XDEFI Wallet Expects to Raise $12 Million Cross-chain walle | ССenter – Blockchain and Bitcoin

XDEFI Wallet Expects to Raise $12 Million

Cross-chain wallet XDEFI plans to raise $12 million by selling its new service token, XDEFI, on a decentralized exchange (DEX), a representative of the development team said. DEX's initial offering (IDO) will take place in early November on MISO, a platform specifically designed to offer new tokens on SushiSwap.

The ERC-20 compliant token will be used to fund decentralized finance (DeFi) projects and non-exchangeable tokens (NFT), the XDEFI wallet said Tuesday.

The sale, known as the initial DEX offering (IDO), will take place in early November on MISO, a platform created to offer new SushiSwap DeFi tokens.

The XDEFI wallet offers access to blockchains such as THORChain (RUNE) and Terra (LUNA), so users can easily switch between protocols.