HomeNewsCere's first token offering sold out in an hour!

Cere’s first token offering sold out in an hour!

Cere Network announced that the network’s native tokens sold out within an hour of its first token offering. These tokens were sold through the Republic platform.

Looking at the significant demand, the network has decided to launch its public sale through three platforms. This will be industry-first for a crypto network to launch its public sale on multiple platforms simultaneously. Other than Republic, Cere Network will host its public sale through Polkastarter and DAO Maker.

Cere Network has been doing rounds for being one of those ‘rare’ projects with an actual product and real-world clients. The network has backing from Binance Labs, Fenbushi Capital, Arrington XRP Capital, Republic labs, OKEx, AU21 Capital, Kenetic Capital, NGC Ventures, QCP Capital, Woodstock Fund, JRR Capital, Ledger Prime, G1 Ventures, ZB exchange, Gate.io Exchange, Spark Capital, and others.

On this occasion, Cere Network’s co-founder Fred Jin said,

With Snowflake having the largest software IPO in history in 2020, Cere Network’s decentralized data cloud shows the immense opportunity still present when it comes to data clouds.”

He added,

“The demand and incredible sell-out through Republic show that Cere’s enterprise business offerings can further improve the decision-making and functionality for its Fortune 1000 clients by freeing data from walled gardens.”

Cere’s public offering on DAO Maker is scheduled to take place on April 22. Post that, Polkastarter’s public offering is expected to take place at the beginning of May.

Cere Network is a decentralized data cloud platform in alignment with Polkadot, with optimization for service data integration and data collaboration. The network is the first-of-its-kind offering a ground-up way to power the new generation customer data ecosystems. Using the network’s DDC platform, the network will usher a new force in decentralized data privacy and agility.

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