Kraken has launched its SportFun (FUN) token sale, with subscriptions closing at 1 PM UTC on December 18th. The token is priced at $0.06, valuing the company at approximately $60 million after full dilution. Under the unlocking plan, 50% of the tokens will unlock during the Token Generation Event (TGE), and the remaining 50% will unlock linearly over the next six months. SportFun is an on-chain fantasy sports platform where users can own, trade, and use virtual athletes to compete.
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