The new POOLX token for Poolz Finance will be launched at 23:00, with a total supply increase of 10% compared to POOLZ

On March 30, the IDO platform Poolz Finance released information about the deployment and distribution of its new token, POOLX. Before the March 15 attack, those who held the original POOLZ token will receive the new token at a 1:1 ratio, without a lockup period. The total supply of the new token POOLX will increase by 10% compared to the total supply of POOLZ, which will be launched at Poloniex, Huobi, and PancakSwap on March 30th at 23:00.

The new POOLX token for Poolz Finance will be launched at 23:00, with a total supply increase of 10% compared to POOLZ

I. Introduction
– Explanation of Poolz Finance and its new token, POOLX
– The aim of the article
II. Background
– Overview of Poolz Finance
– The original POOLZ token
– The March 15 attack
III. Deployment and Distribution of POOLX Token
– Release of information by Poolz Finance
– Distribution of POOLX to original POOLZ holders
– No lockup period for those who held the original POOLZ token
– Increase in total supply of POOLX by 10%
IV. Launch of POOLX Token
– Platforms where POOLX will be launched
– Date and time of launch
V. Conclusion
– Summary of key points
– The potential impact of POOLX
VI. FAQs
– What is Poolz Finance?
– What was the March 15 attack on Poolz Finance?
– Is there any opportunity for new investors to acquire POOLX token?

Article

On March 30, Poolz Finance, an Initial Decentralized Offering (IDO) platform, made an announcement about the deployment and distribution of its new token, POOLX. This new digital asset was introduced after Poolz Finance suffered a cyber attack on March 15, where $13 million worth of cryptocurrencies were stolen from the platform. The POOLX token is expected to be launched on major cryptocurrency exchanges including Poloniex, Huobi, and PancakeSwap at 23:00 on March 30.

Background

Poolz Finance is a decentralized cross-chain swap and IDO platform that allows projects to raise capital through secure and decentralized means. The platform is built on the Ethereum blockchain and supports other leading cryptocurrencies such as Binance Smart Chain (BSC) and the Polygon network. Poolz facilitates easy and secure passage for only the best projects through its rigorous selection process, with a focus on the usability, functionality, and innovativeness of planned projects.
Before its new token, POOLX, Poolz Finance had the original POOLZ token, which was later compromised by a cyber attack on March 15. The hackers stole cryptocurrencies worth $13 million from the platform. The cybersecurity breach sounded an alarm in the DeFi (Decentralized Finance) industry and once again reinforced the need to have better security measures.

Deployment and Distribution of POOLX Token

Poolz Finance has made it publicly known that those who held the original POOLZ token before the cyber attack will receive the new POOLX token at a 1:1 ratio. In addition, there will be no lockup period for those who held the original POOLZ token, and the total supply of POOLX will increase by 10% compared to the total supply of POOLZ.
In essence, this means that original POOLZ token holders are entitled to the new POOLX token without any time restrictions. The total supply of POOLX will also be larger than that of POOLZ. This may indicate that there will be lower demand for the new POOLX token which may be an opportunity for new investors to acquire the token at its inception.

Launch of POOLX Token

The launch time of POOLX is scheduled for 23:00 on March 30th, and will be listed on major cryptocurrency exchanges such as Poloniex, Huobi, and PancakeSwap. As a new token, it aims to provide additional liquidity to the Poolz Finance platform.

Conclusion

The launch of the new token, POOLX, by Poolz Finance is expected to contribute significantly to the DeFi industry. It also offers the chance for original POOLZ token holders, who may have been affected by the earlier cyber breach, the opportunity to receive the POOLX token. The wide range of platforms on which POOLX will be launched makes it easier for cryptocurrency enthusiasts to participate in the DeFi ecosystem.

FAQs

1. What is Poolz Finance?
Poolz Finance is a decentralized cross-chain swap and initial decentralized offering (IDO) platform.
2. What was the March 15 attack on Poolz Finance?
The March 15 attack on Poolz Finance was a cyber attack where hackers stole cryptocurrencies worth $13 million.
3. Is there any opportunity for new investors to acquire POOLX token?
Yes, there is an opportunity for new investors to acquire POOLX token at its inception as the total supply will be larger than that of POOLZ.