Kattana concludes IDO for KTN on Polkastarter, token listed on Uniswap
Kattana, a mission growing a buying and selling terminal that helps each centralized and decentralized cryptocurency buying and selling platforms, has efficiently concluded its Preliminary DEX Providing (IDO) on the Polkastarter platform.
Within the sale, the Kattana mission raised $200,000 price of crypto belongings by promoting 2% of the full KTN provide at a worth of $1 per token. The KTN allocation for the IDO was break up evenly between two swimming pools, one the place members may buy the tokens with ETH and one other that was completely out there for holders of Polkastarter’s POLS tokens.
The sale was open to whitelisted customers who needed to full KYC earlier than being allowed to take part within the sale. Every particular person participant may buy as much as $400 price of KTN.
Following the IDO, the KTN token is now out there to the general public by way of an inventory on in style automated market maker (AMM) Uniswap.
Previous to the IDO, the Kattana workforce raised $1.3 million in a personal funding spherical led by Morningstar Ventures and Spark Digital Capital. Not too long ago, the mission additionally announced an integration with DeXe Community, a social buying and selling ecosystem designed for DeFi customers.
Kattana is constructing a buying and selling terminal that permits customers to commerce on DEXes in addition to CEXes. The Kattana platform options scalable charts, entry to completely different order varieties, an easy person expertise, a cryptocurrency information aggregator, and instruments that can permit merchants to simply analyze their efficiency. The mission has its roots in growing buying and selling instruments to be used in centralized exchanges, however is now additionally centered to bringing professional-grade instruments to the DeFi market as properly.
Whereas the Kattana platform will likely be accessible via a free plan, holding the KTN token is required to entry premium options. Customers who wish to subscribe to a premium plan can determine between making month-to-month funds with KTN tokens, or holding an quantity of KTN that’s required to entry every tier.
In response to its roadmap, the Kattana mission plans to launch a DEX buying and selling widget in addition to restrict order performance for DEXes earlier than the top of the yr.