ChainGain, a decentralized financial platform, offering innovative products tailored for many individuals, ranging from lending and borrowing protocol to capital renting, announces the results of its IDO: $580,000 raised after two over-subscribed rounds of funding via Genesis Poolcommunity of investors, which took place during October 17-27.
ChainGain is the first project set to disrupt the Defi rules and break the collateral barriers. The team’s mission in the DeFi paradigm is to offer people the liberty of transaction by creating an alternative viable wealth generating platform, totally safe and trustworthy. From investors accessing capital with a minimal amount of collateral, in a total safe ecosystem, to people eager to put their crypto portfolio to work to generate passive income via the lending pool or via peer-to-peer lending, the new platform bridges the gap between everyday financial needs and the DeFi paradigm, in order to create the decentralized protocols to answer to a broad range of financial needs.
Stephen Davies, CEO and founder of ChainGain:
“The huge success of ChainGain’s IDO only confirms that we’re on the right track of developing a financial product that the Defi market needs. It’s time we democratize the DeFi paradigm by allowing people to access capital without the burden of collateral and this will take things to another level. We want to thank our partners, Genesis Pool, for trusting us and making the bridge between ChainGain and their investor community. Thanks to our investors’ contribution, we have the greenlight to go full speed ahead on our development roadmap and put ChainGain in the hands of its first users at the beginning of next year.”
Genesis Pool:
“Genesis Pool has successfully completed its third raise to date. After two over-subscribed rounds, ChainGaineasily reached its target raise of $580,000. With ChainGain, investors were offered the chance to earn over 600% APY on their unique private round investment. The community outdid themselves once again, becoming private round investors of a yet another incredible Defi platform.”
The ChainGain raise’s main differential from all other raises to date is the extraordinary staking opportunity secured for Genesis Pool investors. Following the staking conditions, two options are presented to the investors who participated for the ChainGain IDO.
Investors who want the extra 4% tokens as rewards: these investors will receive their first allocation after 60 days followed by equal monthly distribution over 3 months. They will be the recipients of the additional staking rewards (4% of CGN’s supply), to be distributed throughout a 5-month period.
Investors that do not want to receive the extra bonus: these investors will get their allocations in 2-week cliff, followed by monthly distributions for 3 months.
ChainGain platform is set to go live in Q1 2022 reaching global markets and customers all over the world. Until the launch, the project looks at a couple of important milestones in the following period: public sale in November, followed by DEX listing in December.
For more info, please visit www.chaingain.io and follow the project on ChainGain Twitter, Telegram, Facebook and LinkedIn accounts.
Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
