Join the Waiting List: Cere Token Offering Quickly Sells Out on Republic

The Cere token offering on Republic has quickly hit its max funding target of $26.3 million according to the offering page.

The security token offering reportedly went live at 10 AM ET this morning to intense demand – investor interest was so robust it was difficult for most interested investors to gain access to the offering. As it stands now, the only option is to place your name on a waiting list. The offering was listed under Reg D 506c and Reg S (international investors) and thus only accredited investors in the US could participate.

The offering page states that 2,526 investors backed the crypto offering that had a minimum investment of $1000. From comments on Twitter, it seems the deal sold out in under one hour.

The limited supply of the token upset some aspiring investors. But if you view it from an issuers perspective, the offering was a pretty huge success.

Cere Network originally said it will also list the token on a couple of other platforms and there is an expectation there will be a liquidity option for international investors so there may still be a way to get in if you are determined.

 

 

Related: Republic Swamped By Demand for Cere Token Offering, Investors Cranky as Queue is Huge


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