Charged Particles Announces IDO on Polkastarter

Launching the $IONX token IDO on Polkastarter for Charged Particles

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Charged Particles

3 min readMay 18, 2021

The Charged Particles team is excited to announce our Initial Decentralized Offering (IDO) for the Charged Particles’ Governance Token, $IONX on Polkastarter. In the coming days, we’ll be releasing another post with more information about the sale date and instructions on how to sign up for the sale.

Charged Particles was started in late 2019 and allows users to Do More with their Non-Fungible Tokens (NFTs) offering near-infinite flexibility and creativity within this growing space.

With Charged Particles, any NFT can be transformed into a basket containing other ERC-20 tokens, even other NFTs. The Principal amount can be time-locked inside the NFT, and through integration with Aave’s aTokens, the programmable yield from these DeFi yield-generating assets is just a few clicks away.

Charged Particles is backed by top web3 investors in the space, and the Protocol & DApp went live on MainNet on 17-Feb.

With the Charged Particles Protocol, ANY NFT can hold multiple assets — soon, everyone will need to ask: “What’s in your NFT?”

The Charged Particles governance token, $IONX, exists to govern the Charged Particles Protocol. Any changes to the Protocol will be proposed and voted on by $IONX token holders. These proposals can include things like adjusting contract configuration values to adjust the protocol deposit fee, implementing scaling solutions, adjusting 3rd party integration fees, registering, adjusting or disabling DeFi protocols as yield sources, and controlling the future distribution of $IONX to protocol contributors.

Earlier this month, we announced the closure of our 10x over-subscribed seed round, bringing the total funding of Charged Particles to $1.75M with support from top Web3 investors in the space. Investors in Charged Particles include: The LAO, ParaFi, CoinGecko, LongHash, MoonWhale, D64, Fourth Revolution Capital, Nalu Fund, HashKey, Au21 and angels including: Leighton Cusak (PoolTogether), Stani Kulechov (Aave), Liz Rabban (Ex-Celsius Network founding team), Matt (Nifty Gateway), Tyler Ward (BarnBridge), Gmoney, and Jordan & Kain from Synthetix.

The Charged Particles community (shout out Photons!) is one of the best in the space and want to thank all the advisors and community members that have supported us for so long. We’re so excited to bring the $IONX Governance token to life via a public sale IDO on Polkastarter.

We’ll be announcing the details over the coming days, make sure to stay tuned to official public channels for further details!

Update — WHITELIST INFORMATION: https://medium.com/charged-particles/charged-particles-whitelist-for-polkastarter-ido-is-now-open-6aa25e1858f

⚠️Disclaimer Everything related to $IONX tokens, smart contracts and their addresses will be only available on official channels. Charged Particles team members will NEVER DM you ever about anything. Please be careful. ⚠️

Official channels are:

Telegram Chat: https://t.me/chargedparticles

Discord Chat: https://discord.gg/HdRx4SBMDv

Telegram announcement: https://t.me/CPAnnouncements

Twitter https://twitter.com/DefiNft

About Polkastarter

Polkastarter is a permissionless DEX built for cross-chain token pools and auctions, enabling projects to raise capital on a decentralized and interoperable environment based on Polkadot. With Polkastarter, decentralized projects will be able to raise and exchange capital cheap and fast. Users will be able to participate in a secure and compliant environment and to use assets that go way beyond the current ERC20 standard.

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About Charged Particles

Charged Particles is a protocol that allows users to deposit ERC-20 tokens(ANY tokens) into an NFT. A scarce NFT (e.g. Art, Collectible, Virtual Real Estate, In-Game Item, etc.) can now be transformed into a basket holding a number of other tokens. The Principal amount can be time-locked inside the NFT, and through integration with Aave’s aTokens, the programmable yield from these DeFi yield-generating assets is just a few clicks away.

Stay in touch with Charged Particles