The crypto market continues to move quickly, and GeeFi has been marketing its early-stage token sale using fundraising figures it says it has reached so far. According to the project, the first funding round concluded in less than two weeks and raised $500,000. The team also reports that Phase 2 has raised $800,000 through the sale of 13 million tokens.
The project describes the sale as running in phases with changing terms over time. However, timelines, pricing changes, and completion dates are ultimately controlled by the project and may change.
Ripple Developments vs. GeeFi’s Product Claims
Ripple has been in the spotlight amid ongoing developments related to banking and XRP-linked market products, including activity around XRP-focused exchange-traded products. Separately, GeeFi says it is building consumer-facing tools, including a decentralized exchange (DEX) designed to let users trade while retaining control of their private keys.
GeeFi also says it plans Crypto Cards in partnership with Visa and Mastercard to enable crypto spending where cards are accepted. The project further describes a token “burn” mechanism that reduces circulating supply; any impact on market price is uncertain and depends on a range of factors beyond supply alone.
Token Sale Information (Project-Reported)
GeeFi describes the current Phase 2 token sale price as $0.06 per GEE token. The project has also discussed potential future exchange listings and pricing targets in its marketing materials; these statements are not guarantees and may not occur as described.
Figures cited in the project’s promotion (including tokens sold and funds raised) have not been independently verified in this article.
Staking Program (Project-Reported Terms)
GeeFi states that it plans to offer staking through its wallet, with different options based on lock-up terms. In its materials, the project lists an advertised 10% APR for a no-lock option.
For time-locked options, the project lists 15% APR for one month, 22% APR for three months, and 55% APR for 12 months. These rates are set by the project, can change, and may involve risks (including smart-contract, liquidity, and token price risks). GeeFi also describes a referral program as part of its marketing incentives.
General Risk Context
Early-stage token sales and new staking programs can carry substantial risks, including limited track records, potential changes to product plans, and the possibility that exchange listings or adoption do not materialize. Readers may wish to review primary project materials and independent sources before making any decisions.
Learn More
Project website (for reference) – geefi.io
Project social account (for reference) – @GeeFiOfficial
This article contains information about an early-stage token sale. This outlet is not affiliated with the project mentioned. This article is for informational purposes only and does not constitute financial or investment advice.
