According to PANews, Solomon Labs announced plans to conduct an initial coin offering (ICO) for its SOLO token via the MetaDAO platform. The sale will run from 2:30 AM Beijing Time on November 15 to 2:30 AM on November 19, aiming to raise $20 million in USDC. A total of 10 million SOLO tokens will be allocated for public sale, with proceeds to be used for expanding liquidity for stablecoins USDv and sUSDv, supporting decentralized exchange liquidity mining, and enhancing security and transparency. No tokens were pre-allocated at launch, and 12.9 million SOLO tokens will be reserved for team performance incentives, subject to price triggers and a minimum 18-month lockup.
Solomon to Launch SOLO Token ICO on MetaDAO from Nov 15
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