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$COOKIE Token Launches June 13th with $5.5M in Funding from Top Web3 VCs

The $COOKIE governance and utility token from the Cookie Ecosystem is gearing up for its launch on June 13th, 2024, at 10 am UTC.

This launch follows a successful funding round that raised $5.5 million, including $3.3 million from seed and strategic investments. Top Web3 venture capital firms, such as Animoca Brands, Spartan Group, Mapleblock Capital, and Castrum Capital, backed the project.

The Cookie DAO, a collective supporting MarketingFi, announced the $COOKIE token launch. This innovative token is the first of its kind in the MarketingFi sector, offering multi-airdrop utility across Cookie3 platforms and a demand mechanism tied to AI data credits redeemable exclusively with $COOKIE.

Strong Investor Support for $COOKIE

The $COOKIE launch is bolstered by strong seed and strategic investment rounds, raising $0.5 million and $2.8 million, respectively. Leading Web3 VCs, including Spartan Group, Baboon VC, GSR, Hartmann Capital, and Poolside, participated in the seed round.

Animoca Brands led the $2.5 million strategic round, with participation from other strategic investors like Mapleblock Capital, Castrum Capital, Founderheads, Unreal Capital, Oddiyana Ventures, ChainGPT Labs, SkyVision Capital (SVC), New Tribe Capital, Undefined Capital, and Kangaroo Capital.

“Businesses need efficient marketing on a sustainable budget, and influencers need audiences to engage with their content. The Cookie Ecosystem offers a comprehensive solution, enabling users, creators, and businesses to grow together,” said Vijay Garg, founding partner at Mapleblock Capital.

Top Web3 angel investors also supported $COOKIE, including Miko Matsumura of Gumi Cryptos Capital, Delroy Fong of Amber Group, Lavenjer Yeung of SevenX Ventures, Tal Cohen of Kraken, and many others.

Decentralized Vision for Marketing

The Cookie DAO, a fully decentralized organization, stated, “We founded Cookie DAO with the belief that marketing budgets should benefit users rather than advertising giants. By giving users a stake in the project, we harness word-of-mouth promotion, the most effective marketing method. We are honored to have so many investors and backers share our vision.”

$COOKIE IDOs on ChainGPT Pad and Polkastarter

$COOKIE has raised $5.5 million in total, with an additional $800,000 round open to the public through Initial DEX Offerings (IDOs) on Polkastarter and ChainGPT Pad. The Polkastarter IDO registration is now closed, and ChainGPT Pad IDO registrations will open on June 5th, 2024. The IDOs are scheduled for June 11th and 12th, respectively.

“The $COOKIE IDO Allowlist on Polkastarter saw immense interest from a highly engaged community. We’re excited to support this project and its community!” said Joao Leite, managing partner at Polkastarter. “We believe in $COOKIE’s potential to redistribute marketing value among stakeholders and are thrilled to be part of this journey.”

Ilan Rakhmanov, CEO and co-founder of ChainGPT and ChainGPT Pad, added, “As the accelerator for the Cookie Ecosystem, we’ve closely worked with the Cookie3 and Cookie DAO teams. Their professionalism and innovative ideas have exceeded our expectations. We look forward to the $COOKIE IDOs and the listing, and we are excited to see Web3 marketing evolve into a collaborative and inclusive MarketingFi ecosystem with $COOKIE leading the way.”

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Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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