LEON Series A Public Round Fundraising on KANGA EXCHANGE
The Leonicorn Team has been working tirelessly to deliver everything outlined in our roadmap. In particular, everyone is expecting the launch of our much-anticipated industry-first MineFi and our reward-sharing model. Our ability to continue to deliver on our roadmap and achieve our shared vision of creating value that genuinely benefits all stakeholders requires good funding. For this reason, we are holding a particular fundraising round on the Kanga exchange on December 20, 2022, at 10:00 UTC. Below are the details for the particular fundraising round:
IEO Date: 20/12/2022 10:00 UTC
Hard Cap: $500,000
Price per Token: $0.002 (representing a 50% discount on the current average price)
Min. Investment: 100 USD
Max. Investment: 30,000 USD
Vesting: 10% TGE, 1-month cliff followed by a daily release in 9 months
Available cryptocurrencies: USDT, USDC, oPLN, or oEUR
Mainnet: Binance Smart Chain
What is the special fundraising expected to achieve?
The special fundraising round is expected to help the Team raise $500,000 to support the operations of the Leonicorn ecosystem. This money will help the Team achieve several things, such as:
1. Provide the backup Reward funding necessary to run a sustainable MineFi scheduled to be launched on January 5, 2023.
2. Make available additional funding to support the LEON liquidity pool to make it deeper and thus less volatile.
3. By invigorating Leonicorn ecosystem activities, more resources will become available for LEON buybacks and burns.
What measures are in place to protect LEON holders given the 50% discount for the special fundraising?
The vesting period for the tokens purchased during this special fundraising is designed to ensure that platform growth and progress can absorb any potential selling pressure. Participants will only receive 10% of their total allocations. Subsequently, from the second month, there will be a linear daily release for nine months.
As stated earlier, we expect to deepen our liquidity pool due to the overall invigoration occasioned by the availability of new funding. This is also likely to make more resources available for buybacks and burns. We believe these will strengthen our ecosystem’s ability to absorb the potential selling pressure.
Is the special fundraising available to LEON holders?
Yes, the special fundraising is available to all who meet the Kanga Exchange requirements to participate in this fundraising round.
More info on https://trade.kanga.exchange/ieos