Participation in the public sale is through the Collective Finance DApp and by navigating to the Presale tab.
Decentralized Finance (DeFi) Protocol Collective Finance has announced plans to launch the public sale of its native $CLF token built on the Binance Smart Chain (BSC) network. As stated in a press release shared with Coinspeaker, the public token sale is accessible at a 10% discount, setting a generally low barrier to broader community participation.
The crowdfunding protocol was designed as an innovative suite that offers access and participation in terms of investing in multi-tiered return-generating opportunities to provide broad exposure to digitized commodity representations. While looking to carve out a foothold in today’s fast-growing DeFi world, Collective Finance is optimistic that the token sale will help accelerate its development across the board.
So far since its inception, Collective Finance said it has raised a total of $500,000 and the public sale is a way to give access to more people as they try to bring their products to life. The minimum investment to participate in the public sale is $50 and the cap is set at $500,000.
A Presale with a Difference
According to the protocol, its CLF token sale has a marked difference from many in the crypto ecosystem, as a liquidity token that can be used to participate in governance activities will also be released alongside the main token. Dubbed BTCB, the liquidity token is designed to empower its holders to tap into the key riches of the Crowdfunding platform.
“Despite massive growth in recent years, DeFi still lags behind traditional finance in many ways. In traditional finance, participants can hold and gain exposure to commodities such as gold, silver, and oil, but there are tight restrictions, high fees, and limited ways to generate additional passive income from such investments,” Collective Finance said. Crypzom-Zachary, adding that;
“Collective Finance is here to deliver on that front by launching C-Tokens, which represent tradable, asset-backed, and overcollateralized commodities with direct return potential. We can help get the ball rolling by providing widespread access and inclusion to our suite of products and services and our robust DeFi tools so that we can open up multi-layered yield generation opportunities and provide exposure to digitized commodity representations to as many people as possible. may be possible. possible.”
Crowdfunding to offer additional incentives
In addition to gaining access to the liquidity tokens for free, Collective Finance said that participants in its public token sale will also have the opportunity to mint a limited-edition non-fungible (NFT) token.
To participate in the NFT minting offer, users will need to deposit $1,000 or more in the pre-sale and lock their position within Collective Finance’s locked-in staking platform at any of the available tiers within seven days. According to the announcement, investors are entitled to 1 Limited Edition NFT for every $1,000 locked.
Participation in the public sale is through the Collective Finance DApp and by navigating to the Presale tab. CLF and BTCB tokens will be airdropped once the project goes live in April.
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Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about the real-life applications of blockchain technology and innovations to drive mainstream acceptance and global integration of emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain-based sites and media. Benjamin Godfrey is a lover of sports and agriculture.
