Ju.com's "Meme Ten-Phase Launch Plan" Phase 8 SMOKE Raises Over $435M, Set to Launch at 8 PM Tonight

Odaily News Ju.com announced that the subscription for SMOKE, the 8th project in its "Meme Ten-Phase Launch Plan," concluded at 16:00 on March 20th and will complete its TGE at 20:00 on the same day.

Data shows that over 42,000 participants joined this round, with a total subscription amount of approximately $435 million, representing an oversubscription of over 435 times. The platform stated that assets from this round's subscription will have no lock-up period after settlement and will be delivered as spot tokens.

Users could participate in the subscription using JU, USDT, BTC, and ETH. The platform will uniformly calculate and allocate based on a USD-pegged valuation. Furthermore, this round introduced a deflationary issuance mechanism, where any unallocated tokens will be burned.