Tuesday, 27 February 2024

Crypto News

LandX Closes Private Round Securing $5M+ In Private Funding

LandX Closes Private Round Securing $5M+ In Private Funding

Dubai, UAE, December 4th, 2023, Chainwire

After two years in development LandX, the agricultural finance protocol, successfully closed its private investment round surpassing expectations. The round raised over $915,000 USD from private investors which brings the total raised to over $5 million USD. The milestone marks a significant vote of confidence in the potential for LandX to bring real world assets on-chain.

Public Round Starts

Following this the project is set to go live this week with its public round, presenting a broader audience with the opportunity to secure an allocation of the LNDX governance token. The public sale is being launched on a first come first served basis with a limited supply of 3,000,000 tokens priced at $0.50 USDC.

The LandX community will be given priority access from the 4th of December, then any remaining tokens will be opened up to the general public from the 10th of December.

Public Sale: Starts Monday 4th December

  • Omega Sale: Monday, 4th December
  • Alpha Sale: Thursday, 7th December
  • Public Sale: Sunday, 10th December
  • Public Sale Closing: Wednesday, 13th December

LNDX Listing on multiple exchanges: Thursday, 14th December

Platform Official Launch: On Friday, 15th December users will be able to experience the full potential of LandX’s innovative agricultural finance platform

A New Chapter Begins

The public round enables anyone with an Ethereum wallet to allocate capital and invest in LNDX tokens. This move is aligned with LandX’s vision of democratizing access to agricultural financial products through blockchain technology.

LandX is the first project to bring agricultural commodity assets and tokenized farmland into the decentralized finance ecosystem. Through an innovative product known as xTokens LandX will create inflation-hedged, uncorrelated digital assets which can be traded 24/7 on decentralized exchanges.

The LNDX token is at the heart of the LandX platform, designed to foster a sustainable and efficient agricultural finance ecosystem. When staked the token holder can earn a share of the platform fees and participate in governance decisions. There is a limited distribution of the LNDX after launch with private sale investors locking their tokens for 3-12 months and seed investors voluntarily locking their tokens for 48 months. This in combination with the $500,000 guaranteed capital…

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