Kalima, a delegated proof-of-stake blockchain, has secured a significant investment from ABO Digital, a private alternative funding group based in the Bahamas and Dubai.
Kalima Secures Major Investment and Announces Token Sale
The partnership involves a commitment of US$10 million into Kalima, a French-based blockchain company. Alongside this investment, Kalima has announced the details of its KLX token sale.
The Kalima Ecosystem and Its Goals
Kalima is a rapidly expanding ecosystem that enables businesses, developers, and startups to construct web3 enterprise and data governance applications. The platform focuses on IoT (Internet of Things) data to address real-world problems.
The funding from ABO Digital will be utilized to further innovate and refine IoT solutions, revolutionizing industries and driving digital transformation.
The KLX Token and Its Private Sale
Kalima has also announced a 24-hour private sale of its KLX token on Pinksale, provisionally set for July 19. The KLX token, a general-purpose utility token, can be used to pay for transactions and access blockchain services on the Kalima protocol.
After the private sale event, KLX will be available for trading on Uniswap, where a KLX-ETH pair will be established.
About Kalima and ABO Digital
Kalima is a low-consumption layer one blockchain for enterprises and IoT. It provides an interconnected blockchain for achieving decentralization and increasing scalability. ABO Digital, part of the Alpha Blue Ocean group, is an investment firm providing alternative financing solutions to cryptocurrency projects worldwide.
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