Hot Cross Announces an All-in-One Cross-Chain IDO and Launchpad Platform, Teases New Dual-Token Model

The news indicates the increased scope that the company plans to implement, as well as further confirmation of their multi-chain operability.

By
BSCNews
on
September 7, 2021
Category:
Sponsored

Big News From Hot Cross

Hot Cross, the multi-chain tool suite and infrastructure project focusing on solutions for builders, announced today [Wednesday] that they will be entering into both the IDO space on Binance Smart Chain (BSC) as well as Launchpad space on BSC, Avalanche, and a multitude of other Ethereum and EVM blockchains that they currently support.

While they haven't revealed the names yet, Hot Cross shared that two projects are lining up for launches during the latter half of October on Hot Cross, with one of those confirmed to be on BSC and another yet to be announced blockchain. All projects that launch through Hot Cross will have immediate access to tools such as staking, LP farming, cross-chain bridging, and the impressive suite of tools that the team has built to date.

Source

Why There Is a Need to Expand

While the IDO and Launchpad space may seem crowded, Hot Cross disagrees and has only seen an uptick in innovative demands and ideas from some of its existing partners and teams that wish to list on Decentralized Exchanges (DEXes) but do not have access to immediate farming or essential tools offered on some of the other leading AMM's in the space. 

"Not really, but we'll see how things progress from here. If it's in high demand, then we'll tackle it. If not, we won't," Co-Lead Philip Arthur Moore said when asked if Hot Cross plans to launch their own DEX.

This announcement comes on the heels of Hot Cross adding Harmony and Avalanche into Cross Mint, its multi-chain NFT minter, and Cross Send, a multi-chain bulk sender that aims to reduce fees for teams who do giveaways and airdrops often, as well as users who need to distribute tokens to their friends. The solution will launch out-of-the-box on every blockchain that Hot Cross works on, including Ethereum, Binance Smart Chain, Polygon, HECO, KuCoin Community Chain, Harmony, and Avalanche. 


Dual-Token Model?

Hot Cross also teased out a new dual-token model but wouldn't say much more about it other than it exists to reward HOTCROSS' most loyal protocol participants and members. They expect to share more information about this in the coming weeks.

It certainly does not appear that Hot Cross is stopping any time soon. Their development pace and attention to security have been one of the factors driving more awareness towards the project lately.

To learn more about Hot Cross, visit the following links:

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