Bittime - NexGami, an innovative Web3 gaming platform, has come a long way since its launch in 2022. Initially, NexGami announced plans to launch an Initial DEX Offering (IDO) for the $NEXG token.
However, due to significant market fluctuations, the launch of the IDO had to be postponed for the sake of token stability and the interests of investors.
What is NexGami?
NexGami is Polygon's Web3-based gaming platform, delivering a fair and competitive gaming experience.
This platform is committed to bridging the gap between traditional games and Web3 based games.
Recently, NexGami announced the postponement of IDO listing due to market volatility. This decision was taken to protect the interests of investors and the community.
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NexGami: $NEXG Token IDO Postpones Amid Market Turmoil
NexGami, a Web3 game publishing platform launched in 2022, has experienced rapid growth.
Initially, they announced the launch of an Initial DEX Offering (IDO) for the $NEXG token. However, due to high market volatility, the IDO launch had to be postponed.
Although this Web3-based gaming ecosystem has completed a funding round, the IDO token launch had to be postponed due to unstable market conditions. Various speculations have emerged regarding this delay.
On May 2, 2024, NexGami announced via their official Twitter account that the funds would be returned to investors.
The announcement comes after the fundraiser managed to raise a total of $1.30 million since launch.
NexGami also mentioned in the tweet that they are in discussions with Enjinstarter regarding the return of funds collected during the GAP Enjinstarter IDO round.
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Main Reasons for Delays
The main purpose of delaying the IDO token launch and its listing is to maintain stability. This decision was taken by the developers to avoid potential disruption to the ecosystem due to possible problems arising in the token launch.
Therefore, the token launch is postponed and followers are advised to stay tuned to the latest developments.
NexGami Token Launch Delay Due to Market Volatility
The launch of the NexGami token has been delayed as the team is aware of the current high market volatility. This is done to protect their new tokens from potential negative impacts caused by unexpected market conditions.
The news of this delay caused confusion among the community, but NexGami immediately clarified that the latest information regarding the token launch can be found on their official channels. The NexGami team urges followers not to be influenced by rumors circulating.
Also read: ZEROLEND Listing on Huobi HTX, here are some important points to pay attention to
$NEXG Token New Announcement Release
Initial registration originally scheduled for May 7-10 was postponed. The new listing schedule cannot be confirmed yet because the market situation is still unstable and difficult to predict.
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Conclusion
NexGami has just announced the continuation of the Initial DEX Offering (IDO) launch process for their $NEXG token.
This launch was delayed due to the unstable market situation. NexGami has addressed the rumors arising out of this delay via a recent tweet.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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