Obol Token Sale on CoinList Oversubscribed by 40%
We’re thrilled to announce the success of the Obol Token Sale on CoinList, which was oversubscribed by 40%.
Obol is the largest decentralized operator ecosystem, with a mission to enhance the security of PoS L1 chains by replacing traditional validators, which often act as single points of failure, with Distributed Validators.
The sale attracted nearly 4,000 successful purchasers from over 100 countries, contributing to the growth and decentralization of the Obol community.
Registered participants committed $4.2M in purchases, far surpassing the original target raise amount of $3M. 50% of tokens purchases in the token sale will be fully unlocked and transferable at TGE, followed by a 12 month linear unlock for the remainder of the tokens.
Hundreds of participants leveraged Obol's onchain community-first discount model, enabled through partnerships with Lido and EtherFi. Sale participants that held Lido's wstETH or EtherFi's weETH on CoinList from March 3, 2025 until March 10, 2025 benefited from a lower token price and FDV.
Allocations for the sale were selected based on the “filling up from the bottom” method, designed to maximize the number of individual participants while allowing for purchasers with more capital to express their demand — a true community sale.
Stay tuned for our next sale, to be announced shortly!
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