FOC and QI’s ICO Starts Soon – Don’t Miss Top Rating Tokens
Several tokens moved into the spotlight this week. FOC and QI are among them, along with the API token.
FOC is TheForce.Trade’s native token, which has already attracted a great deal of interest from investors. Its ICO trading will start on April 29, 2021. A total of 1,500,000 FOCs will be available for traders for the price of $0.2.
TheForce.Trade is a data aggregation platform. It uses customizable smart contracts to make Defi and NFT investment process easier for all users, be it, beginners or experienced investors. The team designed this platform in such a way as to solve the difficulties of DeFi and NFT traders by collecting and analyzing information on different mining pools and projects.
While the DeFi space is evolving daily, many investors still find it difficult and time-consuming to put together all the data they need. The process of manually harvesting farming yields and switching between pools and projects is also quite cumbersome.
However, TheForce.Trade Platform presents its users with all the automation tools and data they need to maximize their returns on yield farming and NFTs. It also allows investors to track and control relevant risks.
The platform offers various services such as exchange aggregator, yield aggregator, NFT drop, auto-compound yield farming, NFT farming and lending, Mystery Prize.
The FOC token holders will gain various advantages
The platform’s functions are organically connected with its governance token FOC. TheForce.Trade aims to attract more projects. The founders hope that eventually, they will be able to operate primary market financing and build funding pools to provide their users with a one-stop investment solution.
Furthermore, TheForce.Trade seeks to introduce its token on major exchange platforms, such as Binance Smart Chain BSC, Ethereum, Huobi HECO Chain, and several other decentralized public chains. At first, they will launch TheForce.Trade platform on BSC and Huobi Heco, but the team is planning to gain support from OKChain and ETh in the near future.
FOC token is already live on the Binance mainnet. However, if investors want to buy it, they have to buy one of the major cryptocurrencies first.
BENQI raised $6 million, and now it’s preparing to launch its much-awaited QI token
A decentralized non-custodial liquidity market protocol BENQI enables its users to easily lend, borrow, or earn interest with their digital assets. Built on Avalanche, this protocol gained lots of interest in the market. Depositors providing liquidity to the protocol can earn passive income, and borrowers can borrow in an over-collateralized manner.
BENQI has already completed strategic funding round, managing to raise a total of $6 million. Among the investors were Ascensive Assets, Dragonfly Capital, Arrington XRP Capital, TRGC, Mechanism Capital, Spartan Group, and Woodstock Fund. Other backers were Morningstar Ventures, Ava Labs, Genblock Capital, Rarestone Capital, GBV Capital, Moon Inc, and leading liquidity provider Skynet Trading.
The protocol is launching its native QI token on April 28, 2021. QI oversees the entire BENQI ecosystem, including the Treasury, as well as future iterations of the protocol.
Only QI token holders will be able to vote and participate in BENQI Improvement Proposals (BIPs) discussions to decide the outcome.
While the founding team will govern the protocol initially, they plan to eventually encourage a transition to a Decentralized Autonomous Organization (DAO). After becoming part of the DAO, QI token holders could initiate proposals and vote on issues that will guide the direction of the protocol.
Details about the initial coin offering:
A total of 504,000,000 QI will be available for sale during the ICO, starting today. The price is $0.009 per token, and investors can buy Qis on the BENQI platform.
BENQI Protocol aims to help alleviate the congestion on Ethereum. It focuses on creating an ease-of-use platform and offering low fees to its users. According to the founder team, this protocol will enable the birth of open financial applications’ new generation while also helping to further democratize access to DeFi for the masses.
Avalanche is a highly scalable, decentralized network. It also has sub-second finality capable of handling more than 4500 transactions per second.
Considering that multiple cross-chain bridges are going live and are in production (Binance Smart Chain, Ethereum, Polkadot, etc.). The team envisions Avalanche to be the decentralized financial settlement layer of choice for a broad range of investors. Mainly due to its low fees, scalability, decentralization, and compatibility with popular plugin wallets.
The API token ICO sale will begin on May 1, 2021
The APIS Protocol is a decentralized writing and reading platform. The team specifically designed it to enable decentralized applications to function on a global scale. The network allows mainstream developers to manage complex interactions between their applications and Binance Smart Chain, Ethereum 1.0, Ethereum 2.0, optimistic and zk rollups, Helium, Solana, Filecoin, and future protocols should they garner significant adoption.
The APIS Protocol is launching the native utility token API on May 1, 2021. Investors can use the token for staking by API Nodes and Gateways, staking to resolve disputes, and staking as a validator on The APIS layer-two solution network after its deployment. It can also be used to govern protocol upgrades and allocations of The APIS treasury’s resources. The ICO Price is $0.7 per API.
What is The APIS Protocol offering investors?
The platform boasts many advanced tools. For instance, there are APIS Core and APIS Unified. They allow a global developer base to make writes to and reads from both public layer-one and layer-two solutions effortless.
Furthermore, APIS Stake will enable the community-owned network to become an API Node or Gateway, the servicer, and indexer of queries made by the DApps utilizing The APIS network. Besides, APIS Validate will allow the network to valid its layer-two solution once deployed. And there is also APIS Vote, so users will be able to govern both the APIS protocol and treasury.
LAST YEAR, the APIS Protocol launched its mainnet on November 24, creating 10 million API tokens at genesis. The total number of tokens will remain at 100 million. Unless the community votes to deflate the supply via token burn programs or inflate the supply via additional incentivization programs.
The team allocated 79% of the API token supply toward the community. From this number, 43% will go to the network users via a usage mining program. While the Community Treasury will get 19%, and 17% will go to API Lab. The founding and the future team will get the remaining 21%.
Calvin Pak, Andrew Bakst, and Shain Lafazan founded The APIS Protocol. They share over a decade of combined Web 3.0 experience as both investors and developers.
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