Hear Ye! Hear Ye! Royale Announces IDO on Polkastarter
Tags: Defi, Igaming, Polkastarter, Blockchain, Token Sale

Hear Ye! Hear Ye! Royale Announces IDO on Polkastarter

Lords and ladies, it is the moment you have all been waiting for! Our coronation. We at Royale, the iGaming DeFi disruptor, are delighted to announce our initial public DEX debut on Polkastarter, the innovative cross-chain decentralised exchange enabling projects to raise capital. We are extremely proud to announce that Royale was selected as one of the 3 lucky projects, including SpiderDAO and MahaDAO, to exclusively inaugurate the beautiful Polkastarter platform this week.

For you, dear reader, it is the opportunity to be first in line to the iGDeFi throne. Take your rightful place in the hallowed ranks of Royale nobility!

Royale, the first mover in the iGDeFi industry, will be the third of three projects to launch their initial DEX offering (IDO) on Polkastarter, a rising DeFi star and now truly a project kingmaker. Although the platform will be operating on Ethereum for the next few months, the end goal for the Polkastarter protocol is to enable cross-chain token sales and swaps by deploying its EVM smart contracts on the Polkadot blockchain via Moonbeam.

This relationship makes Polkastarter the perfect environment for Royale to realise its regal ambitions. Our aim is to provide the opportunity for iGaming entrepreneurs to realise their ambitions, using whatever blockchain or methodology they please, by granting access to Royale's deep liquidity pool. The makings of our iGDeFi future is happening now!

IDO Details on Polkastarter

If you would like to join the iGDeFi aristocracy, there are a few important points to note before you can secure your Royale estate:

This public round will open on Monday, December 21st.

A total of 2.5 million $ROYA tokens will be offered.

will be offered. The price per $ROYA token in this public round is $0.12/ROYA .

. The only crypto that will be accepted is Ethereum (ETH).

The ETH peg will be set a few days before the actual listing to allow community members to prepare.

Royale is raising US$300,000 denominated in ETH, out of which $100k will exclusively be made available to $POLS token holders. We would like to express our gratitude to Polkastarter for graciously agreeing to feature us in the first week of their MVP debut. Likewise, we are excited to welcome the 12,000-strong $POLS Army to become a part of our Royale community of Kings and Queens.

Join us on our quest to combine DeFi and iGaming to make a powerful new lucrative force in the fast-growing online betting industry. With you, we will build tools that create the best experiences for DeFi protocol users, gamers and iGaming entrepreneurs that capture value from an established sector set to top $150 billion within this decade.

“We have selected Royale as one of the first 3 projects to use the Polkastarter platform as they are the first mover to apply DeFi liquidity principles to a fast-growing segment outside of the crypto industry. In Polkastarter’s quest to build the cross-chain DEX of the future, we admire Royale’s vision for expanding crypto adoption, which is something we are also striving for with the Polkastarter platform.“ — Daniel Stockhaus, Polkastarter co-founder

For those just now hearing about Royale and its quest to transform the iGaming industry with DeFi-powered liquidity, you may want to check out our pitch deck. A summary of our previous funding rounds can be found there as well.

Seed and Private $ROYA Placement information

The Initial Market Cap on listing for $ROYA will be ~$1M USD.

Seed round: Raised $350k at a seed sale price of $0.045 per token at a fully diluted market cap of US$3.24M with a vesting schedule of 20% unlocked at TGE and 26.66% per quarter fully unlocked after nine months.

Private one (P1) round: Raised $400k at a price of $0.07 per token at a fully diluted market cap of US$5M with a vesting schedule of 40% unlocked at TGE and 30% unlocked per quarter, fully unlocked after six months.

Private two (P2) round: Raised $400k at a price of $0.09 per token at a fully diluted market cap of US$5M with a vesting schedule of 50% unlocked at TGE and 25% unlocked per quarter, fully unlocked after six months.

“We have selected Polkastarter for our IDO as the protocol represents real innovation in an important DeFi niche. That’s what we feel Royale is, too. Fixed swap cross-chain liquidity pools like those offered by Polkastarter will be an important base-layer protocol in the DeFi-powered future. We admire Daniel’s vision for building a beautiful cross-chain DEX for that future.“ — Matt Armstrong, Royale co-founder

Stay tuned to our public channels below to find out all the juicy details as we get closer to December 21!

About Polkastarter

Polkastarter is a permissionless DEX built for cross-chain token pools and auctions, enabling projects to raise capital on a decentralized and interoperable environment based on Polkadot.

With Polkastarter, decentralized projects will be able to raise and exchange capital cheap and fast. Users will be able to participate in a secure and compliant environment and to use assets that go way beyond the current ERC20 standard.

About Royale Finance

Royale Finance is an industry-focused decentralised lending protocol. Its purpose is to create Web 3.0 smart-backed funding solutions using DeFi primitives in order to support the innovation of iGaming products and platforms. This combination of iGaming returns, uncorrelated to DeFi cryptoassets but powered by base layer DeFi protocols, we call iGDeFi.

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