LandX, the agricultural finance protocol, has raised $915,000 in its latest funding round. The private funding round brings to over $5 million, the amount of capital raised by the project from private investors to date. Importantly, it signifies investor confidence in the project.
After two years of development, LandX will be opening up for public funding this week, giving investors the chance to own the project’s LNDX governance token. LandX has allocated 3,000,000 tokens for public sale, with each token to be sold at $ 0.50 USDC.
A new way to fund agriculture
The public round will open up the project to a broader audience, with the LandX community given priority access starting December 4th, with the Omega Sale. The Alpha Sle will then follow on Thursday, 7th December. The wider public will be able to buy LNDX from Sunday, 10th of December to Wednesday, 13th of December. LandX will then list LNDX token on multiple exchanges on Friday, 10th December. Thereafter, the platform will launch officially a day later, on December 15th, 2023.
LandX is an innovative blockchain-based agricultural finance, on a mission to bring access to agricultural finance to the masses. LNDX is the protocol’s Ethereum-based governance token that powers LandX’s ecosystem of tokenised farmland assets. The project is backed by underlying real-world farmlands, boosting investor confidence in a system built on sustainable yields.
The project is leveraging blockchain technology to democratise access to capital for agriculture, based on a DeFi model. LandX has created a product, xTokens, which enables it to run an ecosystem of uncorrelated digital assets, with a hedge against inflation. Furthermore, these assets are tradeable round the clock on decentralised exchanges.
LandX is driven by the promotion of a sustainable and efficient system of financing agriculture, and staked LNDX enables token holders to participate in the platform’s governance decisions. After the launch, LNDX will be distributed for a limited period, during which private sale investors will have the opportunity to lock their tokens for 3-12 months. On the other hand, seed investors will have the option of voluntarily locking their tokens for 48 months.
The project has announced a $500,000 guaranteed capital deployment in the decentralized exchange liquidity pools, which will give users the opportunity to optimise their earnings in a market with fast settlement of orders.