LandX Successfully Closes Private Investment Round, Raising Over $5 Million
LandX, the agricultural finance protocol, has concluded its private investment round after two years of development. The round exceeded expectations by raising over $915,000 from private investors, bringing the total amount raised to over $5 million. This achievement demonstrates a strong vote of confidence in LandX’s potential to tokenize real-world assets.
Public Round and Token Sale Details
The project is now set to launch its public round, offering a wider audience the chance to secure an allocation of the LNDX governance token. The public sale will be conducted on a first-come, first-served basis and will feature a limited supply of 3,000,000 tokens priced at $0.50 USDC. The LandX community will have priority access starting from December 4, followed by the general public on December 10.
Platform Launch and Token Utility
The LandX platform will officially launch on December 15, allowing users to experience its innovative agricultural finance capabilities. By investing in LNDX tokens through an Ethereum wallet, anyone can participate in LandX’s vision of democratizing access to agricultural financial products using blockchain technology.
LNDX tokens are integral to the LandX platform as they enable token holders to earn a share of platform fees and take part in governance decisions. After launch, there will be limited distribution of LNDX tokens due to lock-up periods for private sale and seed investors.
A New Chapter in Agricultural Finance
LandX aims to bring agricultural commodity assets and tokenized farmland into the decentralized finance ecosystem. Through xTokens, LandX creates inflation-hedged digital assets that can be traded 24/7 on decentralized exchanges. The project’s unique approach and guaranteed capital deployment in decentralized exchange liquidity pools present an exciting opportunity within the rapidly growing decentralized finance sector.
How to Participate
Investors outside of restricted regions can join the LandX public round by connecting with the team on Discord or Telegram, or visiting the LandX website for more information. LandX expresses gratitude to its community for their support and feedback in shaping the future of agricultural finance.
About LandX
LandX bridges the gap in agriculture financing by providing upfront capital to farmers in exchange for a percentage of their future harvests. The financing is secured by farmland, offering investors sustainable yield backed by tangible assets.
Contact
Contact LandX Finance for press relations at [email protected].
The article was originally published on The Daily Hodl.
Hot Take: LandX Raises Over $5 Million in Private Funding, Prepares for Public Round
Agricultural finance protocol LandX has successfully concluded its private investment round, securing over $5 million from private investors. This achievement highlights the confidence in LandX’s ability to tokenize real-world assets and brings it one step closer to its vision of democratizing access to agricultural financial products using blockchain technology. With the upcoming public round and token sale, a wider audience will have the opportunity to invest in LandX’s LNDX governance token. The launch of the LandX platform on December 15 will mark an exciting new chapter in agricultural finance, as users can experience its innovative features and take advantage of the LNDX token’s utility.
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