hype is indeed a bit crazy
---
Not extending the subscription window, the project team still has a conscience
---
Released at 1 AM, time to stay up and watch the market again?
---
It's true that shares are not being diluted, which is quite good
---
January 21st at 1 AM, everyone set your alarms
---
The 4.8x oversubscription shows that the market is really optimistic about this
---
The refund window is so tight, you need to prepare in advance
---
Fortunately, the window wasn't extended, or else we'd have to recalculate again
---
This fundraising scale looks pretty good
---
The TGE released at 1 AM, sleep quality is going to decline again
View OriginalReply0
WinterWarmthCat
· 22h ago
4.8x oversubscription, this hype is truly incredible
---
Not extending the IPO window is quite considerate; are you afraid of being diluted to death?
---
Releasing at 1 a.m.? That timing really sucks
---
$11.93 million USD sounds pretty big, but in this circle, it’s just average
---
Complete before the refund? I still feel there might be a trap
---
The oversubscription of 4.8x shows people are still interested; now we just wait for the performance
---
Not extending the window this time, the project team finally did one thing right
---
I’ll definitely be asleep at 1 a.m., so no one can blame me if I get cut
---
Not diluting the shares gets a full score from me; anything else can wait
View OriginalReply0
StealthMoon
· 01-13 12:57
4.8x oversubscription, this hype is really outrageous, but not extending the window is considered considerate
View OriginalReply0
MemecoinTrader
· 01-12 05:48
ngl the 4.8x oversubscription is classic pre-pump narrative engineering. they didn't extend the window? smart move for optics, but we all know it's just controlling the dilution timeline. real alpha is watching who dumps on jan 21st at 1am utc+8.
Reply0
LoneValidator
· 01-12 05:47
4.8x oversubscription, this level of popularity is truly unmatched
View OriginalReply0
ser_ngmi
· 01-12 05:44
$11.93 million oversubscribed by 4.8 times, Trove's popularity is really real
View OriginalReply0
MoonRocketTeam
· 01-12 05:39
4.8x oversubscription, this wave of Trove definitely has some substance, but not extending the window is truly considerate.
---
TGE at 1 a.m.? Astronauts, remember to set alarms and don't sleep through the supply burn.
---
I give full marks for no dilution of shares; finally seeing some conscience from the project team.
---
Only $11.937 million in funding with this level of enthusiasm? The booster’s fuel still seems sufficient; let’s see if the trajectory can break through.
---
Notifying only a day before refunds? That schedule is a bit tight; it's better to send notifications earlier to avoid issues.
---
A 4.8x oversubscription shows there is real demand in the market; now it depends on whether the subsequent support can hold this valuation.
---
Not extending the new issue window actually scores points, indicating the operational team is still clear-headed.
---
TGE timing is so tightly scheduled, it feels like a reaction speed game with us.
---
Based on this funding scale and subscription multiple, Trove has indeed gained some popularity in the community.
---
The key is whether the token will drop immediately after release; it’s still too early to say anything now.
View OriginalReply0
notSatoshi1971
· 01-12 05:32
4.8x oversubscription, this level of enthusiasm is indeed impressive.
View OriginalReply0
AirdropCollector
· 01-12 05:28
4.8x oversubscription, how high is this enthusiasm?
---
Not extending the window was indeed a prudent move to avoid severe dilution.
---
Releasing at 1 AM? Who would stay awake in the middle of the night watching the market...
---
Such a rush to refund, afraid someone might change their mind?
---
$11.937 million raised, Trove's funding round went quite well.
---
Just worried that the token price might plummet on TGE day, and everyone will regret it.
View OriginalReply0
NftDeepBreather
· 01-12 05:25
4.8x oversubscription, this buzz is really hot to handle
The first round of funding for the Trove project has been finalized. The total amount raised reached $11.937 million, with an oversubscription multiple of approximately 4.8 times, showing significant enthusiasm. Notably, the project team had considered extending the new issuance window, but ultimately decided against it—this ensures that participants' shares will not be excessively diluted due to quota expansion. Refund arrangements for the oversubscribed portion will be completed before TGE, with token release starting at 1:00 AM Beijing time on January 21. This timing is somewhat tight, so investors should pay attention to relevant notifications to confirm in a timely manner.