- Toyoverse IDO holds on the 9th of March on Kommunitas
- IndiGG token sale holds on 8th March on FTX
- Axelar token sale holds from 9th of March on Coinlist
Token sales has allowed a lot of crypto investors to invest in promising and innovative products, and realize financial gains, some great, some not so great.
It has also enabled product creators, and founders to access capital quickly and be able to build their products.
With little to no limitation, the crypto token sale crowdfunding system in whatever name or form it takes has ensured that micro investors are able to invest as little as few dollars to thousands of dollars. This has allowed investors to grow their portfolio and be able to rise up to gain access to more investment options.
There are always at least 5 to 10 projects raising funds daily across the crypto industry, and in this video, we shall be looking at some of the top 3 token sales for the second week of March, 2022.
The first on our list is: Axelar Token
What is Axelar?
Axelar is described as the universal overlay network, securely connecting all blockchain ecosystems, applications, assets, and users to deliver web3 interoperability. It is a decentralized interoperability network connecting all blockchains, assets, and apps through a universal set of protocols and APIs.
Axelar wants to empower developers to build scalable, cross-chain decentralized applications.
Basically, Axelar is saying to developers, come to my network, build your apps, and get access to a wide range of connected networks. Currently connected to the Axelar network are Fantom, Ethereum, Cosmos, Keplr, Terra, Polygon, Pangolin, Avalanche, Polkadot, Spookywap, Moonbeam, Cosmostation.
The project is backed by Polychain Capital, Coinbase Ventures, Binance, Rockaway Blockchain Funds, Galaxy Digital, North Island Ventures, Dragon Fly Capital, Blockchange, Morningstar Ventures etc. where it raised $35 Million to reach a valuation of $1 Billion.
On the community part, the project currently has a fair social and community presence.
The Project’s Team:
The project is led by the CEO, Sergey Gorbunov, a Co-founding Engineer, an assistant professor at University of Waterloo, Canada. He is a founding member at Algorand.
Georgios Vlachos is also a Co-founding Engineer, and a founding team member at algorand. He also worked in the role of design and development at consensus.
Other team members seem to have some impressive resumes.
The project has released a demo app called Satellite, which is a decentralized cross-chain asset transfer application, and has reached over $30 million in total value locked within weeks of release.
The token has a total supply of 1 billion tokens with 5% which is 50M allocated for public round or IDO.
The AXL token is native for underlying economic activities on the network.
The Axelar Token sale begins on the tuesday, 9th of March, 2022 by 18:00 UTC with one sale option, and will run till 16th of March.
The token is to be sold at $1/AXL token.
Minimum investment is $100, while the Maximum investment is $750.
The team has a lock up schedule. The token will be unlocked around the 11th of May, that is two months after the end of the sale, and released linearly over a 9 month period. All other token allocations will be released linearly between a period of 2 to 4 years.
The token sale is to be held on the CoinList platform. You can check the website to register for the IDO. In case you are not able to invest upon the IDO, you can always buy when it is listed.
The second on our list is: IndiGG
What is IndiGG?
IndiGG is the India sub-DAO of Yield Guild Games built in partnership with Polygon Studios. Indigo aims to be the biggest guild in India, empowering gamers using innovative web3 ideas, and innovations.
The project is backed by Polygon, FTX, FTX Gaming, Polygon Studios, Yield Guild, YGGSEA, Biconomy.
The token sale is to be held on FTX on March 8th, 13:00 UTC.
There are 3,000 tickets, and each ticket for 4,000 INDI tokens. From a total supply of one billion tokens, 12 million will be sold during the token sale.
The minimum bid is $350 and the maximum bid is $400 + 5 FTT ($0.1 per INDI + 5 FTT).
To participate in the sale, a user must have staked 150 FTT by 13:00 UTC, March 7th else will NOT be allowed to participate in this Sale. A user who has not been approved to at least KYC level 2 will NOT be allowed to participate in this Sale.
The third project is: Toyoverse
What is Toyoverse?
Toyoverse is the Toyo metaverse that houses the adventures of Toyo. The Toyoverse ecosystem consists of NFTs and collectibles which are of different editions of Toyo, attachments, body parts, and skills. These NFTs/Collectibles and tokens are rewards for players in the Toyo metaverse. The Toyoverse NFT marketplace serves as an exchange for NFTs and collectibles, gamers on the platform exchange assets and purchase individual gameplay enhancements on the marketplace.
The token sale or IKO as it is called on the Kommunitas.net platform where the token sale is to be held is slated for wednesday 9th March, 2022.
With a total supply of 150 million TOYO tokens, 250,000 tokens are to be sold to the public in the IDO. The tokens will be sold at a price of $0.30 to raise a target sum of $75,000.
Toyo is a polygon based token, acceptable token is USDC based on Polygon. The project will begin with an initial market cap of $664K.
The project has some interesting releases set for the year. Between Q1 and Q2, it aims to release the TOYO Marketplace, Alpha Game Pvp Module, as well as two NFT Collection drops.
The Toyoverse has joined hands with projects such as Toyoverse has partnered with Seedify, Polygon Studios, CryptoBlades, Lithium, Kommunitas, PlayPad, Safelaunch etc.
Conclusion: As a smart investor, you have to realize that you may not be able to invest into projects during their token sales. You’ll have to therefore get in when it’s already trading if there are potentials for the tokens to give you your target ROI.
In our article, we shall be expecting more IDOs/IGOs you can get into.
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