The acronym ICO stands for Initial Coin Offering, a fundraising method in blockchain that businesses use to raise capital by offering their native token to the investors at the base price. The article focuses solely on CeBioLabs ICO, which started on Aug 1, 2022, and will end on Sep 26, 2022. Let's clearly picture the project and then discover the CBSL ICO details. Also, to learn more about ICOs, you’ll enjoy this ultimate guide.
CBSL (CeBioLabs) is a German startup founded in late 2021. It combines Blockchain technology with the emerging Cannabis and CBD market. CeBioLabs consists of various projects and products, including unique Blockchain-based Supply Chain Management, a Decentralised Marketplace for Cannabis and CBD producers and consumers, a Blockchain-based Platform for Certificates of Authenticity, global E-Commerce projects in the field of CBD and Cannabis, Global E-Commerce Projects and Cannabis/ CBD Technologies.
CeBioLabs owns its unique token CBSL, a utility token that plays a vital role in linking blockchain technology to CBD and cannabis market players. It will be available to companies to pay the usage fees for our B2B solutions and services, such as CeBioLabs SCM, CBSL Marketplace and Blockchain-based Certificate of Authenticity. CBSL token is based on the Binance Smart Chain (BSC) with a total supply of 100000000 tokens. Yesterday, on Sep 17, 2022, CeBioLabs announced that the CBSL token was listed on Coinmarketcap. However, the financial information is not released yet, and you can follow the latest price information and charts on Cryptologi.st after its launch.
According to the CBSL official website, a total of 25% (25,000,000) of the 100000000 CBSL tokens will be sold to investors as part of the token sale (ICO). The remaining 75% of the total CBSL tokens (75,000,000 CBSL) will stay in possession of CeBioLabs after the token sale and be used for various functions and measures. The following image depicts the CBSL token distribution and its details.
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