by Avi | January 19, 2022
Leonicorn Swap, a next-generation AMM and a dual token decentralized exchange, are happy to announce the launch of its Initial Jungle Offering (IJO) launchpad platform. As per the announcement, the IJO launchpad platform was launched on January 14, 2022, in partnership with Annihilation, a play-to-earn multiplayer gaming platform by Crisis Entertainment.
Annihilation is a mobile game on the Android platform that features significant future and past conflicts. Based on seasons, the game brings together players to battle against each other for loot like cosmetics, weapons, character skills and abilities.
Notably, the IJO uses a simple stake for allocation model, requiring users to buy Leonicorn Swap's native token, LEON. After purchasing the tokens, the user will also be required to stake the tokens within the DEX's locked staking function for a minimum of 30 days.
Through the partnership, Leonicorn Swap introduces Annihilation as the first project for their Launchpad (IJO) section. To participate in the event, eligible users (those who complete the staking period) will have to commit their BUSD equal to their locked LEON tokens. Once they are done with the process, they can purchase ANCE tokens, Annihilation native tokens. Following the IJO, ANCE holders will access various investment opportunities on Leonicorn Swap, such as farming pools. For Leonicorn Swap, this opens doors to strategic partnerships with many new projects.
By design, Leonicorn Swap's IJO launchpad offers users two choices, a Basic Sale and an Unlimited Sale. These two options run concurrently, with Basic Sales assigned 20% while the Unlimited sale assigned 80%. The Basic Sale option offers users (especially small investors) a fair chance to compete for an allocation. However, all users are welcome to choose either of the options. Once the sale is completed, the platform will send prospective IJO tokens and unused BUSD tokens to the users. Note that the Basic Sale does not require a participation fee and limits up to $100 worth of BUSD. On the other hand, the Unlimited Sale is subject to a participation fee but allows users to commit any value of BUSD of the value of their locked LEON tokens.
Adding to the IJO launchpad, Leonicorn Swap is currently working towards launching its multi-chain prediction markets. The first of its kind, the multi-chain prediction market, will allow users to participate in exciting, fast-paced price prediction markets. This feature consists of a game where users test their analytical power to predict the prices of a given asset within 5 minutes-the users with the correct prediction win. The game will be open for ETH, BNB and MATIC at launch. However, Leonicorn plans to add more tokens to the list in the coming days.
Launched in 2021, Leonicorn Swap still has a long and rich roadmap. The project will add to a cross-chain NFT marketplace, Leonicorn Royals NFT, autostake and smartstake NFT surprise box, Insurance for user deposited funds, Venture Capital Arm, and so much more.