Charged Particles Smashes Past 17k Participants In Forthcoming IDO Set To Launch On Polkastarter May 31
Charged Particles is pleased to announce that over 17,000 participants have registered for the upcoming IDO (Initial Decentralized Offering) since whitelisting commenced on May 20th. The public launch of Charged Particles’ Governance Token $IONX will happen exclusively on Polkastarter on May 31st 2021.
The IDO follows hot on the heels of their 10x oversubscribed seed round, where some of the most respected Web3 investment houses within the crypto space contributed toward the $1m raise.This took their total investment raised to over $2m in total..
With Charged Particles, any NFT can be transformed into a basket able to contain other ERC-20 tokens, and even other non-fungible tokens. This functionality adds true, scalable utility to the NFT ecosystem by allowing creators to load their NFTs with an interest-bearing token (e.g. aDAI) which accrues interest over time; giving the token a “Charge”. The Principal amount can be time-locked inside the NFT, and through an integration with Aave’s aTokens, programmable yield from these DeFi yield-generating assets is simple to achieve.
Charged Particles allows NFTs to become more than merely unique collectibles. By applying its innovative capabilities to load NFTs with yield-bearing tokens, NFTs or simply other tokens, the worlds of DeFi (Decentralized Finance), trading, gaming and governance will begin to see NFTs as a cornerstone of many traditionally inefficient processes.
Background And Key Events
Charged Particles was started in early 2020 as an innovative new NFT protocol combining NFTs and DeFi in a way never before seen by the ecosystem. It launched on Ethereum MainNet on 17-Feb-21 and has continued to build up significant interest since then.
Some highlights since launch include:
- Some of the biggest MetaVerse parties ever recorded. The next is scheduled for 18-June, and is set to be the biggest yet.
- Charged Particles NFT sales have surpassed $2M – including a 42 ETH ($150K) sale of “Pandora’s Box” a rare NFT containing 14 other NFTs ‘nested’ inside.
- Release of Lepton NFTs — Rare yield-multiplying NFTs to be used when liquidity mining on Charged Particles goes live in June.
$IONX Initial Decentralized Exchange Offering (IDO)
$IONX is the native governance token for the Charged Particles Protocol. The total token supply of $IONX will be 100,000,000. The supply will be broken down across community, investors, team, advisors, and foundation.
50% of the $IONX total supply is reserved for Charged Particles community members, with 1% of the total supply allocated to the public listing during the IDO on Polkastarter May 31.