Equilibrium partners with Republic Crypto, running its first public token distribution
Polkadot cross-chain DeFi app Equilibrium kicks off Phase 1 of the public offering for its native EQ token with help from Republic Crypto Equilibrium, the one-stop decentralized finance (DeFi) platform with a consensus b...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Polkadot cross-chain DeFi app Equilibrium kicks off Phase 1 of the public offering for its native EQ token with help from Republic Crypto
Equilibrium, the one-stop decentralized finance (DeFi) platform with a consensus based governance system that is an integral part of the Polkadot ecosystem, partners with Republic Crypto, a Web3.0 investment firm. Through the partnership, Equilibrium will accelerate the first-ever public offering of its native EQ token.
Phase 1 of the offering is available for everyone as it rolled out on June 28 and will close on the morning of July 9. A limited hard cap of 500,000 USD was set for Phase 1, and all participants are eligible for a special airdrop. Phase 2 is split into two phases: early access and public access. Early access is reserved for an overflow of Phase 1 participants who registered for the Reg D whitelist prior to June 12, while public access is open to all.
Equilibrium’s interoperable money market combines a comprehensive lending platform and a professional-grade cross-chain DEX, allowing for high-leverage borrowing and trading thanks to an innovative financial engineering mechanism on the backend. The platform marries a money market with an orderbook DEX to facilitate an all-encompassing DeFi platform. Republic Crypto is an investment firm supporting the most ambitious builders and investors in the Web3.0 space.
“Our token distribution event with Republic Crypto is a major milestone for Equilibrium and it comes on the heels of our successful money market launch,” says Alex Melikhov, Equilibrium’s CEO. “This is a major step towards solidifying ourselves as the premier DeFi platform in the Polkadot ecosystem and pushing the blockchain space toward a NPoS model.”
DFG is an early investor and strategic partner of Equilibrium. “This is amazing news for the Polkadot ecosystem we have been focusing on since 2020.” James Wo, the founder and CEO of DFG comments. “We are very delighted to witness this breakthrough of Equilibrium. Their native token EQ has a tremendous potential to offer more features and better values to investors. The success of the initial offering on Republic also indicates a brand new chapter for Equilibrium. “
The post Equilibrium partners with Republic Crypto, running its first public token distribution first appeared on CryptoGazette - Cryptocurrency News.Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
Kraken Parent Payward Swaps Its Headline Metric, Reports $487 Million in Q3 Platform Margin
Payward, the privately held parent of Kraken, publishes selected quarterly figures rather than SEC filings, and until now led them...
Vestige to shut down Algorand DeFi platform on December 31, 2026, citing costs
The shutdown highlights the challenges of sustaining DeFi platforms in low-activity ecosystems, urging developers to seek alternat...
Griffin Raises $20M to Bring Stablecoin Payments and Card Issuing to Its Banking Platform
Key Takeaways: Griffin raised $20 million in a Series B round at a valuation exceeding $100 million. The UK’s bank is set to intro...
Why Tokenized Gold’s Explosive Growth Isn’t the Full Story: Xash CEO
Tokenized gold’s booming market cap and trading volumes haven’t translated into decentralized finance adoption. According to Xash...
U.S. Targets $1.2 Billion From Binance Hack—Where Is the Rest?
The Binance hack recovery has reached a significant milestone: U.S. authorities say more than $1.2 billion in stolen cryptocurrenc...
Coinbase outlines three models for tokenized equities and claims the ownership crown
Coinbase's tokenized equities could redefine global investment by merging blockchain with traditional finance, enhancing ownership...