June 11, 2021 – Singapore, Singapore
HaloDAO, a complete decentralized finance protocol designed to create asset agnostic world cash fund networks, will maintain its anticipated preliminary DEX providing (IDO) on June 24, 2021, launching on SushiSwap’s just lately deployed MISO launchpad at 12 PM UTC.
The whitelisting course of is at the moment open with 1,000 slots obtainable on a first-come, first-served foundation. So as to have the ability to declare HaloDAO’s RNBW tokens, contributors should cross by way of KYC verification. The whitelist will shut on June 16, 2021 at 12 AM UTC. Particulars of the IDO, together with sums to be raised, can be introduced three days earlier than the IDO itself.
The RNBW token, launched as an ERC-20 on Ethereum, would be the HaloDAO protocol’s governance token. Its holders will be capable to make essential selections concerning the platform, in addition to accrue a few of the worth generated by its exercise.
Christopher Verceles, co-founder of HaloDAO, mentioned,
“We’re excited to be among the many first tasks launching on SushiSwap’s new MISO platform. It’s the right device to bootstrap new communities, and the help from probably the most respected neighborhood DAOs on the market is a crucial sign for us.”
HaloDAO was based by Jun Ming Yong and Christopher Verceles, previously of ConsenSys. The undertaking goals to create liquid DeFi markets for stablecoins past the US greenback. The corporate plans to focus initially on Asian currencies and quickly present help for different asset-backed stablecoins.
The undertaking goals to create an all-in-one DeFi ecosystem for swapping, borrowing, lending and yield era. By integrating stablecoins of currencies just like the Hong Kong greenback, Singapore greenback and Indonesian rupiah, HaloDAO will turn out to be among the many solely markets throughout each DeFi and CeFi to incentivize liquidity for non-USD currencies. It will ease entry to crypto for potential customers in Asia and worldwide, fostering adoption.
HaloDAO goals to construct inclusive Net 3.0 infrastructure to bridge conventional and permissionless finance. We do that by constructing a stablecoin optimized automated market maker (AMM), to facilitate an environment friendly, on-demand foreign money change and a stablecoin-specific lending market that gives high-interest yields on native currencies.
Jun Ming Yong, co-founder of HaloDAO