LandX closes private round securing over $5 million in private funding

adminDecember 4, 2023

Dubai, UAE, December 4, 2023, Chainwire

LandX, an agricultural finance protocol, successfully closed a private investment round that exceeded expectations after two years of development. The round raised more than $915,000 from individual investors, bringing total fundraising to more than $5 million. This milestone represents a significant vote of confidence in LandX’s potential to bring real-world assets to the chain.

Public round begins

Accordingly, the project will launch with a public round this week, giving a wider audience the opportunity to secure an allocation of LNDX governance tokens. The public sale will begin on a first-come, first-served basis with a limited supply of 3,000,000 tokens priced at $0.50 USDC.

The LandX community will have priority access starting December 4th, while the remaining tokens will be available to the general public starting December 10th.

public sale: Starts Monday, December 4th

Omega Sale: Monday December 4th
Alpha Sale: Thursday December 7th
Public Sale: Sunday December 10th
Public sale closes: Wednesday, December 13

LNDX listed on multiple exchanges: Thursday, December 14th

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

A new chapter begins

The public round will allow anyone with an Ethereum wallet to allocate capital and invest in LNDX tokens. This move is consistent with LandX’s vision to democratize access to agricultural financial products through blockchain technology.

LandX is the first project to bring agricultural assets and tokenized farmland to the decentralized finance ecosystem. Through its innovative product, known as xTokens, LandX will create an inflation-risked, uncorrelated digital asset that can be traded 24/7 on a decentralized exchange.

The LNDX token is the core of the LandX platform, designed to foster a sustainable and efficient agricultural finance ecosystem. Once staked, token holders can earn a portion of platform fees and participate in governance decisions. Distribution of LNDX after launch is limited, with private sale investors locking up their tokens for 3-12 months and seed investors voluntarily locking up their tokens for 48 months. This, combined with a guaranteed capital deployment of $500,000 in a decentralized exchange liquidity pool, provides a unique opportunity in the fastest growing sector in decentralized finance.

How to Participate

Investors outside the US and other restricted territories interested in the public round can contact the LandX team on Discord, Telegram, or visit the LandX website for more information on how to participate.

“We want to thank our wonderful community for giving us the opportunity to make this vision a reality. With your support, trust and feedback, we will shape the future of agricultural finance.” – LandX Spokesperson

Users can find detailed information about LandX, LNDX tokens and public rounds at https://landx.fi/.

About LandX

To bridge the agricultural financing gap, LandX provides farmers with upfront capital in return for a percentage of their future harvests. Financing is secured through primary agricultural land, providing investors with the potential opportunity to earn sustainable returns based on tangible assets.