BreederDAO Will Conduct Token Launch Auction (TLA) on Copper

BreederDAO, the NFT asset production platform, has announced that it will conduct an initial token launch auction (TLA) on Copper. The event will last three days, starting at 14:00 UTC on April 26 and ending at 14:00 UTC on April 29. The total supply of tokens allocated is 45 million and users can purchase $BREED using $USDC, $DAI, $ETH and $WETH. The TLA will use the BLBP (Balancer Liquidity Bootstrapping Pool) mechanism with a starting bid of $1.5 USDC and an initial weighting of 96:4 ($BREED/$USDC), which will gradually decrease over the duration of the TLA to a final weighting of 50:50. Previously, BreederDAO closed a $10 million Series A round of funding led by a16z and Delphi Digital in January of this year.