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French Exchange LordToken Sets To Go Live Following A US$15.7 Million Fundraising
LordToken, the french exchange powered by Binance Cloud has successfully completed its initial funding round, raising US.7 million in several rounds of token sales. This sets the stone rolling in preparation for the grand launch of the LordToken exchange.
François Denis the co-founder of LordToken made a key remark to expressed his optimism towards the conclusion of the fundraising and the upcoming launch of the platform:
“This is an exciting time for us and everyone who believes in the LordToken mission; our fundraising drew more significant interest than we had anticipated, which shows how much the community believed in the project. With the launch date approaching, this will mark the start of a long journey for us as we pioneer the future of revolutionary cloud-based cryptocurrency exchange.”
The LordToken fundraising was conducted in two phases, the first round was concluded in November 2021 with a .5 million raise, followed by a .2 million raised in the second round which was concluded at the end of January 2022. According to LordToken, the conclusion of the token sales will pave the way for the issuance of its native tokens, the LTT, which will be listed on popular DEX and the LordToken Exchange on the 9th of March.
LordToken is a service platform that facilitates access to the crypto-assets ecosystem with high-end customer service to bring to its users an unmatched trading experience.
Lordtoken Is A One-Stop Solution To The Current Crypto Exchange Woes
Security and Compliance: Cryptocurrency exchanges have long been the subject of contention, owing to multiple incidences of hacking and concerns with anti-money laundering measures. However, regulatory attention is gradually shifting to their main activity, which is trading. To address this brewing issue from the root, LordToken is already in discussion with major regulators in several jurisdictions and has also incorporated strict partnerships with KYC/AML leading players.
Liquidity: Orders will be processed swiftly on a high-liquidity exchange. The ease with which an asset may be converted into fiat currencies, or from one cryptocurrency to another, is referred to as liquidity. This is a critical feature of the cryptocurrency industry.
Being one of the first European company to collaborate with Binance Cloud, LordToken has the unmatched privilege of accessing deep liquidity from the Binance Cloud infrastructure. This ultimately enables the seamless exchange and trading of tokens at the best market prices.
A Glance At LordToken’s Suites Of Products
With a mission to build a fully compliant, high-security exchange in the global landscape, LordToken is not leaving any stone unturned by ensuring that it delivers an ecosystem that beats the standard already set by existing exchanges, providing a unique experience for its community of users.
LordToken is designed to be user-friendly, providing ease of access to both pros and newbies in the crypto landscape, while maintaining high privacy. The project team reiterated their commitment to being a one-stop solution by assembling, at launch or in a near future, a range of products custom-designed to serve its already growing community:
Launchpad: An exclusive token launch platform or incubator to help crypto projects to gain visibility. The LordToken Launchpad will help blockchain projects raise funds and expand their presence throughout the crypto ecosystem, allowing them to launch their product faster.
DCA & copy-trading services: In addition to providing a seamless trading experience, the LordToken exchange will be equipped with relevant trading tools such as DCA and copy-trading to give traders the edge to make the most out of the cryptocurrency market.
NFT marketplace: The LordToken NFT marketplace will serve as a conduit or meeting place for collectors and creators. Creators can offer their NFTs on the marketplace, allowing collectors to bid, purchase, and sell their favorite NFTs.
24/7 support: As a user-centric platform, the exchange places its users at the forefront of all its operations, as such it will ensure swift customer support and quick resolutions of issues.
Final Thoughts
While crypto-assets and their ecosystem is rallying towards massive adoption being driven by NFTs and DeFi products, security and compliance are becoming an everyday topic. LordToken is putting up a framework to ensure the safety of users through numerous compliance initiatives. It will be fascinating to keep tabs on LordToken to witness how it pioneers the cause of things within the crypto industry in the near future.
Solana’s Outlook Bullish Post Phantom’s Fundraising Round
Solana was on rebound as the coin was seen trading above the 0 mark. At the time of writing, Solana was exchanging hands at 7.82. This token’s recovery came right after Phantom, Solana’s native wallet concluded a successful fundraising round. In recent times, as the cryptocurrency market experienced a major-sell off, Solana too hovered in the oversold zone.
The bulls have resurfaced and technical outlook reflected a positive change at the time of writing. Over the last 24 hours, SOL gained close to 17%. Over the last week, SOL was trading between .43 and 2.27 levels respectively. The recent bullish force propelled prices to finally trade over the resistance mark of 2.27.
Price Analysis: SOL/USD Four Hour
Source: TradingView SOL/USD
Solana’s prices moved above the 20-SMA line, which meant that buyers drove the price momentum in the market. According to the technicals on the four-hour chart, indicators flashed buy signal for the coin. Trading volume of SOL also noted a major appreciation which was indicative of increased buying pressure in the market.
