LENA Network successfully raised $1.5 million in private funding and launched the CANDY token IFO to support the development of the GameFi NFT ecosystem
LENA Network announced the launch of the $CANDY token IFO, demonstrating its commitment to DeFi innovation and securing $1.5 million in private funding with support from multiple investors.As a decentralized application (dApp) in the GameFi NFT ecosystem of Blast, LENA Network today announced the upcoming launch of its CANDY token IFO. This move marks an important step in the development of LENA Network, showcasing the project's strong commitment to permissionless DeFi innovation.
In a series of strategic deployments, LENA Network has secured $1.5 million in private funding, a milestone that not only validates the community's trust in the platform's vision and potential but also receives robust support from a range of investors, including DWF Labs, Alchemy Pay, and Draper Dragon. With this backing, LENA Network is poised to bring revolutionary changes to the DeFi space with its groundbreaking permissionless platform.
Key Achievements and Thriving Ecosystem
By completing several key milestones, including two testnet projects with over 175,000 participants, LENA Network has solidified its leading position within the Blast ecosystem.
With the upcoming launch of the CANDY token IFO, LENA Network paves the way for unprecedented Web3 liquidity, offering unique advantages to token holders. As demand for digital assets continues to grow, $CANDY holders will be able to leverage the LENA platform for a range of critical liquidity activities, such as lending, participating in unique GameFi asset auctions, and facilitating cross-purchase environments supporting BRC20, Blue Chip NFTs, and diverse asset classes.
Innovative NFT Auction Platform and Strategic Vision
LENA Network's auction platform fosters connections among crypto enthusiasts in a permissionless manner, building a vibrant community and creating economic opportunities for all, thus setting new standards in the NFT space. The platform has carefully curated blue-chip NFTs, including Sandbox LAND, lil pudgys, Moonbirds, MAYC, and BEANZ, which will not only be auctioned but also serve as potential collateral for loans once the LENA Network mainnet is launched, unlocking new possibilities for holders to utilize their digital assets.
Casper, the Chief Strategy Officer of LENA Network, stated, "We firmly believe that our auction platform is a significant milestone in driving innovation and leading the evolution of NFTs. Our goal is to provide digital asset enthusiasts with a vibrant and prosperous ecosystem, a place where value and creativity converge."
Empowering Token Holders and Looking Ahead to Future Conversion Benefits
The launch of CANDY allows token holders to stand at the forefront of the rapidly evolving digital economy, fully tapping into the potential of LENA Network's innovative ecosystem. Beyond platform usage, CANDY token holders will enjoy numerous benefits, including the opportunity to convert CANDY into LENA (the governance token of LENA Network) in the future. This conversion will occur at a 1:1 ratio once the infrastructure is fully ready, thereby unlocking the full utility of the token, including profit-sharing.
IFO Details
- Sale Start Time: February 28, 2024, 14:00 UTC+8
- Sale End Time: March 6, 2024, 14:00 UTC+8
- Total Quota: 1200 ETH
- Total Supply of $CANDY Tokens: 5,000,000
- Token Price: Private Sale Quota (0.00020 ETH), Whitelist Phase (0.00025 ETH), Hard Cap (0.00030 ETH)
Fair Sale Participation and Community Appreciation
The launch of the $CANDY token reflects LENA Network's deep appreciation for the loyal participants and community members of its testnet v.1. A CANDY airdrop will be conducted based on each member's current LENA allocation to reward early supporters and encourage their continued participation.
Participation in the fair sale is divided into three phases: private sale quota, whitelist phase, and hard cap. Each phase has unique conditions and requirements. The whitelist phase offers participants exclusive benefits, including early access to the IFO and the opportunity to secure desired allocations before the public sale phase.
LENA Network encourages all participants to closely follow official social media channels and join the Telegram group to avoid falling victim to false links and scams related to the IFO.
For more information about LENA Network and the $CANDY fair sale, please visit LENA's Medium page @LENA_Network or contact us at contact@lena.network.
About LENA Network
LENA Network is committed to becoming a part of the Blast ecosystem, focusing on innovative dApps in the GameFi NFT space. We are expanding from the foundation of NFT collateral loans to providing a decentralized auction platform based on smart contracts, bridging Ethereum and the Blast ecosystem, enhancing asset liquidity, and driving innovation.
LENA Network Official Website: https://lena.network/
LENA Network Official Twitter: https://twitter.com/LENA_Network
LENA Network Official Telegram: https://t.me/LENA_Network_Official
Disclaimer:
The information provided in this article does not constitute investment advice, financial advice, or trading advice. We recommend conducting thorough due diligence (including but not limited to consulting a professional financial advisor) before making any investments or trades.
