Coinlist Pro Announcing CoinList’s First Liquid Token Sale and Distribution: $RLY

Announcing CoinList’s First Liquid Token Sale and Distribution: $RLY

We’re proud to announce that starting on April 1, 2021, eligible CoinList users will be able to participate in the $RLY sale and distribution on CoinList.

CoinList was born from the idea of democratizing access to tokens that were once only available to institutional investors. Teams and communities with liquid tokens often sell large quantities of tokens from their company-held allocations to fund grants, pay salaries, and more. However, these sales have gated access and are usually done over the counter, available only to large institutions. In addition, the proceeds from these sales often flow to a central organization, rather than the protocol’s community.

CoinList is partnering with the Rally community directly to offer the first liquid token sale and distribution on CoinList.

The Rally community proposed, voted, and approved the terms of this $RLY token sale and distribution and CoinList’s facilitation. Proceeds will flow directly to the Rally community treasury, which the Rally community governs and spends on behalf of the Rally Network.

We are excited to help democratize access to liquid token sales and further $RLY token distribution on behalf of the Rally community.

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