TL;DR
Aqualis’ initial token sale to the community with Prime Launch has been completed on Nov 21, 2022.
Aqualis is a DeFi protocol with a suite of features that aims to maximize efficiency through a unique asset multi-utilization algorithm.
The seed launch that took place on Prime Launch started on the 15th of November 10:00am GMT and ended on the 21st of November 10am GMT — lasting a total of 6 days with a total raise of 18,205.79 USD by the allowlisted participants.
We asked Aqualis their reason to use Prime Launch…
“The Prime Launch platform, their team, and tools developed by PrimeDAO have allowed our team to effectively launch the AqualisDAO project token.
The Prime Launch support team and platform have provided Aqualis with a ready-to-go decentralized launch infrastructure, smooth UX, low initial cost/capital requirements, and unparalleled customer support “
The Reason for the Seed Launch
Since the launch of Aqualis in March 2022, the founders fully funded the project’s development. Since then, Aqualis has created a website and frontend for the app, a working AMM and staking module, governance, and an early community and now working on the lending smart contract.
Due to this, the Aqualis team is now more confident than ever about the protocol, thus choosing to launch now. The funds will be used primarily for auditing and marketing once the protocol goes live.
Future Plans of Aqualis
Aqualis plans to go live and launch the public sale in early Q1 2023. Aqualis will maintain and optimize parameters in the existing ecosystem while adding new features to enhance capital efficiency during the next phase of development, before expanding into other sectors of DeFi such as cross-chain integration, NFT integration and GameFi. Please note future features and plans are subject to change.
Further information can be found on their roadmap here.
On Aqualis
The Aqualis DAO is a DeFi protocol with a suite of features that aims to maximize efficiency through our unique asset multi-utilization algorithm.
By dynamically allocating funds throughout the ecosystem, Aqualis can achieve maximum capital utilization and efficiency. This allows Aqualis to offer the lowest fees in DeFi while retaining high depositor rewards without utilizing an inflationary token design.
A diverse team of DOXed experienced industry professionals, entrepreneurs and innovators. For more information, visit our teams page: https://docs.aqualis.io/aqualis-io/meet-the-team
On PrimeDAO
PrimeDAO focuses on researching and developing next-generation coordination tools and solutions for decentralized organizations. PrimeDAO is committed to enabling DAO2DAO innovation through its tools, which can help any DAO launch a token, make a deal, form a joint liquidity pool or venture, and inform DeFi participants on what they’re doing and how they’re doing it.
Get Primed!
We’ve never been more confident that DAO2DAO interactions will drive the future of crypto networks — we think the best way to bring this future into being is to build it.
If that interests you, there’s never been a more exciting point to get involved in Prime and reshape DAO coordination.
If you are a member of a DAO looking to join the networked DAO ecosystem by executing an on-chain agreement with Prime Deals, reach out to us here, or just jump into Prime Deals yourself and start exploring.
If you are committed to enabling DAO 2 DAO innovation and are interested in collaborating with or getting involved in Prime, jump into our Discord now, and let’s get connected!
