Kalima, a delegated proof-of-stake blockchain, has a deal with ABO Digital, a private alternative funding organization with offices in Dubai and the Bahamas. The blockchain startup with a French base will receive a US$10 million investment in this big agreement. Information on Kalima’s KLX token sale has also been made public.
Building web3 enterprise and data governance apps with a focus on IoT (Internet of Things) data to address real-world issues is made possible by Kalima’s rapidly expanding ecosystem.
Kalima CEO André Legendre said: “The funding commitment from ABO Digital marks a significant milestone for Kalima, which plans to utilize the funds to further innovate and refine IoT solutions to revolutionize industries and drive digital transformation. The arrangement with ABO Digital will enable Kalima to enhance its IoT blockchain solutions for industrial companies and bolster strategic partnerships within the IoT and blockchain ecosystem.”
“We are excited to work with the Kalima team going forward,” said Amine Nedjai, CEO of ABO Digital. “Kalima’s innovative approach and expertise in web3 enterprise applications align perfectly with our commitment to driving technological advancements in enterprise blockchain solutions.”
Additionally, the KLX token will be sold privately on Pinksale for 24 hours by the Kalima team. The tentative date for the event is July 19. KLX is a general-purpose utility token that may be used to access blockchain services on the Kalima protocol and pay for transactions.
On July 10, Kalima Blockchain Governance developed a number of ideas to aid in the development of the KLX coin. These include suggesting the 24-hour token sale on Pinksale and connecting the KLX token from Polygon to the Ethereum network. KLX will be made available for trading on Uniswap when the private sale event is over, where a KLX-ETH pair will be created.
To build a suitably deep liquidity pool on Uniswap, the private sale, which will have a hard cap of 300 ETH, is its main goal. On July 21, the KLX coin will be listed on Uniswap.