Paribus IDO to be held on CardStarter on August 27
Paribus IDO to be held on CardStarter on August 27, at 3PM UTC with registration slated to begin from August 19th at 3PM UTC.
The Paribus protocol remedies marketplace inefficiencies by modeling assets in order to create heretofore unseen and unprecedented lending markets to be utilized synergistically across other DeFi protocols.
Some platform highlights include:
- Staking and collateralized loans for NFTs
- Staking and collateralized loans for liquidity positions
- Leveraging yield-bearing assets in collateralized loans
- Lending, borrowing and staking of synthetic assets
The PBX Token
Paribus’ governance token, PBX, offers holders the power to submit and vote on proposals suited to the development of the protocol. While governance was once dismissed and now embraced, it is often largely misunderstood. Paribus’ governance is potent. The power to create, sustain and incentivize marketplaces for example can represent enormous opportunity which users will soon see and be able to capitalize on.
Another key driver is PBX token holders will also be able to stake their tokens to receive a portion of fees earned by the platform. Rewards will be delegated in a tiered system, determined by the quantity of tokens staked.
About CardStarter
CardStarter is the first incubator, launchpad and insurance program for projects being built on the Cardano network. The CARDS platform is a unique and dynamic launchpad, connecting projects to early supporters and a network of key partners. The Cards Accelerator Program (CAP) team works with each project individually to establish the right connections and map marketing strategies, establishing the foundation for long term success.
CardStarter is also differentiated by its charge to protect its supporters. CARDS provides unbiased third-party audits of every project’s code and protects IDO participants with an in-house insurance program.
About Paribus
Paribus believes that if an asset can be verified, it has market value and can be sold. While decentralized financial applications have reshaped the investment sector, alternative assets such as NFTs have not been optimally leveraged by existing DeFi protocols. Paribus aims to change this and redefine the value of these previously challenging assets within their cross-chain protocol, offering layered leverage across protocols and increasing the earning power of DeFi investors on any chain.
➡️Source:
https://medium.com/@paribus_io/august-27th-paribus-x-cardstarter-174df855e57c
