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A Closer Look at Poolz Finance’s New Token, POOLX

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On March 30, the IDO platform Poolz Finance released information about the deployment and distribution of its new token, POOLX. Before the March 15 attack, those who held the origi

A Closer Look at Poolz Finance’s New Token, POOLX

On March 30, the IDO platform Poolz Finance released information about the deployment and distribution of its new token, POOLX. Before the March 15 attack, those who held the original POOLZ token will receive the new token at a 1:1 ratio, without a lockup period. The total supply of the new token POOLX will increase by 10% compared to the total supply of POOLZ, which will be launched at Poloniex, Huobi, and PancakSwap on March 30th at 23:00.

The new POOLX token for Poolz Finance will be launched at 23:00, with a total supply increase of 10% compared to POOLZ

Poolz Finance is a rapidly growing Initial DEX Offering (IDO) platform that provides fungible tokens to investors before listing on larger exchange platforms. On March 30, 2021, Poolz Finance made an exciting announcement about the launch of a new token, POOLX. In this article, we will dive into the details of the deployment and distribution of POOLX.

Introduction

Poolz Finance has been making waves in the crypto community since its launch in 2020. The platform aims to create a decentralized VC ecosystem that provides investors with access to novel projects that have not yet made it to larger exchanges. The platform utilizes a “cross-chain” bridge to enable liquidity on Binance Smart Chain (BSC), Ethereum (ETH), and Polygon (MATIC).

Deployment and Distribution

On March 30, Poolz Finance announced the release of its new token, POOLX. Before the March 15 attack, those who held the original POOLZ token will receive the new token at a 1:1 ratio, without a lockup period. The total supply of POOLX will increase by 10% compared to the total supply of POOLZ. This new token, POOLX, will be launched on several different exchange platforms including Poloniex, Huobi, and PancakSwap on March 30th at 23:00.

Benefits of POOLX

The newly released POOLX token provides investors access to exclusive, curated projects on the Poolz Finance platform. The original POOLZ token has fundamental use in the IDO launchpad, but POOLX provides exclusive benefits to holders. The purpose of releasing POOLX is to incentivize investors to hold and use POOLZ tokens to maintain access to the Poolz IDO platform, which boasts several rapidly emerging projects.

Conclusion

Poolz Finance’s new token, POOLX, provides investors with expanded benefits compared to the original token, POOLZ. Those who held POOLZ tokens before the March 15 attack will receive POOLX at a 1: 1 ratio, without a lockup period. This new token, POOLX, will be launched on several different exchange platforms, making it easy for investors to access the exclusive curated projects on the Poolz Finance platform.

FAQs

1. How can I get my hands on POOLX tokens?
Ans: POOLX tokens will be launched on several different exchanges, including Poloniex, Huobi, and PancakeSwap on March 30th at 23:00. You can purchase POOLX tokens on any of these exchange platforms.
2. What are the benefits of holding POOLZ tokens?
Ans: POOLZ tokens are fundamental to the Poolz IDO platform. Holding POOLZ tokens provides investors with access to a range of novel projects that have not yet made it to larger exchanges. Additionally, holding POOLZ tokens incentivizes investors to use the Poolz platform.
3. Can I convert POOLX tokens back into POOLZ tokens?
Ans: No, POOLX tokens cannot be converted back into POOLZ tokens. They are two separate tokens with differing benefits and use cases.

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