Dubai, United Arab Emirates, 17th July 2023, Chainwire
Delegated Proof-of-Stake Blockchain fifth Signed an agreement with ABO Digital, a private alternative finance group based in the Bahamas and Dubai. The significant partnership involves a $10 million commitment to the French blockchain company. Kalima also released details of the KLX token sale.
Kalima is a rapidly growing ecosystem that allows enterprises, developers and startups to build web3 enterprise and data governance applications, focusing on IoT (Internet of Things) data to solve real world problems.
André Legendre, CEO of Kalima, said: “ABO Digital’s funding commitment marks an important milestone for Kalima, which plans to use these funds to further innovate and refine IoT solutions to revolutionize industries and drive digital transformation.” Partnership with ABO Digital It will enable Kalima to enhance its offering of IoT blockchain solutions for industrial companies and strengthen strategic partnerships within the IoT and blockchain ecosystem.”
“We are excited to continue our partnership with the Kalima team,” said Amine Nedjai, CEO of ABO Digital. “Kalima’s innovative approach and expertise in web3 enterprise applications is a perfect fit with our commitment to drive technological advancements in enterprise blockchain solutions .”
The Kalima team also announced a 24-hour private sale of its KLX tokens on Pinksale. The event is tentatively scheduled for July 19th. KLX is a general-purpose utility token that can be used to pay transaction fees and access blockchain services on the Kalima protocol.
To support the growth of the KLX token, Kalima blockchain governance made several proposals on July 10. These include bridging KLX tokens from Polygon to the Ethereum network and proposing a 24-hour token sale on Pinksale. After the private placement is completed, KLX will be traded on Uniswap and the KLX-ETH currency pair will be established.
The main goal of this private placement is to create a sufficiently deep liquidity pool on Uniswap with a hard cap of 300 ETH. The KLX token is scheduled to be listed on Uniswap on July 21st.
fifth Is a low-consumption layer-1 blockchain for enterprises and the Internet of Things. It provides an interconnected blockchain for decentralization and increased scalability, using popular frameworks for blockchains such as Cosmos and Polkadot. Kalima can be embedded into very small IoT devices and allows AI inference to be performed at the edge of the network using its native smart contracts.
About ABO Digital
ABO Digital is an investment company providing alternative financing solutions to cryptocurrency projects around the world. Part of the Alpha Blue Ocean group, which has executed over $2 billion in financing commitments for public companies since its inception in 2017, ABO Digital brings institutional-grade expertise and flexible financing solutions to global blockchain developers plan.
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