Lisbon, Portugal, June 24th, 2024,
Chainwire
CV Pad, the new Web3 launchpad offering access to
early-stage VC-vetted opportunities, has announced its next token
sale. This IDO will feature XOXNO, the leading DeFi and
NFT marketplace on the MultiversX network (formerly Elrond). The
co-launch between CV Pad, MultiversX and xLaunchpad will begin on
June 28th, after the week-long whitelisting period.
Co-launch with MultiversX &
xLaunchpad
CV Pad is co-launching the
XOXNO IDO with MultiversX and xLaunchpad. With $13M+ raised and
110K+ unique users, xLaunchpad is the top launchpad platform for
projects launching in the MultiversX ecosystem.
This collaboration is seeking to leverage the strengths of all
three platforms, providing 360-degree support for projects
launching on MultiversX. This co-launch will also aim to help
retail participants gain access to new, high-quality opportunities,
particularly within the MultiversX network.
The XOXNO Network: Enabling Web3 Consumer
Products
XOXNO is planning to open the floodgates from Web2 to Web3 by
integrating DeFi and NFT technologies with user-friendly features.
The XOXNO platform also includes a mobile app and a Web2
non-custodial wallet to help make Web3 more accessible for
newcomers.
Upcoming Features
XOXNO also has several planned features that are developed to
improve NFT functionality, both within the MultiversX ecosystem and
beyond.
The features of XOXNO include:
- Integrated On-Chain Ticketing System: XOXNO
will enable dynamic and transferable event experiences by allowing
tickets to be sold as NFTs. These tickets can be used for pre- and
post-event interactions and are enhanced with a universal smart
badge innovation.
- Liquidity Staking for $EGLD: XOXNO will also
act as a liquidity hub, aiming to enhance the token's appeal by
unlocking liquidity without lock-ups. Fees accumulated from staking
are burned and redistributed as rewards to the community to foster
a sustainable ecosystem.
- Loan Protocol: XOXNO will also utilize NFTs as
collateral for loans, providing a new solution for borrowing. This
protocol ensures transparent, real-time tracking and
transferability of ownership through on-chain tokens, offering a
secure and efficient lending system.
- Sovereign Chain: XOXNO’s customizable
blockchain is dedicated to NFT technology, enabling full-stack
customization. The native token is integrated into gas and staking
processes, offering supercharged utility and enhanced
functionality.
- Wide Token Integrations: The XOXNO token is
integral to the platform, supporting transaction services for
launchpad registration, marketplace fees, and rebates. It also
captures value within borrowing-lending markets, ensuring cohesive
and comprehensive utility across all products.
XOXNO has helped creators raise over $30M through its launchpad,
achieved over $25M in secondary sales, and paid out over $2M in
royalties to date.
The platform has more than 125k unique users and is responsible
for 90% of the transaction volume on the MultiversX network
($EGLD).
Token Utility
The $XOXNO token has three key functions within the
ecosystem:
- Governance: Allows holders to participate in
decision-making processes.
- Transaction Fees: Used to pay fees within the
XOXNO platform.
- Incentives: Provides rewards for staking and
active participation in the network.
IDO Details
CV Pad’s XOXNO whitelisting
campaign began on June 20th at 5pm CET, when the sale details
were also publicly announced. This whitelisting campaign will
remain open for exactly one week, closing on June 27th at 5pm CET.
The following day, June 28th, at 5pm CET, whitelisted investors can
start their contributions for $XOXNO tokens on CV
Pad.
XOXNO contributions will range from a minimum of $100 to a
maximum $350. There are 1,000,000 $XOXNO tokens for sale at a fixed
price of $0.08 each.
Users can learn more about the XOXNO IDO and join the whitelist here.
About CV Pad
CV Pad is a Launchpad+, aiming to take projects through their
TGE with a suite of services from tokenomics support to
distribution and marketing, with the support of their global
network of partnerships.
As a collective, DuckDAO, CV VC, and CV Labs utilize their
experience in Web3 and traditional venture capital to support
projects and provide vetted, curated picks for the launchpads
investors.
Contact
PR Manager
Vineet
Nair
Lunar
Strategy
vineet@lunarstrategy.com