Non-custodial fundraising protocol, AngelBlock, to host first raise with SOLA-X

AngelBlock, a web3 fundraising platform for cryptocurrency, announced SOLA-X as its inaugural fundraising project. Eligible investors can participate in the token sale, which is scheduled to start by the end of this month.

Single-X It is building a multi-chain decentralized finance (DeFi) hub that offers protocol-managed liquidity and an arbitrage mechanism designed to eliminate issues with high slippage for traders and non-perpetual loss and low APY points for liquidity providers.

The protocol features an advanced liquidity management system, where users can provision a single asset that is distributed across multiple liquidity pools for more profitable returns.

The project could be an opportunity. This raise is the first on AngelBlock, a new crypto launch platform that aims to solve some of the most common problems faced by investors after the raise. They focus on increasing transparency to protect investors, holding startups accountable for their progress, preventing venture capitalists from dumping huge bags of tokens into the retail market, and killing the token price.

To address these challenges, projects raised on AngelBlock must agree to undergo an initial fund-raising phase, followed by a post-raise governance phase that helps ensure they have access to investor capital once specific milestones are achieved.

The second phase begins immediately after the fundraising phase ends and ensures that investors play a major role in monitoring the progress of each project and influencing its direction. The idea is to increase collaboration between startups and investors to ensure everyone is working toward the same goal.

The way it works is that projects must set clear milestones in terms of their growth and expansion, with concrete milestones and timelines that need to be met to unlock investors’ capital.

Once a startup announces that a milestone has been reached, investors can vote and approve that milestone and either open the capital or reject it and ask the project team to correct any issues they may see.

AngleBlock said in blog post. “This dynamic feedback mechanism ensures the continued development and success of the project.”

While anyone can invest in SOLA-X, priority access and larger investment ticket sizes will be given to certain investors based on AngelBlock’s staking tiering system, which requires users to share their original THOL tokens.

Those who participate in the 500,000+ THOL are classified as “Institutional Investors” and receive priority in raises and the largest allocation of ticket size.

By accumulating 100,000 to 500,000 THOL, users will be classified as “Angel Investors” and get second priority access, while betting between 20,000 and 100,000 THOL is enough to earn “value investor” status with third priority.

Each investor category will have a 24-hour investment window, during which they can access the raise. Finally, everyone else (including non-stakeholders) will be classified as “Standard Users” and have the opportunity to invest after those with priority access.

AngelBlock founder and CEO Alex Strześniewski said his team has been working on this first increase for several months.

“Hosting our first AngelBlock increment validates the potential of our protocol and paves the way for a more transparent, accountable and participatory fundraising process in the DeFi environment.”

Interested investors can view the details of the SOLA-X project here.

Ahead of the raise, Strześniewski will join one of the founders of SOLA-X for an AMA session on Reddit. Investors can ask questions about AngelBlock, the fundraising and post-raising governance process, and the project itself.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users should do their own research before taking any actions regarding the Company.


Follow us on Google News

AngelBlockFundraisinghostNoncustodialprotocolRaiseSOLAX
Comments (0)
Add Comment