LunaFi & SX Team Up To Power Peerless Betting dApps
LunaFi is very excited to be blasting off with the help of the SX Network, ahead of its IDO set for the 8th of June 2022.
The SX Network represents an important expansion for LunaFi, allowing the protocol to scale to thousands of concurrent users across many integrated dApps and services.
As part of our close cooperation and partnership with the SX Network as the premier online betting blockchain, we will be Airdropping $100,000 to SX token holders. To qualify, SportX platform users must have bet at least $100 on SportX.bet by the 1st June 2022.
This represents an alternative betting and gaming governance process that can achieve much fairer results, without sacrificing the core Blockchain principles of decentralization, permissionlessness, and immutability. Rather than voting on proposals, patrons are driven by incentives to participate and bet on.
George Porchester, LunaFi CEO: “The SX Network offers a major opportunity for LunaFi and the Lunabets dApp to scale and establish market share, and we are thrilled to partner with them. As a market leader in the online betting and gaming markets, implementing their layer-two solution for Polygon will help drive LunaFi’s success”
All platforms need governance to be viable and sustainable, allowing them to continue innovating to ensure the trust of the network and its community. “Together we are building a tool for good.”
Through SX Network’s extensive customer base, LunaFi will be able to keep costs down for the end user, while retaining the core benefits of blockchain that drove us here in the first place. This brings a new level of excitement and entertainment to a market that continues on its meteoric rise.
$LFI, the LunaFi protocol, and the Lunabets dApp, represents some of the most innovative initiatives in the online betting and gaming sector. Built to scale betting, DeFi, & NFT applications, LunaFi is working to scale and future-proof the online betting industry.
To celebrate LunaFi’s partnership with SX, both companies have agreed to make $600,000 of $LFI liquidity available in the SharkSwap treasury. This will be added to the LFI-SX trading pair and the LP tokens will be burned to ensure they are locked forever. The pool will be further incentivised with an additional $50,000 of $LFI & $50,000 of $SX awarded to liquidity providers for the first 3 months.
LunaFi is set to launch in Q2 2022, where users will be able to stake $LFI and deposit into the House pools and to earn a yield on platform betting. This will be followed by the public release of Lunabets.io, incentivised with bet mining rewards that remove any house edge, ahead of its IDO scheduled for the 8th of June.
