The cross-chain interoperability protocol Axelar will officially launch the AXL token tomorrow

Chain Catcher news, based on the Cosmos cross-chain interoperability protocol, Axelar announced that it will officially issue the AXL token tomorrow. A total of 1 billion AXL will be minted during the genesis period, with an approximate circulating supply of 30 million on the first day of release. Additionally, Axelar conducted an AXL community sale through CoinList in March this year, and there will be no new token sales or airdrops during this release.

It is reported that Axelar completed a $25 million Series A financing led by Polychain Capital last July. In February this year, Axelar completed a $35 million Series B financing, reaching a valuation of $1 billion. (Source link)