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EL SEGUNDO, CA, January 13, 2023 /24-7PressRelease/ -- xToken, a decentralized finance (DeFi) protocol, has launched an on-chain financing platform, named Origination. Origination enables DeFi and NFT projects to easily and securely configure and deploy a variety of capital markets use cases, including customized token offerings and crowdsourcing programs. No technical expertise required. Users can also leverage Origination for a slew of additional financing use cases, including Olympus Pro-style bonding and one-to-many OTC markets. Origination is supported on the Ethereum, Arbitrum, Polygon, and Optimism networks.
Today, projects take on excess cost and risk developing their own custom contracts and front ends to pursue their financing goals. Origination provides the DeFi space with the permissionless, trustless, and seamless financing infrastructure it needs, powered by a sleek user experience and flexible, configurable contract architecture.
"With Origination, projects can tackle complex financial primitives with confidence," states xToken Founder, Michael J. Cohen. "Launching a token program or crowdfunding campaign on Origination takes less than five minutes and requires zero development work or integrations."
Origination brings new capital markets capabilities to xToken's existing suite of investment banking applications, called Terminal. Terminal is designed to provide seamless access to the kinds of fundamental on-chain primitives that all DeFi and NFT projects will need during their lifecycle.
The Origination contracts have been audited by ABDK. xToken has also launched an ImmuneFi Bug Bounty program, giving developers direct access and incentive to review the contract code.
Origination went live on Tuesday, January 10, 2023 with launch partner Galleon DAO's $DBL bonding program. Galleon's mission is to build and maintain best-in-class decentralized, on-chain structured investing products.
About xToken Terminal: xToken Terminal is a permissionless investment bank. We provide seamless access to the kinds of fundamental on-chain primitives that all projects will need during their lifecycle. Instead of allocating weeks or months to dev work building and testing custom solutions, projects using Terminal can deploy a Uniswap V3 liquidity mining program or a complex token offering, for example, in a matter of minutes. Our highly configurable smart contract architecture and deep investment in UX empowers projects big and small with the key on-chain solutions necessary to bootstrap a protocol.
For press or business inquiries, email Growth Lead, Ben Jennings (ben at xtokenterminal.io).
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