The hottest news on Infinite Launch (30/05/2022 - 05/06/2022)
WalkN App, Nitrox Racing will be the next IDO on Infinite Launch, ILA token was continuously burned with monthly schedule …. are the most prominent highlights news. Let's take a closer look at these achievements.
WalkN App - A solid platform that brings people, fitness and crypto together
WalkN App is a Move2Earn project connecting the blockchain world with real world sports events. Walk, jog or run with WalkN app and earn while you get stronger EVERYDAY!
WalkN exists with only one mission - To bring people, fitness and crypto together by building a solid platform that rewards people to take care of their fitness.
By offering unique in-app features, connecting physical and virtual players and creating a healthy competition among users, WalkN is going to take the M2E to the next level.
IDO Date on Infinite Launch: June 13th 2022
Nitrox Racing - A New Era of NFT Racing Game
Nitrox Racing is an AAA quality NFT Racing game, powered by Binance Smart Chain & Polygon network. $NOS is a BEP20 Token built on the Binance Smart Chain network. Crew at Nitrox Racing is commited to bring a metaverse racing game to let the players not only have fun of racing but to earn as well. With VR support, Nitrox Racing is dedicated to bring that metaverse world of racing experience to all the Nitroxers in the World of Nitrox Racing metaverse.
IDO Date on Infinite Launch: TBU
ILA token was continuously burned in May 2022
Infinite Launch is one of the unique LaunchPads with the burning system making $ILA stronger. It is the process in which $ILA token is removed from circulation. The tokens are sent to a wallet address that cannot be used for transactions other than receiving the coins. This means that no one can buy, sell, stake, or do anything else with the burned coin. The end location of the burned coin is called a burn or eater address, and the private keys are inaccessible, meaning the burned coins can no longer be acquired by anyone. Burning a coin is irreversible, and therefore permanent.
$ILA tokens promise to have a chance to increase value in long-term because of token deflationary function, with 1% burn fee in every transaction and 2% fee transfer to ILA reward pool, surging token value in the future.
Now, over 564.717 $ILA have been burned with the new max supply is 994,627,184 $ILA. You can check Burn TX here:
https://bscscan.com/tx/0xf8cdab187ae6398dd33ff5408dfc37b4693cf0e1e1a56eefbb06785a8f8d45e0
IDO Refund Policy
Infinite Launch has come up with Refund Policy for IDOs on our platform. These refund terms shall become effective and shall apply for all IDOs from June 9th, 2022. WalkN App & Nitrox Racing projects will be the next IDOs on Infinite Launch.
Terms and Conditions of Refund:
Refund policy shall apply if one or more events below happen:
- IDO of the project poses a safety or security risk to users or the platform of Infinite Launch.
- Any information provided by the project is incomplete, invalid, misleading, or untrue;
- The token smart contract is reported to have errors that potentially affects the token minting & distribution process.
- The token experiences selling pressure before the TGE.
- In 48 hours after the TGE/token listing event, if the tokens price drops to equal or lower than that in the IDO.
- Other events that indicate any potential risk to Infinite Launch’s IDO investors.
IDO Refund Mechanism:
Infinite Launch will refund 90% of valid token collected from users. Refund processing timeline: 2–3 weeks from the date of official announcement for refund from Infinite Launch.
Infinite Launch will be responsible for an official announcement for a refund to all users/investors. Next, Infinite Launch will collect all valid tokens within 5–7 days and start to airdrop the refund directly to users wallet.
About Infinite Launch: Infinite Launch is a multi-chain launchpad for hand-picked DeFi & NFT projects, with the first-ever mechanism where investors can lock away their tokens for guaranteed IDO allocations. Its mission is to create a decentralized and convenient platform for unique crypto projects to acquire the funding they deserve. Through implementing its innovative allocation system, Infinite Launch established itself as one of the leading Launchpads.
Find more information about Infinite Launch at:
- Website: https://infinitelaunch.io/
- Medium: https://infinitelaunch.medium.com/
- Twitter: https://twitter.com/InfiniteLaunch
- Telegram Official Channel: https://t.me/InfiniteLaunchNews
- Whitepaper: https://infinitelaunch.io/InfiniteLaunch-Whitepaper.pdf