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Summary of Idexo Token
Key Points:
- Idexo enables innovators to build disruptive applications using blockchain technology and NFTs.
- Founded in 2021 by Greg Marlin and Helder Sepulveda.
- Received grants and investments from notable investors.
- The Idexo (IDO) Token TGE took place on September 20, 2021.
- $IDO token holders can stake in pools and receive rewards in $USDT and $IDO.
Numbers and Figures:
- 2021: Year Idexo was founded.
- 500 AR: Early grant from Arweave.
- $3.
Introducing the Idexo Token: Empowering a New Era of Innovation
Idexo empowers innovators with the tools necessary to craft groundbreaking applications. By leveraging the Idexo SDK and API services, developers can effortlessly integrate the core benefits of blockchain technology into their projects with just a few lines of code, seamlessly incorporating NFTs into games, apps, and marketing campaigns. Furthermore, Idexo’s method-based stable pricing on supported blockchain networks effectively mitigates the economic barriers associated with integrating blockchain functionality.
Idexo was co-founded by Greg Marlin and Helder Sepulveda in 2021, leveraging their expertise as full-stack developers to rapidly release the inaugural version of their SDK and back-end engine, even preceding the publication of a whitepaper. The project was incubated through Outlier Ventures’ Basecamp Cohort 4 program in early 2021, during which it received an early grant of 500 AR from Arweave and successfully integrated Arweave into its SDK. Idexo garnered early attention by achieving a remarkable feat: reducing the minting of an NFT, complete with image and metadata on Arweave and token on Binance Smart Chain, to a mere single line of code.
Subsequently, it garnered significant attention for pioneering the ability to mint NFTs on Telegram with a simple bot command and on Twitter with a mere tweet. Leveraging this innovative functionality and subsequent success, it established a foundation for its Community Development Kit and marketing campaigns products.
The Token Generation Event (TGE) for the Idexo (IDO) Token successfully concluded on September 20, 2021. Notably, idexo had previously secured $3.35 million in funding across three private sale rounds and one public sale round, with esteemed investors such as Titans Ventures, Floem Capital, C2G Ventures, CSP DAO, DAO Capital, Moonwhale Ventures, Defiants, BlackDragon, CryptoAvengers, and others participating in the fundraising efforts.
By leveraging the $IDO token, users can participate in both general and directional staking pools, earning rewards primarily in $USDT, supplemented by bonus rewards in $IDO. Furthermore, stakers can utilize the NFTs received during staking to exercise their voting power, thereby influencing the project’s roadmap. The pioneering “proof of stake” staking program is elaborated upon in “10 Reasons to Stake $IDO and How To Do It,” as well as on ido.cl/stakingdetails. A comprehensive overview is also provided in the whitepaper. Additionally, holders of these stake NFTs can capitalize on various benefits, including complimentary and discounted products, as well as exclusive access.