The protocol has raised over 8,000,000 USDT from the IDO on Arbitrum. The protocol will launch the $LFG Arbitrum fork immediately after IDO is complete.
Successful IDO on Arbitrum
LFGSwap’s Initial DEX Offering (IDO) on Arbitrum has caught the eye in the blockchain industry. The Core-based protocol has witnessed remarkable IDO success on the EVM-compatible blockchain.
The IDO, which started on March 26, has seen users raise over 1300% on the launchpad. The numbers represent over $8M USDT accumulated on the platform. LFGSwap shared the massive IDO overflow on March 30 through Twitter.
BSC News contacted the LFGSwap team to discuss the overwhelming IDO success on Arbitrum. The team stated that there is more to come after expanding to the secure network.
“We will create greater miracles on arb. This is just the beginning,” LFGSwap wrote.
The DEX expanded to Arbitrum on March 20, with plans to deploy its existing Core functionalities on the secure, fast, and cheap network. The LFG IDO on Arbitrum is the first step toward the protocol’s long-term goal of establishing itself as a top player on both Core and Arbitrum.
As of writing, LFGSwap is the third-largest DEX by Total Value Locked (TVL) on Core, according to DeFillama. We expect the protocol to build on its IDO success on Arbitrum to attract more users in the Decentralized Finance (DeFi) space.
The IDO is expected to end on March 30 at 13:00 UTC, and the $LFG Arbitrum fork will launch immediately. You can read the protocol’s publication for more details about the $LFG release schedule, allocation, total raise amount, and more.
What is Core DAO:
Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem’s history and an even greater excitement for Core’s role in its future.
Where to find Core DAO:
Source : bsc.news
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