RWA

1. Project introduction

In a move poised to reshape the Decentralized Finance (DeFi) landscape, Xend Finance announces a significant evolution in its core value proposition. Building upon its established reputation as a pioneer in the DeFi space from Africa, Xend Finance sets to position itself as the premier Real-World Asset (RWA) aggregator powered by DeFi.

2. Team introduction

CEO: Ugochukwu Aronu

https://www.linkedin.com/in/ugochukwu-aronu-4477a59b/

COO: Emmanuel Okoro

https://www.linkedin.com/in/emmanuel-okoro-9163b480/

CTO: Chima Abafor

https://www.linkedin.com/in/chima-abafor-56801a90/

3. Investment institution

Seed $1.5m in Nov 2020: Binance Labs, AU21 Capital, JUN Capital, Sandeep Nailwal, Ampifi VC

Seed plous: $0.5m in Feb 2021: NGC Ventures, HashKey Capital

In 2019, the startup based in Enugu, Nigeria took part in the Google Launchpad Africa accelerator and the Binance Incubation Programme. It has since secured $2.2 million from Binance, Google Launchpad, NGC Ventures, Hashkey and AU21 Capital, among others.

4. Token distribution

Foundation: 18.2%

Team: 14%

Staking: 14%

Strategic Round: 11.1%

Strategic Round 2: 0.67%

Public Sale: 0.67%

Seed: 10%

Pre-seed: 10%

Ecosystem: 10%

Developer & Community: 8%

Private Sale: 3.38%