SingularityDAO Launches LDY Token Sale on its Own Launchpad

IconCryptoNewsTerminal Staff28 May, 2024

cryptonews.jpg

SingularityDAO Launches LDY Token Sale on its Own Launchpad

SingularityDAO Launches LDY Token Sale on its Own Launchpad SingularityDAO, a decentralized artificial intelligence startup and sub-project of SingularityNET (AGIX), has announced the launch of round 1 of a token generation event (TGE) for LedgityYield (LDY) on its own launchpad platform. LDY is a token that provides financial management solutions for Chainlink (LINK)-based stablecoins. The launchpad platform allows users to participate in token sales for projects that have been vetted and approved by the SingularityDAO team. The LDY TGE is the first to be held on the platform, and it is expected to raise up to $5 million. The LDY token will be used to provide a range of financial services for LINK-based stablecoins. These services will include: - Yield farming: LDY holders will be able to stake their tokens to earn rewards in LINK. - Lending: LDY holders will be able to lend their tokens to other users to earn interest. - Borrowing: LDY holders will be able to borrow LINK-based stablecoins using their LDY tokens as collateral. The LDY token sale is a significant step forward for SingularityDAO and its mission to make AI more accessible and affordable. The token will provide a much-needed financial management solution for LINK-based stablecoins and it is expected to attract a large number of investors.