Blockchain firm Casper Labs has partnered with BitMax.io for the sale of its native token. The validator tokens will be listed on BitMax's Exchange Validator Offering (EVO) platform, the initial exchange offering (IEO) platform of the exchange.
As detailed by the announcement, the company is aiming to raise $3 million by selling CLX tokens. It has mined a total of 10 million of the native token on the Casper Labs blockchain. 70 percent of the tokens will be sold to the investors, while 12 percent will be kept for developers and distribution as incentives. 10 percent of the tokens will be distributed among CasperLabs shareholders and 8 percent for the employees for incentive programs.