The Relative Strength Index was parked near the 80-mark, which meant that the coin was bordering overbought conditions. A slight push from the buyers could force RSI into the overbought and overvalued zone. The coin last hovered around the 80-mark, early in the month of December.
MACD displayed a bullish crossover at press time and displayed amplified green histograms. This reading pointed towards a buy signal for Solana. Continued buying pressure would push prices beyond the 7.82 mark to the next resistance mark at 1.58. Additional price ceiling for the coin stood at 6.43.
It is too early to say if the bulls would continue to hold their ground in the next trading sessions as the chart also had flashed a death cross in the past recent trading sessions. A death cross occurs when short term moving average is crossed over by the long term moving average.
In the above the chart 20-SMA (red) was below the 50-SMA line. A death cross is indicative of a potential sell-off. Incase of a sell-off SOL would be seen trading near the price level.
Related Reading | Bitcoin Stolen From Bitfinex Hack Moved For The First Time In Five Years
How Has Phantom’s Fundraising Helped Solana
Phantom’s announced via a blogpost about raising 9M Series B funding round along with launching an iOS Phantom App. The Series B funding round was led by Paradigm. Previously, six months ago Phantom brought home M from Andreessen Horowitz after concluding its Series A. This Series B funding round has so far secured .2M already.
Solana also has plans of expanding by supporting Web3 on its blockchain and additionally introduce multi-chain features in the upcoming time. Phantom success has positively affected Solana’s investors.
Solana has had multiple network issues including outages and congestion faced in recent sessions. Solana had undergone a DDos attack four times in the last couple of months. With Phantom’s intervention, Solana’s investors might just gain some more confidence helping Solana grow.
Related Reading | Ethereum Price Surges 30% Over Last Week Lows, Addresses Holding Over 0.1 ETH Reach New ATH
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.
ASPO WORLD Eyes IDO After Closing $2 Million Fundraising Round
ASPO is a game universe backed by a strong and talented Vietnamese team with the hope of turning P2E games into the future of digital assets. ASPO is currently developing its very first project called ASPO World, a tactics-based game allowing people to interact with one another in the virtual world they create. ASPO World is incubated by Icetea Labs and has recently closed million in funding from notable VCs. These include Icetea Labs, Hashed, Raptor, Gate.io, DaoMaker, Everse Capital, CoinCu Ventures and more than 20 other partners. ASPO’s team has also been working very closely with GameFi and Red Kite for its upcoming events, one of which is the IGO on 14th November.
The upcoming IGO on GameFi and Red Kite will mark a milestone for ASPO World in its journey to becoming the giant in the field of blockchain-based games. The ASPO team is here to redefine the purpose of gaming. They strongly believe that not only professional players can have fun and make money but ordinary gamers also can do the same.
About ASPO World
ASPO World is being developed by an experienced Vietnamese Game Studio behind many successful games that have been released in 7 Asian countries, in association with ROXCE Capital – a Singapore-based company specializing in technology research and development as well as financial consulting in the fields of AI, Crypto/Blockchain, Cloud, Data Science and VR Metaverse.
ASPO World, with its great graphics and designs, will take players across the world of the greatest sorcerers. In this world, the powerful reign supreme and everyone is eyeing the “King of Sorcerers” title. Players joining ASPO World are required to choose one of the three classes ASPO has designed (Fighter, Hunter and Witch) as their main character along with 4 four other companions (spirits) to form a strong team in the arena.
By engaging in the battles and activities, players can claim NFTs that can be traded on the game’s Marketplace. Players in ASPO World do not individually go on the journey on their own but with other companions. In particular, we are developing the “Guild” feature to create better player connections. In the future, we expect to organize tournaments for the whole community of ASPO to join, making the game as interactive as possible.
ASPO World was created with the aim of promoting Vietnamese NFT games to the global playing field and we hope to put players as the center of this and all of our next games. Specifically, ASPO World is created by a team with ten years of expertise in game creation and publishing in Vietnam, with the help of prominent professionals in the fields of online games, technology, and finance, with the goal of transforming traditional games into the digital assets of the future.
Play, Earn and Have Fun
Players are required to invest a tiny sum to build a team of 5 members (1 main character and 4 spirits). ASPO World is planning to launch its in-game token to upgrade characters, buy stuff on the marketplace, and participate in PVP activities.
