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The HeroFi Initial Dex Offering (IDO) crowdfunder is set to be hosted by LaunchZone Pad (LZ Pad). The IDO hardcap will be set at $500,000 with HeroFi’s HEROEGG tokens available at a price of $0.005 each.
To participate, users must own and stake LZ Pad’s $LZ token, as well as complete the whitelisting process. The greater the number of $LZ which a person stakes, the greater number of HEROEGG tokens they will be eligible to buy. Following the sale, the $LZ tokens will be locked for a set period.
“In the new allocation scheme, everyone who locks $LZ on LZ Pad will be able to claim an allocation proportionally to their share of locked tickets.... Each wallet can lock $LZ in maximum 20 batches; the amount of $LZ to be locked in each batch is unlimited. The locked $LZ will be automatically unlocked exactly six months from the lock date, but if users lock their $LZ in different batches, each batch will be unlocked at a different date and time,” explains LZ Pad in their documentation.
LZ Pad helps crypto startups raise the capital they require to take their project to the next level. LZ Pad has supplied a full and complete guide on how to whitelist for the HeroFi play-to-earn game. Whitelisting is now open with submissions requested before the deadline of September 5th at 13:00 UTC.
The HeroFi project has been riding a wave of positive news during a period of extremely positive market sentiment. Most recently the company has announced a number of partnership agreements with key players in the industry including Kardia Ventures, HG Ventures, and Avstar Capital.
With the support of key partners, the company is now preparing to launch at a favorable period for the market. For those reasons, HEROEGG may be one to watch.
Where to find HeroFi:
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MetaMask has improved accesibility for Ledger users in its latest update. The update will roll out from next week, simplifying the proces by which Ledger users connect their hardware wallet to MetaMask.
At present Ledger users are required to open Ledger Live first, then connect their Ledger, then connect MetaMask to it. The sheer number of steps required to make the connection is prohibitive. Community feedback has now prompted MetaMask to streamline the process.
“Ledger users, we hear you,” said MetaMask in a tweet on October 26th. “We have a new improved Ledger support that should be starting to roll out next week. The new support will be entirely in-browser, and won't require Ledger Live installed to use.”
MetaMask went on to tease “extra good news” for hardware wallet users coming very soon.
MetaMask recently launched version 10.3.0 of its extension with a subtly altered login screen. The company is also working on an improved token detection algorithm that is resistant to airdrop scams.
ConsenSys is a leading Ethereum software company. It enables developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. The ConsenSys product suite is composed of Infura, Quorum, Codefi, MetaMask, Truffle and Diligence.
The Korean Teachers’ Credit Union (KTCU) issued a statement denying a report that it has shifted its investment strategy to allocate part of its capital into Bitcoin Exchange Traded Funds (ETFs). The article published by The Korea Economic Daily titled, ‘KTCU to be Korea’s first pension fund to invest in cryptocurrency ETF’ got the entire crypto community abuzz with excitement.
The move is seen as a leap of faith because pension funds are often regarded as conventional investors that favor low-risk traditional products. If the rumor is true, it also signals a departure from the institution’s usual investment strategy.
In a statement released by KTCU and quoted in The Korea Herald, it says - The KTCU has never reviewed an investment in a bitcoin-related ETF, and will never have a plan to do so’
KTCU is a pension fund with $47 billion of Asset Under Management (AUM) raised eyebrows when the local daily published the report. KTCU is dedicated to promoting teachers’ welfare and financial benefits and investment by pension funds is the clearest sign that Bitcoin is now regarded by institutional investors as a mainstream asset.
Korea continues to rein in on the crypto ecosystem and the latest decision to proceed to tax crypto earnings of more than 2.5 million Korean won (approximately $2,105) affirms the government’s tough stance against the crypto industry. The Korean authority has recently shut down more than half of the crypto exchanges operating within its jurisdiction for failing to get the relevant approvals from the Financial Services Commission (FSC).
Given the general policy and regulatory sentiment in Korea, institutional investment decisions are unlikely to favor the crypto industry. Whilst in the US, institutions are taking bold steps ahead.
In a recent announcement, the Houston Firefighters' Relief and Retirement Fund has bought into Bitcoin and Ethereum. This is probably a result of the recent Bitcoin ETF’s approval by the SEC which is seen by observers as the regulator’s stamp of approval for the new asset class.
It would be ideal for traditional institutions such as pension funds to dip their toes into crypto-related investments. This is because pension funds are geared towards capital preservation rather than growth. If Bitcoin can provide this assurance, its narrative as a store of value is bolstered.
Mass institutional adoption for crypto assets may not take place at the pace that many enthusiasts would have wished. Cryptos as an asset class still suffers from volatility and once this massive price fluctuation decreases, it becomes a more viable alternative to other traditional assets.
The HeroFi whitelist is now open for anyone wishing to participate in the crowdfunding IDO event, with submissions invited before the closing date of September 5th.
The HeroFi Initial Dex Offering (IDO) crowdfunder is set to be hosted by LaunchZone Pad (LZ Pad). The IDO hardcap will be set at $500,000 with HeroFi’s HEROEGG tokens available at a price of $0.005 each.
To participate, users must own and stake LZ Pad’s $LZ token, as well as complete the whitelisting process. The greater the number of $LZ which a person stakes, the greater number of HEROEGG tokens they will be eligible to buy. Following the sale, the $LZ tokens will be locked for a set period.
“In the new allocation scheme, everyone who locks $LZ on LZ Pad will be able to claim an allocation proportionally to their share of locked tickets.... Each wallet can lock $LZ in maximum 20 batches; the amount of $LZ to be locked in each batch is unlimited. The locked $LZ will be automatically unlocked exactly six months from the lock date, but if users lock their $LZ in different batches, each batch will be unlocked at a different date and time,” explains LZ Pad in their documentation.
LZ Pad helps crypto startups raise the capital they require to take their project to the next level. LZ Pad has supplied a full and complete guide on how to whitelist for the HeroFi play-to-earn game. Whitelisting is now open with submissions requested before the deadline of September 5th at 13:00 UTC.
The HeroFi project has been riding a wave of positive news during a period of extremely positive market sentiment. Most recently the company has announced a number of partnership agreements with key players in the industry including Kardia Ventures, HG Ventures, and Avstar Capital.
With the support of key partners, the company is now preparing to launch at a favorable period for the market. For those reasons, HEROEGG may be one to watch.
Where to find HeroFi:
