MojitoSwap, the largest decentralized exchange (DEX) on KuCoin Community Chain (KCC), has announced that it will hold an initial DEX offering (IDO) for PlayZap on April 13. The IDO will aim to raise $300,000 for the gaming platform token, PZP, and the fundraising process will be divided into limited sale and unlimited sale like the past IDOs.
The IDO for PlayZap is expected to be highly popular among investors, given the platform’s strong track record and the rising demand for blockchain-based gaming platforms. Similar IDOs in the past have attracted a large number of investors and raised significant amounts of capital.
The price of PZP during the IDO is $0.12, with 2,500,000 PZP available for purchase. Both the limited sales and unlimited sales will sell 1,250,000 PZP. The limited sale will start on April 13 at 6:00 am UTC and end on April 13 at 10:30 am. The unlimited sale will start on April 13 at 11:00 am and end at 4:00 pm.
MojitoSwap, which has emerged as one of the leading DEXs on KCC, is well-positioned to host the IDO. The platform has built a reputation for providing users with a seamless and secure trading experience. It also offers a wide range of trading pairs, including many of the most popular tokens on KCC.
MojitoSwap has a proven track record of successful IDOs. In the past, it has hosted IDOs for projects such as Pikaster and CoolMining, which soon saw impressive price increases. Pikaster’s MLS token saw a maximum price increase of 17 times, while CoolMining’s COOHA token saw a maximum price increase of 8 times. These results have helped to establish MojitoSwap as a leading decentralized exchange on KCC.
The IDO will be conducted through the MojitoSwap platform, and investors will be able to purchase PlayZap tokens using the MJT/USDT LP token, the native token of MojitoSwap.
Fifteen percent of the tokens will be released directly, while the remaining tokens will be locked for one month, then linear vesting over six months. After the IDO, MojitoSwap will provide a liquidity mining pool for PZP, which means PZP token’s holders can earn a high annual percentage rate with PZP LP tokens.
The IDO will provide investors with an opportunity to participate in the growth of PlayZap and the broader blockchain gaming ecosystem. As more users embrace blockchain-based gaming platforms, there is expected to be significant demand for platforms like PlayZap that offer a unique and engaging gaming experience.
In conclusion, the upcoming IDO for PlayZap on the MojitoSwap platform is expected to be a major event for both the gaming and blockchain communities. The platform’s innovative approach to gaming, combined with MojitoSwap’s reputation as a leading DEX on KCC, make it an attractive investment opportunity for those looking to participate in the growth of the blockchain gaming ecosystem. Investors should keep a close eye on the IDO and consider participating in order to capitalize on this exciting opportunity.
What is PlayZap?
PlayZap is a skill-based competitive gaming platform focused on mainstream casual gamers, built on blockchain technology with a sustainable token economy and powered by NFTs. Built on the core principle of “Free to play. Skill to earn”
PlayZap offers a unified gaming platform (one app, many games) that offers a seamless experience for its players to play high-quality casual games like solitaire, 21 cards, eight-ball pool, match master and many more to compete with other players in competitive formats such as daily leagues, groups or PvP.
PlayZap is backed by marquee investors who have been active in the blockchain and GameFi space for years. Over 25 VCs and angel investors have invested in PlayZap across seed and private rounds, with the top investor being KuCoin Labs.
About MojitoSwap
MojitoSwap is a DEX running on KCC with an automated market maker mechanism. It provides all-in-one solutions for on-chain assets with swapping, farming, pools, a launchpad, NFTs and other functions. MojitoSwap aims to provide users with an efficient and low-cost token exchange. At the same time, users can have their token value-added while using MojitoSwap. It also provides a safe, easy-to-use, high-liquidity and basic decentralized finance protocol for KCC developers.