Dubai, UAE, December 4th, 2023, Chainwire
LandX, a protocol for agricultural financing, has recently closed its private investment round exceeding expectations. The round raised more than $915,000 USD, bringing the total raised to above $5 million USD. This is a testament of LandX’s potential to bring on-chain real assets. Now, the project will launch its public round this week, giving a wider audience the opportunity to obtain an allocation of LNDX governance tokens.
Public Round Details
The public sale has been launched, with a limit of 3,000,000 tokens available at $0.50USDC. LandX members will have priority access starting the 4th December, while the remaining tokens will be available to the public on the 10th December. The public rounds are open to anyone with an Ethereum Wallet for allocating capital and investing in LNDX Tokens. This move is aligned with LandX’s vision of democratizing access to agricultural financial products through blockchain technology.
- Omega Sale: Monday, 4th December
- Alpha Sale: Thursday, 7th December
- Public Sale: Sunday, 10th December
- Public Sale Closing: Wednesday, 13th December
- LNDX Listing on multiple exchanges: Thursday, 14th December
- Platform Official Launch: Friday, 15th December
LandX was the first project to bring agricultural commodities assets and tokenized land into the decentralized financing ecosystem. It has created xTokens, which is a digital asset that can be traded 24 hours a day on decentralized exchanges and will include inflation-hedged assets.
The LNDX is the core of LandX, a platform designed to promote a sustainable and efficient agriculture finance ecosystem. Token holders will be able to earn a portion of platform fees as well as participate in governance decisions. There is a limited distribution of the LNDX after launch with private sale investors locking their tokens for 3-12 months and seed investors voluntarily locking their tokens for 48 months. This combined with the guaranteed capital of $500,000 in the exchange liquidity pools makes this a unique opportunity to invest in the fastest growing sector of decentralized finance.
How to Participate
Investors outside the US and other restricted regions who are interested in the public round can connect with the LandX team on Discord, Telegram or visit the LandX site for more information on how to take part.
“We would like to thank our amazing community for giving us the opportunity to bring this vision to life. It is with your support, trust and feedback that we will shape the future of agricultural finance,” said a LandX spokesperson.
Further details on LandX, LNDX and the public round can be found at https://landx.fi/.
LandX fills the agricultural financing gap by providing upfront capital in exchange for a percentage share of future harvests. The farmland is used to secure the financing, giving investors a chance to earn a sustainable yield that’s backed up by tangible assets.