The innovative move-to-earn project from PyramidWalk will be getting ready for a launch at BSC Station. Slated for June, BSC Station will roll out this project with an Initial DEX Offering (IDO) of 20,833,33 PYRA tokens. The launchpad will also offer its assistance to the project to jump-start the business for its products.
The BSC Launchpad is native to the Binane Smart Chain ecosystem. The newly developed projects are eyeing this BSCS thanks to the increased investor activity on the platform. The launchpad operates with a vision of empowering investors and assisting emerging projects by providing a seamless bridge for their relationships.
The recent efforts from the BSC Station Launchpad have brought the users a new fitness project called the PyramidWalk. This app combines the aspects of web3 with lifestyle, social networking, NFTs, and GameFi to make your walks exciting. Users of PyramidWalk can earn PYRA tokens for doing their outdoor workouts equipped with NFT sneakers on the app.
PyramidWalk is set to exploit the demand for move-to-earn in the digital sphere. Although the number of projects incorporating this has increased exponentially in recent times, there is still a shortage of apps for combining these advantages with real-world products. The Pyramid Walk project intends to explore the possibilities of this area in real-world business and has already developed a beta version of its app for this purpose.
The project will have its IDO on the BSC Station launched on June 9. The native PyramidWalk tokens will launch with the ticker symbol PYRA and have a total supply of 1,000,000,000. The price for the tokens is fixed at $0.012.
BSC Station announced that 20,833,333 of the total PYRA supply would be allocated exclusively for BSCS token holders. However, there will be no discount on the token price for them. Users need to stake at least 15,000 BSCS to avail of this offer, and they will receive pool weights based on their holdings. Moreover, the staking snapshots need to be sent at least 24 hours before the launch to participate in this exclusive IDO.
There will also be a community round that is open for everyone with the minimum staking requirement on BSC Station. However, the community around members will additionally have to show proof of their social media engagement to get the IDO. Users with NFT in Genesis will also receive extra weightage in their pools.
Launchpads and IDO are initiatives by blockchain networks to bring support to potential projects in DeFi. The platforms not only help launch new and innovative projects but also provide the necessary tools and support needed for the projects to succeed. And it becomes clear that, among the currently available launchpad options, BSC Station seems to have won the favor of up-and-coming crypto projects.