Pontoon Finance Announces the First-Ever Initial Hot Cross Offering
Liquidity fragmentation and composability remain some of the significant issues hindering the growth of the DeFi space. Pontoon aims to address this through its liquidity mirroring techniques across various networks. In the pursuit of this, Pontoon Finance is ecstatic to announce its upcoming token sale on Hot Cross, the leading multi-chain cross chain suite for stellar blockchain teams and communities.
With the First-Ever Initial Hot Cross Offering to be conducted on Hot Cross, Pontoon Finance will be the first movers in the upcoming era of IHO’s. Pontoon Finance will premiere on Hot Cross on 28th October, 2021. This strategic collaboration will be a game-changer in the DeFi space and lay a stronger foundation for future collaboration. Both Pontoon Finance and Hot Cross are on the mission of revolutionizing the DeFi space and this collaboration will result in exchanging synergies for a decentralized future.
Why IHO: Breaking the Stereotype and Taking a New Route
With the IDO ramping up the momentum across various networks, Pontoon in itself wanted to create an impact that was distinct. The IDO hype was too focused on providing community benefits and powering a decentralized fundraise, leaving out the focus on the importance of strategic collaborations and B2B standpoints. Pontoon Finance was keen on creating a balance between both for the long term growth and success of the projects. In the quest of expanding our network, community initiatives, strategic partnerships, collaborative efforts and B2B partnerships, Pontoon Finance is gearing up for the IHO. With Hot Cross IHO’s bringing the best of both worlds, Pontoon Finance was definite that this could be the best ever resort to their launch journey. Ofcourse, we wanted to provide an unique and personalized experience to our stakeholders and beloved community members in contrast to the preconceived notions of the hyped IDO’s leaving users in disdain. And also, the fun element too.
We wanted to do things differently and hence we are here. Fasten your seatbelts as we are here to take you through this exhilarating journey with our First-Ever IHO. Excited much?
What is Initial Hot Cross Offering?
We are sure you would be wondering what an IHO means? First and foremost, an IHO works similarly like an ApeSwap’s IAO or PancakeSwap’s IFO. Users will essentially have to pay in a HOTCROSS-BNB LP PCS V2 (contract address) for $TOON tokens. The excess funds will be returned to the users upon the claim. Interestingly there will be a mixture of capped and unlimited (overflow) sale portions which will be dependent on successful participants and KYC registrants. It is all about creating the balance and this wouldn’t be possible without the community’s support.
Comprehensive Pontoon x Hot Cross IHO Details
Lets closely dive into the details:
- Where to buy TOON: IHO page;
- Where to whitelist and KYC for the sale: KYC page. You must have a KYC’d wallet to participate in this sale. There is no wiggle room here — we are a B2B compliant-facing team that is non-anonymous and serious about pushing innovation and ideas forward in the on-chain space;
- Amount to raise: $700,000;
- Tokens for sale: 2,000,000 TOON (2% of Total Supply);
- Token price: $0.35 per TOON;
- TOON Metrics: Metrics PDF;
- Payment method: HOTCROSS-BNB PCS V2 LP’s, BNB zapped into HOTCROSS-BNB PCS V2 LP’s, or BUSD zapped into HOTCROSS-BNB PCS V2 LP’s;
- Launch Time: October 28th, 2021. The exact clock time will be announced super soon. You will have ample time to participate;
- IHO Duration: ~6–8 Hours (we’ll make this super-clear pre-launch);
- Vesting: No Vesting;
- HOTCROSS Holding Requirements: 0 Holding Requirements;
- Tiers: 0 Tiers, everyone is on the same level;
- Lotto: No lotto, everyone who KYC’s can participate;
- Deadline to whitelist: October 25th, 2021. Do not delay. Start now;
- Capped Session Amount: TBD;
- Uncapped Session Amount: TBD;
- HOTVIP: This is absolutely not required for participating in the first IHO.
Get more details here: https://updates.hotcross.com/p/iho-pontoon-finance
What’s Next: The Road Ahead for Pontoon Finance
Our team is currently in the BUILD mode and is constantly working towards establishing strategic partnerships, driving community initiatives and social efforts, collaborating with potential partners and stakeholders. The entire team is relentlessly working towards revolutionizing the DeFi metaverse and bringing in fantastic use-cases to drive massive adoption. The journey is demanding but fulfilling. We will soon be rolling out more details and sharing our little to big milestones with our beloved community and stakeholders. The fun begins here.
Don’t forget to participate in the Pontoon — Hot Cross $20,000 Giveaway as part of the IHO celebration here. It’s live.
About Hot Cross
Hot Cross is an extensive multi-chain and cross-chain tool suite that enables blockchain teams and their communities to thrive. At its core, Hot Cross aims to be the best toolbox for ETH and EVM networks. Their development philosophy is agile, and they are a cohort of builders who aggressively seek out opportunities to meet the demands of the now for both B2B and B2C.
About Pontoon Finance
Pontoon offers users One-click liquidity mirroring across ETH, BSC, HECO Chain, xDAI, POLYGON, OPTIMISM with incentivised Relayer Network and Liquidity Mining for Liquidity Providers across the chains. We solve the prevalent fragmented liquidity problems across chains employing a decentralised and trustless approach.