We are super excited to announce our official IDO is launching on TrustPad — a decentralized multi-chain IDO platform enabling projects to safely raise capital whilst giving investors confidence in the legitimacy of projects.
The Xion Finance IDO will be launched by Trustpad (7th July, 2021). More details coming soon.
But before we get into the IDO, let us show you what opportunity lies ahead for Xion in a $4.2 trillion dollar e-commerce industry…
The idea of paying for goods and services using cryptocurrency is growing at a phenomenal pace. Already, 35% of Europeans (53% of Turks) said that cryptocurrency is the future of spending online and now with the likes of Home Depot, Starbucks, Tesla, and even eBay accepting crypto as a form of payment. There’s no sign of crypto commerce slowing down anytime soon.
Not to mention eCommerce being at an all-time high because of lockdowns, travel bans and shop closures. This boom is not only happening for the younger generations but older ones as well to keep up with the competition and market.
Cryptocurrency needs a real-world use case to gain mass adoption and e-commerce is a natural fit for this purpose.
The story of the Quarmby brothers all starts in a small garage in Johannesburg, South Africa. Having built multi-million dollar subscription and apparel businesses, they experienced the major e-commerce pain points that stops small business owners right in their tracks.
Starting an online business from scratch is not easy, especially when you’ve got chargebacks from fraudulent customers, high transaction/monthly fees and then intermediaries like PayPal locking up your hard earned sales revenue. There was a gap in the market and we knew how to fill it — Ronan Quarmby(CEO)
Besides being fully immersed in the commerce industry, the brothers were already dabbling in the world of crypto/DeFi to see how they could support micro-economies with a scalable and cost-effective payment solution. They immediately found a direct correlation between the high ETH and e-commerce transaction fees, taking majority of the profits away from the small guys.
With transactions being the life of both e-commerce and blockchain, they decided to build the next generation payment gateway, where merchants, traders and consumers all benefit:
- Accept credit/debit card, Apple Pay & crypto for no monthly fees
- 0% transaction/gas fees(using xDAI, Polygon & BSC)
- No chargebacks or intermediaries handling your funds
- Loyalty programs/rewards to easily enter the crypto ecosystem & retain customers
If Coinbase and Stripe had a web3 baby…. this would be it.
TrustPad has been founded to aid the growth of the blockchain ecosystem in a safe and sustainable way. TrustPad is proudly partnered with BlockSync Ventures, X21 Digital, AU21 capital, exNetwork Capital, Wealth Union, Twin Apex Capital and 4SV.
Amongst the many launchpads, TrustPad is different. A ‘quality not quantity’ approach has been sought by the team to ensure that projects launched through TrustPad have long term, real value. This will provide the TrustPad community with sustainable development, which attracts a larger community of both $TPAD and the projects launched on the platform.