Collective Finance Announces Liquidity Token Presale on Binance Smart Chain with Discounts and Limited Edition NFTs
Collective Finance offers access and participation in investing in multi-layered, return-generating opportunities to provide broad exposure to digitized commodity representations
Philadelphia, PA, March 17, 2023 (GLOBE NEWSWIRE) —
Collective Finance, a new decentralized finance (DeFi) project on the Binance Smart Chain, has announced the launch of its token presale event where interested parties can acquire $CLF liquidity pool tokens at approximately a 10% discount. The upcoming public pre-sale reduces entry costs for investors who want to join the Collective Finance ecosystem through product discounts before the full launch of the project in April.
The project has raised funds from angel investors and is now opening a public pre-sale. The minimum entry amount is $50, with no upper limit. A notable difference from other crypto fundraising and token generation events is that buyers will receive liquidity tokens instead of just Collective Finance’s native $CLF token. This unique approach allows users to participate in the ecosystem early, without the need for new capital injections or the sale of $CLF holdings to obtain $BTCB tokens for liquidity.
The $CLF/BTCB liquidity tokens will be sent directly to participating community members during the upcoming Collective Finance dApp and token launch. To participate in the presale, simply join the discord community and connect to the Collective Finance dApp, then click on the “Presale” tab.
In addition, there will also be an exclusive round of $CGLD pre-sale issue NFTs that investors can claim by depositing $1,000 or more in the pre-sale and locking their position within the Collective Finance platform with locked stakes (benchmarked against the total liquidity pool -tokens created) in any of the available levels within seven days. One limited edition NFT is available per $1000 invested and will be dropped after launch.
The funds raised will be used to create liquidity, purchase assets that support $CGLD and fund the on-chain portfolio. The pre-sale is open for up to $500,000 (hard cap), or two weeks. Public launch of the project is planned for the beginning of April.
According to the co-founder of Collective Finance Crypzom-Zachary: “Despite massive growth in recent years, DeFi still follows 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 heavy restrictions, high fees and limited ways to generate additional passive income from such investments. Collective Finance is here to deliver on that front by launching C-Tokens, which represent tradable, asset-backed, over-collateralized commodities with direct return potential. We can help get the ball rolling to provide broad access and inclusion to our suite of products and services and our robust DeFi tools, so we can unlock multi-layered, return-generating opportunities and provide exposure to digitized commodity representations to as many people as possible.”
Co-founder Doc-Bryan also commented on the announcement: “Our pre-sale is just the first step in bringing our high-performance DeFi tools to the masses. The primary use case for all of the platform’s C-TOKENS is to provide a liquidity solution for commodities in decentralized finance since achieving consistent and reliable exposure to commodities in DeFi is practically non-existent. With access to the right liquidity pools, product portfolios and crypto-based representations of real commodities, the sky is the limit and we are excited for the next phase of our project. Collective Finance bridges important gaps between DeFi and Trad- Fi, one giant leap at a time.”
Collective Finance has a number of commodity representations outlined in the project roadmap, but the first to launch will be gold (via the acquisition of PAXG tokens on the Ethereum network) followed by the issuance of $CGLD on BSC. PAXG is an asset-backed token, with one token representing one fine troy ounce of a London Good Delivery bullion. $CGLD will at all times be overcollateralized at a rate of 105-110% with PAXG while maintaining its peg to the price of 1 gram of gold.
To learn more about the pre-sale and the Collective Finance tokens, please click here.
About collective economy
Collective Finance bridges the gap between DeFi and traditional finance by giving investors exposure to multi-layered return-generating opportunities and exposure to digitized commodity representations. By lowering barriers while simplifying investing in real, reliable and consistent passive income streams, Collective Finance is reimagining what is possible in the world of DeFi. Learn more at https://www.collectivefinance.io/.
Media contact:
Robert Pennington
Via: KISS PR Brand Story.
