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Dear Investor,
After a few weeks of back-and-forth negotiations, we managed to secure our spot at the front of the line for a really top-notch project. We're pretty darn excited about this one. Prior to this, we had been part of some impressive projects, but usually not right at the start – our participation has primarily occurred in the second or third rounds. But this time, we got in early, alongside big names like Polygon!
AphX Capital Team
Glacier Network
Glacier is building a composable, modular and scalable L2 data network for large-scale Dapps. Glacier empowers decentralized apps (DApp) to build on decentralized databases (DDB). It provides programmable data composability solutions powered by L2 rollup solutions to seamlessly and effortlessly handle datasets with NoSQL GlacierDB on top of Arweave, Filecoin, BNB Greenfield, and more.
backers and funds
analysis
same round as Polygon.
Earliest top-tier investment in our VC
Up until now, we have been able to come across multiple top-tier projects. But this team stands out because we're getting in at the very beginning. When it kicks off, we're only putting in around $500K to $600K in initial market value. Right now, there isn't any other Layer 2 project with a market value less than a billion dollars. That's why we're convinced this project has the highest potential for profit in our entire Venture Capital portfolio! We are providing funding for the seed round, which is the step immediately following the pre-seed round (as illustrated in the chart below)
Team of dedicated developpers
Perhaps my favorite aspect, is that the entire team consists of dedicated developers with substantial experience from Asia. It's like when the chef also owns the restaurant – you're confident the food will be great because it's coming from them. This situation is similar. We can observe that a couple of enthusiasts sporting NFT profile pictures managed to grab the attention and investment of Polygon, along with support from various backers. What's even more impressive is that they're taking charge themselves, not hiring an external CEO for show. This approach resonates deeply with the crypto community, and it's something that will surely be a bonus for investors and the entire community! - As they say "Built by Developers, for Developers " .
our deal
Seed Round / Our Price
$0.02 per token (3x-6x below public price), 5% on TGE, quarterly vesting for 18 months ( earliest investment in top tier project so far )
intial MARKET-CAP
$400,000 to $600,000
As mentioned earlier, our VC has secured its earliest and most conservative valuation for a Layer 2 deal. We will be investing only half a million in market capitalization for a chain worth several million dollars. In contrast, leading competitors such as ZK Sync, Eclipse, and Arbitrum are currently valued in the hundreds of millions.
Token launch: Q2 2024
STABLE COIN: USDT,USDC (BEP20 ONLY)
OUR ALLOCATION: $20 000 USD
MIN: 500$
MAX: 6000$
CLOSED
