The U.S. Department of Justice (DOJ) announced on Friday that Robert Wesley Robb, 46, from Colorado, pled guilty to wire fraud for deceiving investors with false promises about a Maximum Extractable Value (MEV) cryptocurrency trading bot. Robb solicited investments via social media, claiming high returns and pressuring individuals to invest quickly. On Sept. 8, 2023, […]
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Infinite Launch – The Next Disruptive Launchpad Listing On Kucoin After Closing $2.2M Fundraising Rounds
Infinite Launch is a next-generation cross-chain gateway for top Decentralized Finance(DeFi) and Non-Fungible token(NFT) projects with its unique allocation mechanism. The platform’s goal is to provide investors with access to the allocation pool regardless of the amount.
Infinite Launch has raised .2 million in funding from reputable investors, including IBA, Everse Capital, Lotus Capital, and Phoenix Newtribe. By combining industry expertise with their extensive strategic network, these investors provide Infinite Launch with values that go far beyond money. In addition, Infinite Launch intends to raise capital to fund all future projects on the Launchpad platform.
Infinite Launch has developed a new system known as the Diamond-hand Mechanism, which aids in the creation of long-term investors for DeFi and NFT projects as well as the minimization of the pump and dump attempts.
The Diamond-hand mechanism encourages token holders to lock their tokens for a longer period, resulting in a guaranteed slot for allocation. Infinite Launch platform aims to prevent small investors from reaping a sufficient profit from launchpad projects after IDO. Big investors frequently dump the token upon listing.
“We created an innovative system to address a major pain point for small investors when investing in a launchpad project. Small investors lack the financial resources to obtain a rank and earn guaranteed allocation, so they must rely on luck to obtain a slot for the IDO.” said Henry V, Co-founder of Infinite Launch.
It is also worth noting that Infinite Launch will be listed on Kucoin after IDO, one of the largest Centralized Exchanges in the crypto space. It will be listed on KuCoin on November 25th, 2021 at 11:00 AM UTC.
Infinite Launch appears to be positioned as one of the leading IDO launchpads. This Launchpad looks promising based on the platform’s goals and vision and is set to explode.
Don-Key Collects $2.2M in Private Funding for Social Yield Farming Platform
Don-key.finance, a DeFi yield farming aggregator, recently announced the completion of its first private funding, collecting .2 million in total from renowned venture capital firms. The financing round saw participation by investors such as Genesis Block, MarketAcross, Black Edge Capital, AU21, Spark Digital, Solidity Ventures, MoonWhale, and Morningstar Ventures.
The funds will be used to develop an eToro-like social platform that will bring liquidity providers and yield farmers together. By doing so, Don-Key connects investors around the world to make the experience of trading and investing in DeFi less opaque and more inclusive.
This ‘one-stop shop’ links investors, DeFi enthusiasts and farmers to interact with each other, following and sharing ideas after joining Don-Key. Their mission is to make DeFi investments more accessible for anyone, anywhere, while reducing dependence on traditional yield framing platforms.
Don-key offers easy access to top-notch Defi trading strategies by following experienced farmers and traders and copy their strategy in exchange for a small management fee. This concept is particularly beneficial for less experienced, or low-capital investors looking to enter the DeFi world or DeFi Farmers looking to up their game.
Don-key platform provides a mix of features including “Copy Farming”, an auto-invest tool to subscribe to farming opportunities by following top farmers and browsing the platform’s leaderboard. The list of services also includes investment pooling, and drag-and-drop strategy building.
They will have access to “yield farming” opportunities by pooling their crypto holdings for liquidity. The service essentially boils down to users staking their parked assets into a DeFi market and earning interest on those deposits.
On top of that, the platform deploys its native token to power the Don-key Finance ecosystem. Dubbed ‘DON Token,’ it will be airdropped to all farmers based on monthly trading results, ROI, risk level, asset exposure and more.
Don-Key to integrate token with BSC
DON tokens represent the farmer’s yield based on his own strategies, in addition to a proportionate monthly dividend from Don-key’s total monthly yield.
Don-key’s upcoming integration with the Binance Smart Chain will be also a massive milestone that allows token holders to redeem or cash out at any time.
Commenting on the news, Gil Shpirman, Co-Founder and CEO of Don-Key said: “We are very excited to see our vision come to life, I think that what is so special about our project is that everyone that is working on it, is also going to be a future user once we launch. That’s not something you see on every project, and I think it says a lot of what we are trying to build here.”
Said Leslie T, Cofounder and Partner of GBV also added: “We are excited to be partnering with Don-Key to bring social trading to DeFi. The growth of the DeFI industry has been breathtaking, but the experience is still difficult for many new users. Don-Key addresses this with customizable strategies and ‘copy farming’ make the decision making simpler for the common user. We look forward to developing the product and growing the feature set with them.”
More than billion has been locked into DeFi protocols at a time of heightened uncertainty in the global economy. While lending, payments and derivatives platforms command a large market share, interest-bearing accounts remain one of the biggest adoption drivers for DeFi products.