ASPO World creates and maintains a market economy based on a semi-automated method that is fair to all players. All in-game items earned through grinding can be converted into NFTs and traded with other players or investors via the marketplace. The price of these NFT products will be determined by the supply-demand mechanism of the in-game market, and who knows, maybe one day while exploring ASPO World you’ll come across a rare drop and hard-to-find item worth “millions of dollars.”
Product Roadmap
ASPO’s team has carefully planned every single step for the future development of our game universe, and with the support of Icetea Labs and some other great ventures like Hashed and Raptor, we’re very confident we’re going to make it a reality.
ASPO World will release its beta test in late November before organizing the first tournament for ASPO World’s players next year, probably in Q2 or Q3 2022. The team is also launching their side-chain (developed by our block chain advisor, Mr.Thanh Le) to smoothly handle all transactions.Lastly, ASPO expects to launch a new game when everything is ready, but they will also constantly review ASPO World on an ongoing basis to make sure players can have the best gaming experience.
Keep up to date with ASPO’s latest developments on their official social media channels like Twitter and Telegram.
Emerging DeFi Fundraising Platform: AEGIS Launchpad Sets Date for Its IDO
DeFi has become a popular alternative to traditional finance. Decentralized finance allows users to have maximum control over their assets, automates financial transactions, and eliminates intermediaries which are common in traditional finance. This explains why DeFi is widely adopted.
However, there are inherent risks of losing funds in the DeFi space, and conducting an IDO across multiple chains is rare. In addition, there is a shortage of launchpads that guarantee investors funds and privacy. Only a few platforms have a solid vetting model to filter out scams. Aegis promises to solve these issues and provide an all-inclusive platform where fundraising can be initiated without the fear of losing funds because the company vets the projects before listing them.
The new fundraising platform for DeFi projects is AEGIS Launchpad and they are currently preparing for its IDO in October. After Aegis finishes its successful private fundraising that raised 0k, the launchpad aims its public sale round on October 12, 2021. Potentially after the upcoming IDO, the platform plans to soon raise another 0k in private funding,
IDOs Will Benefit AEGIS Launchpad
Despite being newer, IDOs have become more preferred over ICOs and STOs and there is good reason for this. IDOs allow token distribution to the public conveniently, which is an emerging platform Aegis needs. IDOs are decentralized, meaning there’s no central form of control. Projects are expected to pay exchange fees when listing their projects and this is a common occurrence with ICOs and IEOs. However, project owners don’t have to pay high fees with IDOs and require no permission.
The IDO launch will present Aegis’s native token $AEGIS. Traders will be able to purchase $AEGIS, swap cryptos/stablecoins, stake their assets, and have a major influence on Aegis development. The more $AEGIS token you possess, the more influence you exert in the community.
IDOs also offer immediate liquidity at almost all price levels and allows projects to access funds as quickly as possible. It also waves pre-mines, which favors project owners. These are the apparent reasons for the launchpad’s IDO launch.
AEGIS Tends to Rectify The Errors Prevalent In The DeFi Space
AEGIS Launchpad claims to be the first decentralized multi-chain protocol with an insurance system. According to the company, the innovative cross-chain functionality with insurance enables fundraising from multiple blockchains while protecting clients funds. In addition, the platform allows multiple chain sales, where project owners can diversify their fundraising methods to attract more investors across several crypto communities. Most launchpads lack this, but we broaden the project owners’ reach to capture potential investors by possessing multi-chain capabilities.
AEGIS towers over other platforms with its multi-chain wallet connections. Investors can swap, stake, and claim their rewards conveniently at no cost when using their swap tool. Additionally, investors can manage their funds across several blockchains without trading limitations. Beneficially, users can choose to stake in any asset of their choice.
AEGIS aims to create an advanced experience for users by utilizing features proportional of DAO governance levels, tier-free allocation systems and sustainable liquidity by implementing RFI mechanics.
The Pad product is another exciting feature of AEGIS. It is a play-to-earn game that gives the user the opportunity to earn $AEGIS tokens each time they win. Although this product is available on the platform, it’s not open for public use until soon after the IDO launch.
Since the start of the year, AEGIS Launchpad has hit some significant milestones. The company’s conceptualization and team recruitment during Q1 was followed by beta testing, testnet releases, smart contract design, and the unveiling of its game development plan in Q2. By the next quarter, the launchpad had its public and private sale rounds and partnered with reputable venture funds like BlueMoon Ventures.
BSC Based DeFi Light Game CryptoTycoon, Has Completed Seed Round Fundraising
April 30, DeFi light game CryptoTycoon has announced the confirmation of the institutional fundraising seed round. Participating institutions include HappyBlock, CryptoDiffer, R8 Capital, A195 Capital, 4SV, AKG Venture, PrimeBlock Ventures, Amplio Capital (BitMart Labs), T3E (MW partners) , Infinity Labs, CatcherVC, BenMo Labs, BEST, Horizon Capital, Ternary Capital, 7Star Capital.
