NeoFi Enables its Users to Build Diversified Long-term Portfolio – IDO on BSCPAD!

Bob Coiney

March 11, 2022

Founded in 2021, NeoFi was started to introduce traditional investors towards passive investments in the cryptocurrency markets, having a seamless structure where it is designed to be simple for instant Cryptocurrency purchase without going through multiple hurdles.NeoFi aims to bring the next billion people into the crypto space by making it easier for users to understand and enter the crypto industry.

NeoFi’s aim is to bring the next billion people into the world of crypto by making it easier for the average person to understand and grow with the crypto market

What Is an Initial DEX Offering (IDO) and Why Do We Need Them?

An initial DEX offering, or IDO, is a new and exciting type of decentralized and permissionless crowdfunding platform, which is opening up a new way of fundraising in the crypto space. 

If a project is launching an IDO (Initial DEX Offering), it means the project is launching a coin or token via a decentralized liquidity exchange. This is a type of crypto asset exchange that depends on liquidity pools where traders can swap tokens, including crypto coins and stablecoins. For instance, USDT/ETH is a liquidity pair.

The NeoFi Ecosystem

Building a more robust structure, NeoFi has recently launched a new structure that enables users to build a diversified long-term portfolio of digital assets in a single click, being designed in a way to give one instant access to pre-built portfolios modeled after some of the most popular crypto indexes, hedge funds, and trends. As seen in other user-friendly ecosystems and the many outstanding features it offers, with NeoFi, users can also compound their crypto assets by earning a high yield from the unused crypto assets.

To keep its broad user base abreast, NeoFi has set its IDO (Initial DEX Offering) date to hold on the 22nd of March, 2022 with an Initial Market Cap of $366k. Furthermore, the launch will be taking place on BSCPAD which is the world’s leading launchpad and the first decentralized IDO platform for the Binance Smart Chain Network with an aim to empower cryptocurrency projects with the ability to distribute tokens and raise liquidity.

The NeoFi Token

$NEOFI is the native token of the NeoFi ecosystem and powers the project by offering a variety of utilities within the ecosystem. The token is used for community voting, fees, discounts, and platform benefits. Moreover, a portion of quarterly profits earned on the platform will be used to buy back $NEOFI and Burn. 

This deflationary nature of the NeoFi token will help the investors by ensuring a constant price rise and better ROI as the project grows. Here are the token details.

Symbol: $NEOFI

Total Supply: 350 Million

Initial Market Cap: $455,464


Learn more about the project at https://neofi.app/.