Following the launch of ApeTools back in May, DeFi-specific launchpad, DeFiDrop, is back with another upcoming token sale.
The project recently noted that its community can expect a new announcement, although it did not specify the project.
That information was just announced this Tuesday, June 15th, when it revealed that it will help launch Simlancer.
After recently hinting that a new token launch is coming, DeFiDrop just revealed the name of the project that will launch on its platform — Simlancer.
DeFiDrop is a decentralized finance project that has two major goals — to help streamline the raising process for the new DeFi process and to ensure quality minimum guaranteed allocations. Essentially, it wants to help new projects launch by exposing them to its own existing community, while also marketing the project and trying to attract new investors who might be interested.
So far, it has already helped several projects launch with very promising results, the latest of which was ApeTools, which launched back in the second half of May. Last week, DeFiDrop said that a new launch will be announced this Tuesday, June 15th, and it delivered on that promise by revealing that it will launch Simlancer in days to come.
What do you need to know about this token launch?
The presale took place on June 21st at 12:00 UTC. There were be 420 million SIM tokens offered, and users were be able to acquire them in exchange for Binance Coin (BNB). Each SIM token is worth 0.00000142857 BNB. In other words, 1 BNB is equal to 700,000 SIM. So, the hard cap will be 600 BNB.
The final snapshot for whitelisted allocations took place on June 19th, at 19:00 UTC. Any unsold tokens will be carried over to the public round. Meanwhile, SIM will be listed within 48 hours following the end of the presale.
What is Simlancer?
Simlancer is a fully decentralized, KYC-less freelance platform. Essentially, it is a project that allows freelancers to connect with their clients, and it provides them with secure and instant transactions based on smart contracts. The project aims to become the future of freelancing via blockchain by offering fast, cheap, and easy payments, anonymity, but also security.
So far, it is one of the simplest and most user-friendly platforms of this kind. Following its presale, which is its last goal for Q2 of this year, it will start Q3 with the listings, partnerships, and client onboarding. Around Q4, it plans to introduce a payment gateway and implement it, hire more staff, and start the next year by adding ADA and ETH support, alongside other new partnerships.
Like many other DeFi protocols, its team chooses to remain anonymous, likely so that their project will be judged by its own worth and quality, rather than the names behind it. But, since DeFiDrop has decided to support it, its community is ensured that the project can, in fact, be trusted and that it is a safe investment.
As mentioned earlier, the token’s name is Simlancer (SIM), and it has a max supply of 1 billion units.