Relay Chain: The Bridge of DeFi is the Next IDO on Starter
The next Certified Start IDO is the highly-anticipated cross-chain bridging protocol, Relay Chain
After a hugely successful first Polygon IDO in Yamp Finance in what is a challenging market, less than a week later, we are delighted to be able to bring to you the next — Relay Chain.
Relay Chain is from the team behind the hugely successful Zero Exchange, one of the first multi-chain AMMs, and a Mcap of over $100M Mcap at the peak of the market in April.
Relay Chain is the next chapter in the story of ZERO and as always, $STARTers will have exclusive access to purchase $RELAY, first.
What is Relay Chain
Relay Chain is the Bridge of DeFi — its aim is to become the ecosystem of ecosystems, the heart of cross-chain traffic — with a focus on utility, security, speed, and trust.
The Relay Chain Ecosystem enables four primary opportunities:
- Incentivize existing chains — making gas tokens easier to procure and have exposure to.
- Protection against CEX risks and oversight.
- Arbitrage opportunities.
- Liquidity incentives (provided by the parent chain and partners) across popular ecosystem tokens.
IDO Details
As $RELAY is launching by exchanging the $ZERO token for $RELAY. The exact $ price of $RELAY will be dependent on the price of $ZERO on the day.
Those who purchase through Starter will get an exclusive 15% discount on that listing price.
Audit: https://drive.google.com/file/d/1L03snyb245tzPnhEcls8VqB3Eby0T-Jm/view?usp=sharing
Date: 2nd August, 2021 @ 1400 UTC
Guaranteed Allocation: Yes, headstart 5 minutes.
Direct Link: https://starter.xyz/#/pool/3 (token and listing prices will be updated closer to the IDO to adjust for changes in QUICK price)
Softcap: $25,000
Hardcap: $100,000
IDO price: $RELAY will be exclusively available at a 15% discount of the price of $ZERO
Listing price: Dependent on the price of $ZERO at the time
Liquidity allocation: 100%
Liquidity locked: 90 days
Relay Chain
Bridging as a Service (BaaS) Provider for DeFi Ecosystems: $RELAY $ETH $AVAX $MATIC $BSC and soon more.
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Starter
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SOURCE: https://starterxyz.medium.com/relay-chain-the-bridge-of-defi-is-the-next-ido-on-starter-3d1c9d31b34e