Are you scared of buying the dips? That’s ok, even I am because no one knows what the bottom is in the current state. But don’t worry that’s not the only way to make big gains.
Whether it’s a bull market or a bear market – IEOs IDOs open gateways for us to make some big gains. Look at Sandbox IEO. Its all-time high ROI was 1000X and even in the current market, it is at 40X ROI. But, are there any IDOs happening at the moment? The answer is Yes and that too in the Blockchain gaming space. Is it a high-potential IDO? Let’s find out about this crypto.
What is xRaise?
For some who might not know, xRaise is a smart contracts wallet designed for Web3 gaming. They tackle the problem of managing your digital assets as a gamer or crypto user. They are making crypto payment procedures super easy.
Imagine having your portfolio in one place. No more needing to juggle between different wallets. You have everything organized and within your reach. That’s what xRaise is building. xRaise uses a feature known as Account Abstraction. We’ve talked about it a couple of times. But Account Abstraction is like customizing a smart contract account to make it easier to do things on the blockchain.
Source: X
You can change stuff like how users pay fees. And how transactions get approved. The idea is for smart contracts to exclusively hold assets rather than be controlled by externally owned accounts. So xRaise uses this feature to help you manage your accounts. Some of the account abstraction features it supports include:
- Transaction Batching.
- Session Keys.
- Paymasters.
- Social Recovery.
- Subscriptions.
Gamers will find this useful. They can easily create wallets. And sign in directly from a game website in less than ten seconds.
Source: X
There are lots of advantages to using the xRaise wallet:
- You don’t have to worry about seed phrases.
- It allows you to approve and manage your subscriptions in cryptocurrencies.
- You control who has access to your account.
- xRaise does not require ETH to pay fees or gas.
- xRaise supports fast transactions at a low cost.
- You can set who inherits your crypto assets.
- Supports social recovery.
IDO details
Here are the details for the IDO:
- Date:
From June 26, 2024, at 2:00 PM UTC to June 29, 2024, at 2:00 PM UTC.
Chain: zkSync Era.
- Where is it happening?
- https://xraise.io/raise/ido
- https://trustpad.io/
The accepted payments for this IDO are USDT, USDC, and ETH. However, Trustpad users have to stake or farm $TPAD tokens to access the xRaise IDO. The Trustpad team will also announce more requirements. So, visit their X to monitor that.
Source: X
- Back to the IDO details:
Price: $0.015 per $RAISE.
Allocation: 80,000,000 $RAISE. This makes up 8% of total supply.
Total max supply: 1 000,000,000 $RAISE.
Hardcap: ~350 ETH or (1.2m in USDC/USDT).
Vesting: none, 100% unlocked.
Listing: The liquidity pool will go live on Syncswap on July 1, 2024.
US and North Korean residents are NOT allowed to participate in this IDO. So, make sure your jurisdiction isn’t sanctioned. Other than that, anyone can participate.
- The RAISE token
The RAISE token is a utility token. That means it plays a huge role in this project. Some of its use cases include:
- To pay for transactions alongside other tokens like USDC and USDT.
- Access to advanced project features.
- To pay for subscription trials.
- Provide fee subsidy for holders.
- Governance.
Let’s look at their tokenomics.
What’s Next?
The xRaise team has a detailed plan of what’s coming next after their IDO. Here are some of their post-TGE plans:
- The team plans to launch their xRaise Web App.
- Introduce xRaise Plug-in SDK for Unity Engine.
- Launch Admin Page for Sessions.
- Implement xRaise Wallet EIP4337 and Multi-Chain Support.
- Bridge to Layer 1 (L1).
- Bridge Integration via Layer Zero.
- incorporate Enhanced Third-Party Protocols/Features.
- Strengthen Security Measures.
Source: X
We like that xRaise has a clear vision for what’s next. There’s been a lot of community growth on the project. xRaise recently saw a 100% growth in wallet downloads. They’ve also been a lot of community-building activities. xRaise recently held its first-ever giveaway. The team gave out about 50,000 RAISE tokens in prize gifts.
That’s it for today. Keep your eyes on their X, and Telegram for more updates.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
