www.Majinx.io www.ALTALab.io

Agreement will allow working together to empowering the Blockchain industry and develop budding projects more effectively.

About Majinx.io:

Majinx.io is a blockchain-focused crypto marketing agency that provides a full range of marketing and fundraising services for WEB3 (any crypto, DeFi, GameFi, or NFT product). Majinx.io helps you meet the goal you’ve set for: Product Launch, ICO/IDO/IEX, Community building. The company knows effective methods for raising the funds required to run your startup or blockchain project. Majinx's traction: $ 12+ million raised in 2021, 23 complicated projects in 2022, 12 projects in the works in 2023, 5000+ VCs on board, and 120+ VC Partners. Majinx.io can assist you at every stage of your project, whether it is in development or need a boost under any given scenario.

For more information about Majinx, visit www.Majinx.io

The partnership between Majinx and ALTA is expected to create positive synergies between the two firms.

About ALTA:

ALTA is a blockchain accelerator and consultancy that is committed to driving the mass adoption of distributed ledger technology (DLT) and blockchain solutions. The company offers a broad range of services to selected startups, including mentorship, due diligence, effective marketing, outreach strategies, and connections to funds, investors, and launchpads.

ALTA's key connections with venture capital funds and investors provide full access to a network of industry experts, advisors, and mentors who can assist startups in growing and scaling their businesses. Through ALTA's scaling and localization efforts, projects can increase their visibility and improve their chances of climbing the top 100 rankings on CoinMarketCap or gaining global recognition.

Ruslan Lynnyk, Co-Founder and CEO of Majinx, said: “Our company, especially myself, are thrilled to announce our new collaboration with ALTA. I believe in our productive work and that by pooling our contacts and knowledge, we will be able to boost all blockchain-related projects.”

Batyr Azimov, Chief Executive Officer (CEO) of ALTA, said: “We at ALTA are truly excited to embark on this new partnership with Majinx. By joining forces, we are confident that we can leverage each other's expertise and networks to deliver unparalleled value to our clients and establish ourselves as pioneers in the blockchain industry. We look forward to a fruitful collaboration that will push the boundaries of what is possible with blockchain technology. Thank you for your continued support and trust in our ability to drive innovation and growth.”

#fundraising #startups  #Web3 #IDO

Initial Farm Offering (IFO) is a fundraising model that helps new DeFi projects raise capital by participating in pre-sales events hosted after stern project vetting by decentralized exchanges.

IFO is a successor of the initial coin offering (ICO), a crowdsourcing method used by cryptocurrency projects to raise funds in the early stages. 

Investors can participate in a pre-sale event that is hosted by the DEX, raising the capital necessary for available projects by investing in native tokens. DEX teams usually prepare a proposed list of the most lucrative projects to launch in the farming event. However, it is worth considering that the tokens acquired via IFO have no clear advantage over those raised through other fundraising models. Despite proper scrutiny by the DEX teams, the value of the token can be affected by the market sentiments.

The most common platform for IFO is PancakeSwap, the users of which can benefit directly from the fundraising. These users are entitled to rewards while the owners of new projects can benefit from the liquidity pool offered by the platform. Most of these tokens are community-driven with little to no control by a specific central authority.

There are two common types of IFO events:

Unlimited Sale: By paying a predetermined fee, the user can stake as many BNB and CAKE tokens as they can.

Basic Sale: A defined number of tokens can be staked and the users are not charged a participation fee.

To be part of an IFO, the first step is to set up an account on any of the DEXs that support this feature. Users then stake CAKE or BNB tokens (according to the participation terms) to take part in the IFO. They must provide liquidity for the farming process. By the end of the process, those users are rewarded with such tokens.

The following are some benefits that could be enjoyed by IFO users:

Elimination of the middle-man. Peer-to-peer transactions are stimulated on the IFO platform, allowing users to save money in the long run even if they are novices in the world of crypto.

IFO maximizes the benefits of trading on DEXs, especially for those who are new to crypto. 

Project fundraising is safe via IFO platforms because of the dual-margin intention.

The decentralization keeps all the transactions and activity transparent for users and investors.

Like all other fundraising events, it is better that each user research the one that suits them the best. However, do your own research properly before investing in any token and keep the factor of volatility in mind. The preceding fundraising models, especially ICO, were heavily reliant on VCs, which meant greater time consumption and unreliable gains. However, being relatively new in comparison to ICO and IEO, some users might not be confident about opting for IFO — but the trend of DeFi may tilt the focus of the market towards IFOs.

#IFO #IPO #ICO #IGO #IDO $ETH $BNB $BTC