PlatoFarm Completes $ 1 Million Seed Funding, To Launch First-ever NDO
PlatoFarm announced that it has raised $ 1.8 million in seed funding, with investments from Block Ventures – a leading venture capital firm in Silicon Valley – and Chronos Ventures, a leading venture capital firm. plan in Russia. Additional investments have come from Cipholioop, Web4 Venture, OP Crypto, Formless, K&R Limited and other institutions.
PlatoFarm is a multi-chain blockchain game from Second Space that integrates a decentralized wallet, non-fungible tokens (NFTs), decentralized exchange, and social features to improve user experience and reduce barriers to entry.
PlatoFarm will also introduce a unique Decentralized Autonomous Organization (DAO) governance model that combines the traditional token asset model with a playtime model, where community players can also participate in DAO governance based on their time spent playing PlatoFarm. This unique DAO governance model provides a new solution for blockchain games, and even for the entire blockchain industry.
The PlatoFarm ecosystem
The official version of the game is about to launch and has 220,000 pre-registered users and 70,000 beta players from the United States, Russia, Japan, South Korea and Southeast Asia.
After passing beta testing, the project side has now finished optimizing various functions to ensure that the online version brings quality experience to gamers. PlatoFarm has experienced strong growth since its inception, and its community is growing massively – with over 50,000 users on Telegram, nearly 20,000 on Twitter and 10,000 on Discord, at the time of publication.
PlatoFarm’s breakthrough innovation for metaverse games: NDOs
In addition to the game’s upcoming launch, PlatoFarm’s next Initial DEX Offering (IDO) and the industry’s first NDO are also worth waiting for. PlatoFarm will first launch its IDO on a well-known DEX, then its NDO. NDO is a new public offering mechanism and is the first NFT transaction to issue tokens. PlatoFarm’s ODN will take place on its website, and the PLATO tokens will be entered into the exchange pool through smart contracts. In the NFT trading process, the user triggers the smart contract of the trading pool to mine PLATO at low price and make profit. During this period, all taxes and fees generated by the NFT transaction will be donated to the community. Currently, an NDO has yet to be tried in the industry, and PlatoFarm is ushering in a new era of blockchain gaming.
PlatoFarm will launch a community vote on whether to implement the NDO, and all experienced supporters and players will vote together on whether to support PlatoFarm by distributing 200,000 PLATOs to individual DAO community members through the NDO. After 24 hours, more than 51% of all voting members must approve the ODN; otherwise, it will not be supported. (PlatoFarm will also launch an NDO public vote on its Twitter account in the coming days).
- Exchange pool: PlatoFarm places 200,000 PLATO in contracts and forms three exchange pools of 30,000, 50,000 and 120,000 tokens. Trading in different trading pools will give the corresponding NFTs different numbers of PLATOs and unblock PLATO until the NFT trading is completed.
- A 5% tax on NFT transactions is paid in full to members of the DAO community (MARK holders, PLATO holders, community volunteers and players).
- All three swap pools should have 50% to 500% space, and the resulting PLATO can be 100% broadcast.
Something to look forward to
After the NDO launch, the PlatoFarm community can focus on other big, exciting events for the platform, as it will be listed on one of the largest and most decentralized exchanges in the near future.
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