ShuttleOne Successfully Concludes Token Offering on Instaraise
ShuttleOne’s $SZO token is now officially on Tezos Ecosystem, thanks to enthusiastic community support
We are delighted to announce that our recently concluded $SZO token offering on Instaraise was a grand success. The day-long event on Tezos ecosystem’s first ever decentralized fundraising and incubation platform, Instaraise commanded a huge response with 100% enrollment and participation in the Guaranteed Allocation Round.
The scene was no different in the open for all, first come first serve (FCFS) round that followed.
$SZO Token offering on Instaraise
The native $SZO token offering on Instaraise on December 12, 2021, marks ShuttleOne’s entry to the Tezos ecosystem, enabling developers and the crypto community at large to take advantage of the advanced, self-amending blockchain protocol on our Metachain. With all the whitelisted participants on Instaraise choosing to acquire their entire allocation and then some more during the Guaranteed Allocation Round and FCFS rounds resulted in the sale of over $64,000 worth $SZO tokens.
The response was encouraging, especially during a weekend when much of the crypto market was on a downward trend. It showed us the belief the Tezos and Instaraise communities have in our Metachain multichain aggregator and Plug N Play DeFi solutions as we strive to enable interoperability among blockchains and address the fragmentation issues affecting the entire DeFi industry.
$SZO on ETH/BSC/Tezos
Following the success of our token sale on Instaraise, $SZO is now effectively available on three different blockchain networks viz., Ethereum, Binance Smart Chain and more recently Tezos. All the funds raised through the IDO will be used to provide liquidity on Tezos, enabling more users to acquire $SZO and become part of the ShuttleOne ecosystem. Currently, $SZO can be purchased from the prominent AMMs on all the three networks — UniSwap, PancakeSwap and QuipuSwap.
Presenting Early Profit-Making Opportunities
$SZO is a relatively new token powering a promising ecosystem that can revolutionize DeFi, NFT and open the gates to Multi-Chain verse. The team is currently working on introducing new features with a wide range of applications, which in turn will increase the adoption of $SZO as the mode of value exchange within the ShuttleOne ecosystem. It is also worth noting that projects deployed on the Metachain can use $SZO as the universal token for transaction fees across all supported blockchain protocols.
$SZO is the first multichain token that enables anyone to execute arbitrage trades across different chains with ease. Currently, the varying market dynamics across different AMMs reflect on $SZO prices which ranges from around $0.03 on UniSwap to $0.10 and $0.11 on QuipuSwap and PancakeSwap respectively. This change in prices due to liquidity difference on each blockchain can be leveraged by moving $SZO across chains using the Metachain Bridge to trade on price arbitrage.
Exciting Things in Store
Our efforts to create the next-generation operating system for finance has started to bear fruits. Starting with the multichain ShuttleOne Wallet for handling all your cryptocurrency needs, our non-code single API aggregator of blockchains for DeFi and Web3.0 applications — Metachain is shaping up well. The multichain capabilities in our products will be handled by two-way bridges, and the first of its kind to connect three different protocols is set to be unveiled in the coming days. The smart contract-based bridge will support ETH, BSC and Tezos chains at the beginning, followed by the inclusion of support for other blockchains in the near future.
We will also be launching Shuttleone metachain — an App store for multichain products with ready-to-use developer tools These products can be readily used by developers within their projects. Further, as a community, developers can also build innovative Metachain products and list them on the store.
Keep an eye out for our new announcements.
Connect with us!
Website: https://shuttleone.network/2021/#/home
Twitter: https://twitter.com/shuttle_one
Telegram: https://t.me/shuttleone
Medium: https://medium.com/shuttleone
