Participation in the Public sale is through the Collective Finance DApp and by navigating to the Presale Tab.
Decentralized Finance (DeFi) protocol Collective Finance has announced plans to launch the public sale of its native token $CLF built on the Binance Smart Chain (BSC) network. As contained in a Press Release shared with Coinspeaker, the public token sale can be accessed with a 10% discount, setting a generally lowered barrier for more encompassing community participation.
The Collective Finance protocol was designed as an innovative outfit that offers access and participation when it comes to investment in multilayered, yield-generating opportunities to provide wide exposure to digitized commodity representations. While it is looking to carve out a niche for itself in today’s fast-growing DeFi world, Collective Finance is optimistic the token sale will help fasttrack its development across the board.
Thus far since its inception, Collective Finance said it has raised a total of $500,000 and that the public sale is an avenue to grant access to more people as it seeks to bring its products to life. The minimum investment to participate in the Public sale is $50 and the cap is pegged at $500,000.
A Presale with a Difference
According to the protocol, its CLF token sale has a marked difference from many in the crypto ecosystem seeing that a liquidity token that can be used to participate in governance activities will also be airdropped alongside the main token. Dubbed the BTCB, the liquidity token is designed to empower its holders to tap into the key riches of the Collective Finance platform.
“Despite massive growth over the last few years, DeFi still trails traditional finance in many respects. In traditional finance, participants can hold and gain exposure to commodities such as gold, silver, and oil, but there are heavy restrictions, high fees, and limited ways to generate additional passive revenue from such investments,” said Collective Finance Crypzom-Zachary, adding that;
“Collective Finance is here to deliver on that front by launching C-Tokens, which represent tradable, asset-backed, over-collateralized commodity with direct yield-earning potential. We can help get the ball rolling by providing widespread access and inclusion to our suite of products and services and our robust DeFi tools so that we can open multi-layered, yield-generating opportunities and provide exposure to digitized commodity representations to as many people as possible.”
Collective Finance to Offer Additional Incentives
Besides gaining access to the liquidity tokens for free, Collective Finance said participants in its Public Token sale will also have the opportunity to mint a Limited Edition Non-Fungible Token (NFT).
To participate in the NFT minting offer, users will need to deposit $1,000 or more in the presale and lock their position within the Collective Finance locked-staking platform in any of the available tiers within seven days. Per the announcement, investors are entitled to 1 Limited Edition NFT per $1000 locked.
Participation in the Public sale is through the Collective Finance DApp and by navigating to the Presale Tab. The CLF and BTCB tokens will be airdropped once the project launches fully in April.