The public token sale, which took place on Dec. 29, 2021, added to a private sale which garnered some $32 million, announced at the time the Agoric proof-of-stake base layer went live in November 2021. Combined with an earlier seed round, the project has thus far generated over $85 million. The public sale of BLD staking tokens has also brought another 40,000 or so new account holders to the Agoric blockchain.
Since then, it’s morphed into a proof-of-stake blockchain, linked to the Cosmos ecosystem, looking to create a safer decentralized finance (DeFi) realm than currently exists elsewhere.
Now that the Agoric consensus layer has been built with the Cosmos SDK, the next phase, which will go live in the next quarter or so, is fleshing out the economic applications layer, which will also include a “stable token” called Run, said Tribble.
This first phase of the application layer is just to get the economy deployed, stabilized and integrated with the whole Cosmos Inter-Blockchain Communication protocol, he said.