100,000 investors deluge Casper Labs’ token sale, with most expected to miss out

More than 100,000 investors are trying to participate in CasperLabs’ offering on CoinList, but only about 12,000 are likely to secure tokens.
That’s about 10X more hopefuls than are likely to secure tokens in the sale.It’s the first 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 between $100 and $1,000 worth of tokens each.If every investor invests the full $1,000 allocated to them, only 12,000 investors will be able to participate. With 15% of tokens already sold and more than 100,000 people queued up, the only way everyone will be 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 sale so far.Waiting room to participate in Casper Labs’ tokensale: CoinListThe token sale has broken the previous record for signups on CoinList, held be the community sale for Dapper Labs’ FLOW token which had more than 12,000 people.After 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 first phase allocation increased from 400 million CSPR (or 4% of genesis supply) to 800 million tokens (or 8%). Purchase limits were reduced from $5,000 to $1,000.The sale’s second phase, which launches on March 25 and will …
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