Lympid Prepares for Upcoming ICO on Polkastarter

Lympid Prepares for Upcoming ICO on Polkastarter

By Jakub Lazurek

17 Oct 2024 (4 hours ago)

3 min read

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Lympid announces its upcoming ICO on Polkastarter, offering tokenized real-world assets, set to launch in Q4 2024 with strong investor backing.

Lympid, a rising project in the Real World Assets (RWA) space, is preparing for its upcoming Initial Coin Offering (ICO), which is scheduled for Q4 2024. As a platform that aims to offer a straightforward and transparent path to alternative investment opportunities, Lympid focuses on providing users access to premium assets in a simplified and more liquid environment. The project has gained attention for its innovative approach to asset management and has already garnered investments in several funding rounds.

Lympid's ICO will be launched on Polkastarter, a well-known decentralized platform for token offerings. The IDO (Initial DEX Offering) price of Lympid tokens (LYP) is set at $0.12, which follows a series of previous private rounds. The ICO on Polkastarter presents an exciting opportunity for investors who are looking for exposure to the RWA sector, which is becoming an increasingly popular area within decentralized finance (DeFi).

In the lead-up to the ICO, Lympid has conducted multiple funding rounds. The Strategic Round was priced at $0.05 and raised $250,000, followed by two private rounds. Private Round 1 was priced at $0.07 and raised $490,000, while Private Round 2 was priced at $0.09 and raised an additional $810,000. The project has secured support from notable investors, including GBV Capital, NewTribe Capital, and 1inch, among others.

Lympid’s mission is to make premium real-world assets more accessible to a broader range of investors by reducing barriers to entry. Through its platform, users can invest in a wide variety of alternative assets, from luxury items like Rolex watches to more niche investments, including competition horses. This diverse offering, combined with a focus on transparency and accessibility, has made Lympid an attractive option for investors seeking to diversify their portfolios.

The platform’s Token Generation Event (TGE) and the subsequent distribution of LYP tokens are expected to take place around the same time as the ICO launch, further increasing anticipation within the crypto community. Lympid's roadmap shows a strong commitment to developing its ecosystem, with plans for further integration and enhancements to its platform post-ICO.

Investors and users will be able to participate in the ICO through Polkastarter, which has become a preferred platform for decentralized token launches. The Polkastarter platform allows projects like Lympid to raise capital while leveraging decentralized technology to ensure fairness and accessibility for participants.

In addition to the Polkastarter launch, Lympid has received significant backing from a variety of strategic partners. GBV Capital, a Tier 3 venture capital firm, participated in Lympid's Strategic Round, while NewTribe Capital, a Tier 4 venture firm, and 1inch, a prominent decentralized exchange, have also shown support. These partnerships are indicative of the confidence that industry leaders have in the Lympid project and its long-term potential.

The Lympid ICO will be a major event in the RWA space, as the project aims to bring more liquidity and less friction to asset management through its tokenized platform. With growing interest in decentralized finance (DeFi) and real-world asset tokenization, Lympid's upcoming token sale could be an opportunity for early investors to gain exposure to this innovative sector.

In summary, Lympid's ICO represents a significant opportunity for investors looking to enter the RWA sector through a transparent and accessible platform. With the token launch set for Q4 2024, interested participants are encouraged to follow the latest updates on the platform’s official channels, including Twitter, Telegram, and other social media platforms, to stay informed about the upcoming airdrop and ICO details.

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