LandX closes private round, secures over $5m in private funding

Dubai, UAE, Dec. 4, 2023, Chainwire

After two years in development, LandX, the agricultural finance protocol, concluded its private investment round. 

The round garnered over $915,000 from private investors, bringing the total raised to over $5 million.

This milestone signifies a substantial vote of confidence in LandX’s potential to tokenize real-world assets.

Public round starts

The project is scheduled to go live this week with its public round, providing a broader audience with the chance to acquire an allocation of the LNDX governance token. 

The public sale operates on a first-come, first-served basis, featuring a limited supply of 3,000,000 LNDX priced at 0.50 USDC. 

Priority access will be granted to the LandX community starting from Dec. 4, and any remaining tokens will be made available to the general public from Dec. 10.

Public sale: Starts Monday, Dec. 4

• Omega Sale: Monday, Dec. 4
•  Alpha Sale: Thursday, Dec. 7
•  Public Sale: Sunday, Dec. 10
•  Public Sale Closing: Wednesday, Dec. 13

LNDX listing on multiple exchanges: Thursday, Dec. 14

Platform official launch: On Friday, Dec. 15, users will experience the full potential of LandX’s innovative agricultural finance platform

A new chapter begins

The public round allows anyone with an Ethereum wallet to invest in LNDX, aligning with LandX’s goal of making agricultural financial products accessible through blockchain technology. 

LandX pioneers the integration of agricultural commodity assets and tokenized farmland into the decentralized finance ecosystem. 

Using xTokens, LandX creates inflation-hedged, uncorrelated digital assets that are tradable 24/7 on decentralized exchanges.

The core of the LandX platform is LNDX, which helps foster a sustainable and efficient agricultural finance ecosystem. Token holders, when staked, earn a share of platform fees and participate in governance decisions. 

LNDX has a limited distribution post-launch, with private sale investors locking tokens for 3-12 months and seed investors voluntarily locking tokens for 48 months. 

Combined with the $500,000 guaranteed capital deployment in decentralized exchange liquidity pools, this offers a distinctive opportunity in the rapidly growing decentralized finance sector.

How to participate

Investors outside the U.S. and other restricted regions interested in the public round can connect with the LandX team on Discord, Telegram or visit the LandX website for more information on how to participate.

A LandX spokesperson said:

“We would like to thank our amazing community for allowing us to bring this vision to life. With your support, trust, and feedback, we will shape the future of agricultural finance.”

Users can find more information about LandX, the LNDX token, and the public round at https://landx.fi/

About LandX

LandX bridges the agricultural financing gap by offering upfront capital to farmers in exchange for a share of their upcoming harvests. The underlying farmland secures the funding, providing investors with the potential to earn a sustainable yield supported by tangible assets.

Contact

Press relations

LandX Finance

[email protected]