That'southward nigh 10 times more hopefuls than are likely to secure tokens in the sale.

It'southward the commencement of three phases to Casper's token sale and commenced on March 23 at midnight UTC. Investors are competing for 800 million CSPR tokens at prices of $0.015, with the tokens subject to a 12-month lock-up. Participants are limited to purchasing betwixt $100 and $i,000 worth of tokens each.

If every investor invests the total $1,000 allocated to them, only 12,000 investors will be able to participate. With xv% of tokens already sold and more than than 100,000 people queued up, the only way everyone will exist served is if each investor tips a meager $102 into the sale.

Investors hoping to participate in Casper Labs' CSPR token sale on CoinList are in for a rude shock, with more than 100,000 investors queuing up for the auction then far.

Waiting room to participate in Casper Labs' tokensale: CoinList

The token sale has broken the previous tape for signups on CoinList, held exist the community sale for Dapper Labs' Period token which had more than 12,000 people.

Afterward receiving more than 100,000 sign-ups for Casper's offering, CoinList reduced purchase limits and raised the number of tokens allocated to each phase of the sale. The starting time phase allotment increased from 400 one thousand thousand CSPR (or four% of genesis supply) to 800 million tokens (or 8%). Purchase limits were reduced from $v,000 to $1,000.

The sale's 2d phase, which launches on March 25 and will see tokens sold for $0,02 with a six-month lockup, saw its allocated supply increase from 300 1000000 to 400 million and its maximum purchase size reduced from $1 meg to $250,000.

The last stage of the sale will distribute tokens that will freely trade later a twoscore day-vesting period. Its allocation increased from 300 million to 400 million, while purchase limits dropped from $30,000 to $5,000.

In a bid to prevent website outages amongst high demand from investors, as was seen during Nearly'due south offering on CoinList in August 2020, CoinList implemented virtual waiting room software for the Casper auction.

After starting time life as a development team working on proof-of-pale scaling for Ethereum 2.0, Casper Labs announced it was pivoting to build its own blockchain in April 2020. In Feb 2021, the team appear it had partnered with Cathay'south Blockchain Service Network to make its smart contract platform available to developers building on the BSN.

Despite the surging demand for Casper'south token, a former employee filed a lawsuit confronting CapserLabs accusing the team of distributing misleading marketing materials ahead of the auction.