• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Sensei Inu Logo Sensei Inu Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
platofarm

PlatoFarm Secures $1.8 million In Seed Round Finance

Steven Hay by Steven Hay
2 years ago
in Industry
0

PlatoFarm is a multi-chain blockchain and NFT game that supports the ERC-1155 and HRC-721 token protocols. The game tasks players with farming plants and raising livestock on a small farm to earn both MARK and PLATO tokens, which can be used with various NFT items to turn their barren land into busy cities. Players can also build their own guilds and start earning money playing the game.

As a player, your farmland might start out small and meager. The project itself however is anything but small. PlatoFarm just raised a whopping $1.8 million in its latest seed financing round. The top financiers are some of the biggest names in crypto venture capital including Block Venture, one of the top VCs in Silicon Valley, and Chronos, a top Russian venture capital firm. Other VC firms joining in the fundraise include Cipholio Ventures, Web4 Venture, OP Crypto, Formless, K&R Limited, ZBS Capital and a few other institutions.

There is good reason for the buzz when you consider what the game has to offer and the innovative approach it’s taking to crowdfunding the project with NFTs. PlatoFarm is going to do it through an industry-first NDO.

Launching an IDO And the First-Ever NDO to Raise Even More Funds

With $1.8 million at its disposal, things are about to start looking even brighter for PlatoFarm. An insane 220,000 users have already preregistered to play the game and there are 70,000 Beta players already playing the game itself. Those users span the globe. While many of them are in the United States, Beta players are also in Russia, Japan, South Korea, and Southeast Asia.

Add those numbers to more than 50,000 users on Telegram, 10,000 users on Discord, and 17,000 users on Twitter, and it’s obvious that the upcoming launch of an IDO on popular decentralized exchanges is going to get the support of the community right away.

Anyone following the crypto world closely over the last year already knows that IDOs can add millions of dollars to the market cap of any new project, but it’s PlatoFarm’s first-ever NDO that takes things to a whole other level.

What Is An NDO and How Is PlatoFarm Going to Raise Money with It?

An NDO is a new public fundraising mechanism developed by the founders of PlatoFarm, a company called Second Space. It involves NFT asset transactions that issue tokens. The NDO will take place on the game’s official website, www.platofarm.game.

PLATO tokens will be entered into a trading pool using smart contracts. When users trade NFTs during this NDO, the smart contract associated with the trading pool will get triggered and the mining of PLATO tokens will begin giving users a much cheaper price on the tokens than they would get once they began trading on the open market.

PlatoFarm is the first-ever project to usher in a new era using this kind of fundraising model. What’s most exciting is that a percentage of the transaction fees and taxes generated by the event will go back to the project’s decentralized autonomous organization (DAO), which will feed further development and evolution of the game.

The Community Gets Some Control over the NDO

PlatoFarm will leave a lot of the decision-making process regarding the NDO. More experienced players of the game and avid supporters will get the chance to vote on whether the project should release over 200,000 PLATO tokens to users through three different trading pools featuring 30,000, 50,000, and 120,000 tokens respectively. PLATO tokens will continue to unlock until NFT trading is complete.

Users will have 24 hours to vote and the NDO launch will be announced on PlatoFarm’s Twitter account. Once it is complete, 2.5% of the NFT tax will be given back to the DAO as a way to support MARK and PLATO holders, volunteers, and avid players of the game.

With so much hype around the project, the founders of PlatoFarm expect that 100% of the 200,000 PLATO tokens scheduled to be circulated as a result of the NDO will indeed need to be released to satisfy demand.

Watch for the project to come to a hugely popular decentralized exchange very soon and an IDO/NDO token launch that is undoubtedly going to steal headlines across the cryptosphere.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Steven Hay

Steven Hay

Related Posts

ViaWallet Review: Store and Manage Cryptos With Ease

ViaWallet Review: Store and Manage Cryptos With Ease

10 hours ago
TOKEN2049 rocks Singapore, tomi wins best project for its surveillance-free internet

TOKEN2049 rocks Singapore, tomi wins best project for its surveillance-free internet

4 days ago
Cross-Chain Swaps Are Becoming Easier Thanks to These Integrations

Cross-Chain Swaps Are Becoming Easier Thanks to These Integrations

4 days ago
8 Best Crypto Presales And ICOs For Your Watchlist – High Potential Projects

8 Best Crypto Presales And ICOs For Your Watchlist – High Potential Projects

5 days ago
Best Online Casinos In South Africa For Gambling 2023: Top South African Casinos Updated

Best Online Casinos In South Africa For Gambling 2023: Top South African Casinos Updated

6 days ago
Best New Online Casino NZ With Real Money – Top Paying Online Casinos NZ 2023

Best New Online Casino NZ With Real Money – Top Paying Online Casinos NZ 2023

6 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit

Press Releases

  • Polkadot (DOT) and Cosmos (ATOM) Prices Might Be Hitted...

    14 mins ago
  • Big Performers Toncoin (TON) And Cosmos (ATOM) Shine...

    14 mins ago
  • Meta Tower Embarks on a New Frontier: $MT CEX Listing on...

    4 hours ago
  • Traders Fear Bitcoin Returning to $22,000, But That...

    4 hours ago
  • Label Foundation Joins Hands with LG Electronics for...

    9 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.