Zenchain Protocol IDO on PolkaBridge: SOLD OUT in about 1 minutes

PolkaBridge is delighted to announce that the second IDO on the Launchpad — the Zenchain protocol completely sold out in a minute, after the fundraising event was arranged on May 18 and 500 participants were white-listed having 3000 PBR tokens in their wallet. The target goals were achieved in the private pool and we are in the process of distributing the tokens to the successful participants. We consider this another validation of our ability to assist in bootstrapping and providing early

Zenchain was offered at $0.3 per ZEN token, at a hardcap of $60,000. The maximum an account was allowed to contribute was $400, raised after seeing the demand for the last IDO. The IDO secured 17.647 ETH (~$60,000) for the project. We will distribute the token on 24th May 09 PM UTC and DEX listing will take place on 24th May 10 PM UTC.

Please note that it is not necessary to hold 3000 PBR tokens in your wallets for IDO whitelisting qualification. Further, the address must still be whitelisted through event forms or any other criteria mentioned thereof. The PolkaBridge will introduce the public pools also in the future, so other users can take part in the launchpad event, being exempt from the above mentioned criteria, but with certain limitations.

About Zenchain Protocol

Zenchain Protocol is a dedicated smart contracts blockchain with Ethereum Virtual Machine (EVM) compatibility, designed specifically for DeFi and NFTs. It’s based on the Proof of Stake consensus algorithm, utilizing the Cosmos SDK and the Tendermint Core. It will support cross-chain activity through it’s bridges between different blockchains.