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FARE Protocol - Seed
Panorama Inversor Profil de l'entreprise / Introduction du projet
Panorama
Fecha
May 1, 2023
Monto de financiación
$6.2M
Valuación
--
Categoría
Subcategoría
Acerca de FARE Protocol - Seed
FARE Protocol raised $6.20M in a financing round on May 01, 2023. The round was backed by Goat Capital, C Squared Ventures, 6th Man Ventures and others. In total, there were 10 investors that participated in the round.
Inversor
| Inversores | Tipear | Ubicación | Año de fundación | #Empresas de portafolio | Dirección de correo electrónico | Sociales |
|---|---|---|---|---|---|---|
| Fund | United States of America | -- | 7 | -- | ||
| Fund | United States of America | -- | 3 | -- | ||
| Fund | United States of America | 2019 | 73 | -- | ||
| Corporate | United States of America | 2016 | 52 | -- | ||
| Fund | United States of America | 2017 | 95 | [email protected] | ||
| Fund | United States of America | 2009 | 16 | -- | ||
| Fund | United States of America | 2017 | 81 | [email protected] | ||
| Fund | United Arab Emirates | 2020 | 125 | -- | ||
| Corporate | United States of America | 2017 | 23 | [email protected] | ||
| Fund | -- | 2018 | 50 | -- |
Profil de l'entreprise / Introduction du projet
The FARE ecosystem is built on probability smart contracts, which are triggered by transparent on-chain events based on probability variables. The first use case for the contracts is randomized minting and burning (or 'winning' and 'losing') of the FARE token. The system is designed so the probability of losing or burning a token is higher than minting or winning, similar to how a real-world casino operates. Instead of a centralized "house" getting the profits, the collected FARE tokens are distributed to the ecosystem.
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