According to the official website, CryptoTycoon is a DeFi light game platform built on Binance Smart Chain (BSC). All the founding members of CryptoTycoon have worked in Tencent Interactive Entertainment (IEG), and have been involved in product planning and front-end operations in first-line online games.
From the perspective of DeFi design, CryptoTycoon is integrating DeFi model into the Monopoly game. Players can spend BNB, BUSD, USDT and other BSC tokens in the game to get a chance to roll the dice. To participate in-game mining, players need to build different types of buildings on different grids, and pay tax to maintain mining output.
The total number of CryptoTycoon tokens CTT is 1 million. According to the agreement, the seed round institution participants will not be able to unlock until June 2021, which has total of 3% of the CTT supply. In addition, due to the CTT on-chain transfer will have 5% burned. Therefore, it is expected that the issuance and transfer of institutional investments will have 3000 CTT to be burned.
According to the Route map (to-do list) of CryptoTycoon, after the seed round is completed, there will be a community round and IDO/IFO fundraising rounds, and CryptoTycoon in-game beta will also arrive in late May. Players who participating in the beta will also have a chance to get high-value BNB and CTT airdrops during the beta.
Italian Red Cross Sets New BTC Fundraising Goal for Covd-19 Emergency Ops
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Ripple Closes $200 Million Fundraising Round, But Community Questions Motives
FinTech startup Ripple announced today that they are capping off a “record” year with a 0 million Series C fundraising round, which was completed in hopes of providing them with more flexibility to help continue building their operations on a global scale.
This fundraising round comes concurrently with significant community criticism of the company’s regular market sales of XRP tokens, which has been largely looked upon as the impetus of the lackluster price action it has seen throughout 2019, and especially in the first half of the year.
Ripple Closes Massive Fundraising Round in Hopes of Fueling Growth
Ripple announced the close of their Series C fundraising round in a recent blog post, in which they note that it was led by Route 66 Ventures and SBI Holdings, who are both long-term partners that will help the company continue its rapid global expansion.
Ripple CEO Brad Garlinghouse spoke about this within the blog post, boasting about Ripple’s growth in the face of dire market conditions that have led many companies to shut down their operations.
“We are in a strong financial position to execute against our vision. As others in the blockchain space have slowed their growth or even shut down, we have accelerated our momentum and industry leadership throughout 2019,” he explained.
The company also notes that these investments will allow them to onboard more talent that will help them to continue meeting market demands.
Community is Skeptical of Fundraising Initiative as Company Continues Offloading XRP Holdings
It’s no secret that much of the cryptocurrency community has been outraged at Ripple’s quarterly XRP sales, which have been widely deemed as the root of XRP’s lackluster price action in the early half of 2019.
Larry Cermak, the director of research at The Block, spoke about this fundraising round in a recent tweet, noting that Ripple has already raised 0 million worth of XRP over the past four quarters, which makes it unclear as to why they need this funding.
“It’s really crazy that Ripple sold 0 million worth of XRP over the last four quarters and still is raising 0 million in venture capital,” he explained.
It’s really crazy that Ripple sold 0 million worth of XRP over the last four quarters and still is raising 0 million in venture capital. pic.twitter.com/sadYoniwrj
— Larry Cermak (@lawmaster) December 20, 2019
Cermak further went on to note that Garlinghouse’s justification for the fundraising round was having “balance sheet flexibility,” which leads him to believe that they are simply diluting their equity because they weren’t able to market sell enough XRP this year.
“Garlinghouse, CEO of Ripple, told Fortune that Ripple did not need the money but that the funds will provide “balance sheet flexibility.” Whatever…that means. Diluting equity because they couldn’t dump enough XRP on people this year. It’s a massive joke,” he boldly stated.
Garlinghouse, CEO of Ripple, told Fortune that Ripple did not need the money but that the funds will provide "balance sheet flexibility." Whatever the fuck that means. Diluting equity because they couldn't dump enough XRP on people this year. It's a massive joke
— Larry Cermak (@lawmaster) December 20, 2019
Unless there is a massive shift in the overall market trend, it is highly probable that XRP will continue seeing firm downwards pressure from Ripple’s quarterly XRP sales, which are unlikely to subside despite their recent fundraising round.
Featured image from Shutterstock.
The post Ripple Closes 0 Million Fundraising Round, But Community Questions Motives appeared first on NewsBTC.
Singaporean Govt Blockchain Platform Facilitates $15.7 Million in Fundraising
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