Participation in the public sale is through the Collective Finance DApp and[プレセール]It is done by navigating to tabs.
Decentralized Finance (DeFi) Protocol collective finance has announced plans to launch its native token $CLF, built on the Binance Smart Chain (BSC) network, for general sale. As included in the press release shared with Coinspeaker, the public token sale will be accessible at a 10% discount, setting a generally low barrier to more inclusive community participation.
The Collective Finance Protocol was designed as an innovative vehicle to provide access and participation when it comes to investing in multi-tiered, yield-producing opportunities to provide broad exposure to digitized representations of commodities. Collective Finance aims to carve a unique niche in today’s fast-growing DeFi world, but is optimistic that a token sale will help speed up development across the board.
Collective Finance says it has raised a total of $500,000 to date since its inception, and said the public auction is a means of granting access to more people as it aims to bring its products to life. I’m here. The minimum investment amount to participate in the public sale is $50 and the upper limit is fixed at $500,000.
Presale with a difference
According to the protocol, its CLF token sale will be very different from much of the crypto ecosystem as a liquidity token that can be used to participate in governance activities will also be airdropped alongside the main token. A liquidity token called BTCB is designed to allow holders to tap into the significant wealth of the collective finance platform.
“Despite significant growth over the last few years, DeFi still lags traditional finance in many ways. In traditional finance, participants hold commodities such as gold, silver, and oil. , can gain exposure, but with strict limits, high fees and limited ways to generate additional passive income from such investments.”
“Collective Finance is here to bring that front to fruition by launching C Token, which represents a tradable, asset-backed, overcollateralized commodity with direct yield earning potential. By providing broad access and inclusion to a suite of products and services, as well as robust DeFi tools, we can get the ball rolling.”
Collective finance offering additional incentives
In addition to free access to liquidity tokens, Collective Finance said participants in the public token sale will also have the opportunity to issue limited-edition non-fungible tokens (NFTs).
To participate in NFT’s mining offer, users must deposit $1,000 or more in the presale and lock a position within 7 days in one of the available tiers within Collective Finance’s locked staking platform. I have. According to the announcement, the investor will be entitled to receive one limited edition NFT for every $1000 he locks.
Participation in the public sale is through the Collective Finance DApp and[プレセール]It is done by navigating to tabs. CLF and BTCB tokens will be airdropped when the project is fully launched in April.
Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about real-world applications and innovations in blockchain technology, driving general acceptance and global integration of emerging technologies. His desire to educate people about cryptocurrencies has inspired his contributions to famous blockchain-based media and sites. Benjamin Godfrey loves sports and farming.