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DeSpace Protocol: What You Should Know Ahead of Upcoming IDO

UTC by Devan Harmon · 3 min read
DeSpace Protocol: What You Should Know Ahead of Upcoming IDO
Photo: DeSpace

DeSpace potentials in the DeFi and NFT sector have been recognized by venture capitalists who have committed their funds to the platform’s progress. An early seed funding round attracted top blockchain investors like Wu Blockchain, DuckDAO and many more. 

DeSpace protocol has continued to experience massive growth and is regarded as one of the innovative platforms in the blockchain space. It recently revealed its upcoming IDO that is scheduled for September 20-21.

The IDO is expected to be held on three partner launchpad platforms, including AZDAO.io, Poolz.finance and DuckDAO.io. Interested participants will be selected based on the different criteria used by the launchpad of their choice. 

A total of 781,251 DES tokens have been allotted and will be on offer for a base fee of $0.32 per token. Ahead of this significant event, we look at the key features of DeSpace Protocol. 

Third-Generation Blockchain Protocol

DeSpace protocol is a new blockchain protocol that aims to create a modern and innovative environment for NFT and DeFi. It works as an all-in-one hub where NFT and DeFi enthusiasts can access unique products and explore services from multiple chains. 

The DeSpace protocol team has taken a different approach and created a native blockchain network for the DeFi and NFT platform called DeChain. DeChain is a highly scalable blockchain infrastructure that allows swift and low-cost transactions across multiple chains. DeSpace protocol leverages this infrastructure to provide users with an intuitive platform with extensive features. 

The DeSpace ecosystem is well thought out and consists of products that are easy to navigate and use. DeFi enthusiasts can explore the various DeFi products. For example, DeSwap is a decentralized exchange that provides quick, low-cost swaps and massive earning opportunities for users. 

Liquidity providers can provide liquidity on supported pools and get rewarded in pool fees and DES tokens. DeLend, is a decentralized lending platform where users can lend and borrow stablecoins. Lending protocols have become popular, and DeLend can become a major stakeholder in this sector. 

DeSpace also caters to NFT enthusiasts with a comprehensive NFT suite that includes the NFTPad. The NFTPad is the dedicated NFT platform designed to simplify the process of creating, minting and soring NFTs. Creators and artists can mint their NFTs for low fees compared to Ethereum and auction them within the auction platform. DeSpace protocol also incentivizes NFT creators with DES tokens and other NFT items. 

Backed by Key Blockchain Investors and Venture Capitalists

DeSpace potentials in the DeFi and NFT sector have been recognized by venture capitalists who have committed their funds to the platform’s progress. An early seed funding round attracted top blockchain investors like Wu Blockchain, DuckDAO and many more. 

DeSpace has also been able to attract several partnerships within the blockchain space that will expand its adoption and use of its token DES. Another key feature of DeSpace is its team which consists of experienced and top minds from the financial industry. Francis Ifegwu leads as CEO and other key members, including Micky Irons, Evgeniy Tretyakov and Isak Saryieu

Final Thoughts

DeSpace is a well thought out platform that can expand on the existing gains made in the DeFi and NFT sectors. The upcoming IDO is a significant milestone, and early investors can get massive profits in the coming months as its ecosystem increases. 

Guest Posts
Julia Sakovich
Author: Devan Harmon

Devan is a crypto trader and Bitcoin enthusiast. He does his best to keep up to date with all the latest trends and innovations in the blockchain industry and likes sharing his expertise.

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