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@mosi115CORN sale on the Legion
Flipside AI
The Arbitrum Layer-2 blockchain token sale attracted 668 unique investors, raising $8,174,541 with a concentrated investment pattern. The investment distribution reveals 67k users investing less than $1k, while high-net-worth individuals contributed $2M. The top 9 buyers control 59% of the total volume at $4,913,271, and the average purchase size is $5,175.83, indicating moderate retail investor participation with significant institutional influence.
Corn is redefining the role of Bitcoin in the DeFi ecosystem by tackling two major issues: Bitcoin’s limited utility and the unsustainable design of existing DeFi networks. At the heart of Corn is BTCN, a hybrid tokenized Bitcoin that serves as the network’s gas token. This innovation allows Bitcoin holders to put their assets to work while maintaining control over custody options.
The Corn network is built on the secure and proven Arbitrum Orbit infrastructure, with integrations spanning LayerZero, Thorchain, and Coinbase. By aligning network participants through its unique "popCORN" tokenomics, Corn delivers sustainable yields for both users and protocols, addressing the challenges of ecosystem fragmentation. With backing from prominent investors like Polychain, Binance Labs, and Framework Ventures, and developed by experienced teams from Badger, LIDO, and Code4rena, Corn is positioned to become the leading hub for Bitcoin in DeFi.
This dashboard highlights all the key metrics and numbers from the ongoing CORN sale on the Legion, offering real-time insights into its progress so far. With a planned token launch in Q1 2025 and a vesting schedule of 0% at TGE, a 1-year lock-up period followed by a 12-month linear vest, Corn provides a unified and long-term solution for unlocking Bitcoin’s untapped liquidity while fostering innovation in the DeFi space.
The CORN token presale had a total of 668 participants, including both venture capitalists (VCs) and community members. While the Legion team did not provide the exact addresses of VCs, I initially assumed the top 9 purchasers were VCs. However, the Legion team later confirmed that VCs contributed $4,650,000, which accounts for 56.9% of the total $8,174,541 raised. The remaining 43.1% came from community members.
To avoid misrepresenting the data, I have adjusted the category labels from 'Community vs. VCs' to 'Top 9 vs. Others', reflecting the fact that the top 9 purchasers were identified based on their contribution size rather than confirmed VC status.
The categorization of VCs was initially based on assumptions about the highest purchasers, as the Legion team did not provide a specific list of VC addresses.