ProjectX $XIL IDO To Be Held On Red Kite Launchpad
On the 9th of September, 2021, ProjectX is launching the IDO of its $XIL on the Red Kite launchpad.
ProjectX works to further develop current investment tools and provide the most secure and simplified way to gain exposure to the NFT market. The ProjectX platform consists of three major components: index funds fixed to NFTs, NFT Liquidity aggregator/rewards farming, and an invitation-only NFT issuance platform for A-level celebrities. These elements complement each other and provide users with a one-stop-shop of NFT-related products.
ProjectX was created to solve both of these problems through simple solutions organized in a way that benefits collectors, creators, and buyers alike. From now on, millions of potential NFT buyers will be able to participate in the market with the appropriate ease and security.
What does ProjectX do?
— ETFs: include dozens of well-selected, well-balanced, rigorously analyzed NFT’s covering a specific area or the entire industry.
— NFT monetization: provide NFT collectors immediate liquidity and passive income on their assets.
— NFT charities: work directly with A-List celebrities to issue limited edition NFTs that give up to 20% of the proceeds and royalties to their charity of choice in perpetuity.
About ProjectX
ProjectX is a Non-fungible token (NFT) + Decentralized Finance (DeFi) powered app providing NFT holders with liquidity and traders exposure to NFTs without directly purchasing the asset.
About Red Kite
Red Kite is a cutting-edge launchpad powered by PolkaFoundry as a part of the growing $PKF ecosystem. Red Kite projects are carefully chosen through vetting, which takes everything from the origins of the project teams to legitimacy and implementation capacities into account. These projects are also supported by a network of our high-class marketing partners, leading influencers, and interactive communities.
About PolkaFoundry
PolkaFoundry is a platform for building borderless and frictionless DeFi & NFT dapps on Polkadot. It aims to be the one-stop production hub for DeFi & NFT dapps with all the necessary features, services, integrations, and tools for DeFi experiments, innovations, and real-world solutions.
