Sperax, a decentralized financial infrastructure, will open a public offering on August 14. Chinese and American citizens are not allowed to participate

Sperax, a decentralized financial infrastructure, announced that it will open a public offering on its official website at 8 o’clock on August 14th, US East Coast time, and continue until 8 o’clock on August 28th. The public offering plans to sell 230 million SPA tokens (4.7%), with a unit price of US$0.02 and no lock-up mechanism. The public offering will not be open to Chinese and American citizens due to compliance considerations. Sperax said that there have been two rounds of fundraising history before, and the historical token sale price: In November 2019, the private placement round raised $6.1 million (approximately $0.01/SPA), and in March 2020 it raised $200,000 (approximately USD 0.013 / SPA). Investors in this project include Outlier Ventures, FBG and other institutions.