CV Pad, a brand new Web3 launchpad offering entry to early-stage VC-vetted alternatives, has introduced its upcoming token sale. The IDO will function XOXNO, the main DeFi and NFT market from the MultiversX community (previously Elrond). The joint launch of CV Pad, MultiversX and xLaunchpad will start on June twenty eighth after a one-week whitelisting interval.
Launched in collaboration with MultiversX and xLaunchpad
CV Pad is launching XOXNO IDO in collaboration with MultiversX and xLaunchpad. With over $13 million in funding and over 110,000 distinctive customers, xLaunchpad is the main launchpad platform for launching initiatives within the MultiversX ecosystem.
The collaboration will leverage the strengths of the three platforms to offer 360-degree help to initiatives launched on MultiversX. The joint launch can even give retail members entry to new high-quality alternatives, particularly inside the MultiversX community.
XOXNO Community: Enabling Web3 Shopper Merchandise
XOXNO plans to open the door from Web2 to Web3 by integrating DeFi and NFT expertise with user-friendly options. The XOXNO platform additionally features a cell app and a Web2 non-custodial pockets, making Web3 extra accessible to learners.
Upcoming Options
XOXNO additionally has a number of deliberate options that may improve NFT performance inside and outdoors the MultiversX ecosystem.
XOXNO options embrace:
- Built-in on-chain ticketing system: XOXNO permits dynamic and transferable occasion experiences by permitting tickets to be offered as NFTs. These tickets can be utilized for pre- and post-event interactions and are powered by common sensible badge innovation.
- $EGLD Liquidity Staking: XOXNO can even act as a liquidity hub, rising the attractiveness of the token by releasing liquidity with out lockups. Charges amassed from staking will likely be burned and redistributed as rewards to the group, fostering a sustainable ecosystem.
- Mortgage Protocol: XOXNO additionally leverages NFTs as collateral for loans, offering a brand new answer for borrowing. The protocol ensures transparency and real-time monitoring and switch of possession by on-chain tokens, offering a safe and environment friendly lending system.
- Sovereign Chain: XOXNO's customizable blockchain is specialised in NFT expertise, permitting full-stack customization, and the native token is built-in into the fuel and staking course of, offering enhanced utility and enhanced performance.
- Big selection of token integrations: The XOXNO token is integral to the platform and powers transactional companies similar to Launchpad registration, market charges and rebates, and captures worth inside the borrowing and lending market, making certain constant and complete utility throughout all merchandise.
Achievements
XOXNO has helped creators elevate over $30 million by Launchpad, achieved over $25 million in secondary gross sales, and paid out over $2 million in royalties to this point.
The platform has over 125,000 distinctive customers and accounts for 90% of the buying and selling quantity on the MultiversX community ($EGLD). The XOXNO platform continues so as to add thrilling options and has room to develop.
Token Utility
The $XOXNO token has three most important features inside the ecosystem.
- Governance: Permits holders to take part within the decision-making course of.
- Buying and selling charges: Used to pay for charges inside the XOXNO platform.
- Incentives: Offers rewards for staking and energetic participation within the community.
Extra about IDO
CV Pad's XOXNO whitelist marketing campaign kicked off on June 20 at 5PM CET, with sale particulars now public. The whitelist marketing campaign will run for precisely one week, ending on June 27 at 5PM CET. Beginning the next day, June 28 at 5PM CET, whitelisted buyers can begin staking $XOXNO tokens on CV Pad.
XOXNO donations will vary from a minimal of $100 to a most of $350. 1,000,000 $XOXNO tokens will likely be offered at a set worth of $0.08 every.
For extra details about XOXNO IDO and to hitch the whitelist, please click on right here.
About CV Pads
CV Pad is a Launchpad+ that goals to drive initiatives by the TGE with a collection of companies from tokenomics help to distribution and advertising and marketing, supported by a world partnership community.
Collectively, DuckDAO, CV VC and CV Labs will leverage their intensive expertise in Web3 and conventional enterprise capital to help initiatives and supply curated investments for Launchpad buyers.
Disclaimer: The knowledge introduced on this article is a part of sponsored/press launch/paid content material and is for promotional functions solely. Readers are suggested to train warning and conduct their very own analysis earlier than taking any motion associated to the content material or firm on this web page. Coin Version isn’t accountable for any loss or harm incurred on account of or in reference to the usage of the content material, services or products talked about.
