NASDEX, supported by Polygon, IDO exclusively on QuickStart

A winner of one of the highly competitive Polygon Grants, NASDEX brings a suite of tokenized Asian stocks to Polygon for the first time.

The next IDO to arrive exclusively on QuickStart, the premier launchpad on Polygon, is NASDEX.

A recent winner of a highly sought-after Developer Grant from Polygon, NASDEX will allow users to mint, trade, and stake tokenized equity — and because it is on Polygon, at tip-top speeds and with super-low gas fees.

Following a combined private and seed sale raise of $1.35M that was oversubscribed 16x! NASDEX decided on the combination of Starter & QuickSwap to launch the $NSDX token.

What is NASDEX?

NASDEX is a decentralized exchange with a difference. An exchange that offers users the ability to trade tokenized equities on blockchain via a unique minting and trading mechanism that mimics the off-chain economics of the real world equity price.

Designed to serve as the bridge between the crypto world and the equity world, NASDEX believes that the on-chain adoption of the equity asset class will deliver increased accessibility with improved capabilities for both crypto and equity investors.

NASDEX is truly decentralizing stocks and equities. No geographical limitations, no portfolio management or investment limitations and no KYC.

Two members of the leadership team, Belinda and Josh, were recently interviewed by Girl Gone Crypto here:

Fully collateralized, tokenized stocks

Imagine that you live in a country where trading stocks are forbidden, or where you are restricted access to non-native stocks. This is one of the true, and huge selling points of tokenization.

Blockchain makes it all possible, allowing for limitless, permissionless, trading of any on-chain entities. NASDEX doesn’t just tokenized stocks, every stock or portion of a stock is fully collateralized.

For example, a user who wants to buy 1 stock in Tencent ($TENCT), must mint it for the appropriate amount of USDC stable coin, $MATIC or other approved cryptocurrency — based on its real-wrold value on the stock exchange at the time. This ensures that the markets that are built on NASDEX are legitimate and underpinned by actual value.

NASDEX aims to pay users a yield on top of normal stock returns with DEFI mechanics like farming and liquidity providing. NASDEX will be able to deliver yields to create incentives for our community to grow our ecosystem together. Below is just a taste of what the developers are building to launch in the near future:

Tokenomics

Ticker: $NSDX

Look out for the $NSDX/$USDC LP Rewards pool with huge initial APY on QuickSwap immediately after listing.

IDO Details

NASDEX have opted for KYC for this IDO. You must complete KYC via Blockpass here if you want to take part in the IDO: https://verify-with.blockpass.org/?clientId=kyc_for_nasdex_ido_6ec2f&serviceName=KYC%20for%20Nasdex%20IDO&env=prod

Audit: Underway

Approx initial market cap: $452k (excluding liquidity)

Date: 28th August 2021 17:00 UTC
Guaranteed Allocation: Yes, headstart 5 minutes.
Direct Link: Pool to follow

Softcap: 50,000 USDC
Hardcap: 100,000 USDC
IDO price: 0.25 USDC
Listing price: 0.25 USDC
Vesting: 25% on TGE, 25% per week for 3 weeks.

Liquidity allocation: 100%
Liquidity locked: 60 days

How to take part

Taking part in the NASDEX QuickStart IDO is easy, simply follow these steps:

For a more in-depth guide on how to take part in a Polygon based IDO, please see our docs: https://docs.starter.xyz/faq/how-to-guides/how-to-take-part-in-a-sale-on-polygon-matic

Please make sure to complete KYC to be whitelisted: https://verify-with.blockpass.org/?clientId=kyc_for_nasdex_ido_6ec2f&serviceName=KYC%20for%20Nasdex%20IDO&env=prod

NASDEX

Website: https://www.nasdex.xyz/
Twitter: https://twitter.com/nasdex_xyz
Medium: https://medium.com/@nasdex
Telegram: https://t.me/nasdex_xyz
Announcements: https://t.me/nasdexannouncement
LinkedIn: https://www.linkedin.com/company/nasdextech

Starter

✉️ Telegram: https://t.me/starterxyz
🐦 Twitter: https://twitter.com/starterxyz
🔊 Announcements: https://t.me/starter_announcements
🟧 START BSC Contract: https://bscscan.com/token/0x31d0a7ada4d4c131eb612db48861211f63e57610
🟪 START Polygon Contract: https://polygonscan.com/token/0x6ccf12b480a99c54b23647c995f4525d544a7e72
🟦 START Ethereum Contract: https://etherscan.io/token/0x1d7ca62f6af49ec66f6680b8606e634e55ef22c1
⬜️ START Fantom Contract: https://ftmscan.com/token/0x8ca2ecbce34c322fcea6db912d9dbfd2dda5920d

🟥 START Avalanche Contract: https://avascan.info/blockchain/c/token/0xF44Fb887334Fa17d2c5c0F970B5D320ab53eD557

The leading IDO launchpad, incubator, and investor network for Polygon, Ethereum, Fantom, Avalanche and Binance Smart Chain $START https://starter.xyz