Corra.finance is giving an opportunity to retail investors who want to invest in the DeFi space. The company has announced that it has entered into a partnership with WeStarter to launch its initial DEX offering or IDO.
Corra.finance chooses WeStarter for its IDO
In a recent announcement, Corra said that its initial DEX offering (IDO) is scheduled this May 15, 2021. For the uninitiated, an IDO is when a blockchain project makes a token’s debut on a decentralized exchange (DEx) to raise funding from retail investors.
The company also announced that it has decided to partner with WeStarter for the IDO. WeStarter is a cross-chain token initial swap platform on the Houbi ECO Chain (HECO) network known for its expertise in the area as well as its industry resources.
WeStarter is known for successfully launching projects such as the ChainSwap, AntiMatter, and DoraFactory. Its ChainSwap token sale was also a huge success which was 3,850x oversubscribed.
Monetizing Digital Content
What sets Corra-finance apart from other NFT projects is that it is focused on helping content creators monetized their digital content. While NFT’s became popular lately as a tool for monetizing digital art, Corra wants to give everyone the opportunity to earn money from the posts on Facebook, Instagram, Twitter, and other social media platforms.
When creating an NFT for their digital content, there are four categories available on the Corra platform. These are DeFi, digital content, social media, and nonprofits. The best part is that users can create their NFT products without paying any fee. The platform will only charge a fee when users successfully sell their creations.
The company announced that Corra 1.0 will go live on May 13, 2 days before the scheduled IDO. It will then be able to support deposits and withdrawals for CORA, the platform’s native token which can be used to upvote a user’s NFT. By upvoting an NFT, it will make the product more visible on the platform, boosting its chances of being seen by potential buyers.
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