Avalanche ecosystem developer and accelerator Colony Lab has launched a new feature called "Liquidity Cashing", which allows early investors such as founders or venture capital backers to sell their tokens before the lock-up period ends. According to its co-founder Le Rest, "We tokenized the token vesting contract again. So we issue a new token that matches the locked tokens one-to-one, and then we distribute it to users, who can then basically trade on the decentralized exchange we built." At the same time, it also launched a decentralized fundraising platform, the stated goal of which is to "democratize seed round fundraising for early projects, which was previously limited to specific groups including venture capital and high net worth individuals."
Earlier news, Colony Lab said it would invest $10 million to support the development of the Avalanche ecosystem. (Coindesk)