XDEFI Wallet raises $19.5M in IDO on MISO

XDEFI, the fastest wallet for DeFi and NFTs, closed IDO funding in the amount of $19.45 million across an auction and crowd sale hosted on Sushi’s MISO launchpad, Invezz learned from a press release.

A liquidity pool will be hosted on Sushi (SUSHI/USD) with a $XDEFI/$WETH trading pair and incentivized via the Sushi Onsen program, which aims to reduce slippage and bring new liquidity to Sushi.

XDEFI raised 8.2M USDC during crowd sale

XDEFI Wallet raised 8,227,931 USDC during the crowd sale of 12,658,355 XDEFI tokens at $0.65 each. More than 10,000 people took part in this sale. Then, the leftover tokens were transferred to a Dutch auction and sold for $4 - $0.65 per token depending on bids. XDEFI raised over 11,221,801 USDC during the auction, in which 427 people took part.

XDEFI Wallet CEO Émile Dubié said:

XDEFI token to power wallet ecosystem

The ERC-20 XDEFI token, which was designed by Delphi Digital, will help fund emerging DeFi and NFT projects and power the broader XDEFI Wallet ecosystem. Holders will receive swap fee rebates, take part in governance, stake their tokens, and claim staking rewards. $1 million from the IDO will be used to finance development growth of xchain.js, an open source library.

Failsafe transactions  

XDEFI Wallet was created with speed in mind, achieved through features like the Blocknative-powered Ape Mode, which guarantees transactions get into the next block 99% of the time. It offers native integrations on Terra (LUNA/USD), THORChain (RUNE/USD), Ethereum (ETH/USD), and a few EVM networks.

It also provides automatic NFT detection, a Buy Crypto function, and a customizable drag-and-drop display grid.