The Spherium Finance Triple IDO Reveal

3 min readMay 13, 2021

We are excited to announce that we will be launching the SPHRI token on three popular platforms on Saturday 22nd May.

With the DeFi industry disrupting every corner of traditional finance, borderless and inclusive financial tools are now available to the world’s unbanked, levelling the playing field for millions of people previously unable to access lending, borrowing and many other financial services. We are leading the charge into a future of decentralised finance and, at Spherium Finance, we are committed to giving users complete control of their finances, with a comprehensive suite of DeFi tools all packaged within one secure, easy to access platform.

Having already successfully closed our seed and private rounds with a total amount of $3.3 million raised, we are very excited to announce a triple IDO event that will give the wider community an opportunity to support our mission; the triple IDO will take place on 3 popular platforms on Saturday 22nd May 2021 and will see a total of 1,769,230 SPHRI tokens available for sale.

Triple IDO Platform Information

We will be launching the SPHRI token on 3 popular exchanges:

DAOMaker

DAOMaker is a fundraising platform that allows for equal participation of crowd equity and tokens in a decentralized environment. The platform provides everyday people with a safe space to grow their capital and invest in the innovations of tomorrow, with previous IDOs on the platform including Orion Protocol, Sienna Network and Showcase.

There will be a total of 1 million SPHRI tokens ($195,000 USD) available for sale on the DAOMaker platform.

BSCPAD

The first decentralized IDO platform for the Binance Smart Chain Network, the BSCPad launchpad has introduced several innovative projects into the BSC markets including Raze Network and StackOS. Users will be required to hold BSCPAD tokens before and after the SPHRI IDO launch in order to participate in the event (more information will be announced related to this in the coming days).

There will be a total of 641025 SPHRI tokens ($125,000 USD) available for sale on the BSCPad platform.

Penta Launch

Bonding curves are a great instrument for token auctions and Penta Launch is a permissionless and decentralized bonding curve auction protocol conceived and built by a DoraHacks community developer named Goda Takeshi, after he received a BSC grant. Previously named the Bonding Curve Factory, Penta Launch enables permissionless curve creation with self-defined parameters, and users can buy, sell, and redeem tokens on the curve.

There will be a total of 128205 SPHRI tokens ($25,000 USD) available for sale on the Penta Launch platform.

More Details To Follow

We are very excited to be launching 3 separate events on 3 different platforms, as this will maximise the potential for participation in the token sales across various blockchains and in several communities. We will be releasing more detailed information related to the triple IDO in the coming days, so please make sure to check our social media platforms.

The SPHRI Token

SPHRI token plays a vital role in the Spherium Finance ecosystem, serving functions not only for governance but also for incentivisation for SpheriComp lenders, HyperSwap liquidity providers and traders and also as a reward for token stakers.

For more of a view into the roles the SPHRI token plays inside the Spherium ecosystem, please read our Whitepaper.

About Spherium Finance

The Spherium Finance platform offers a complete suite of financial services comprising a universal wallet, token swap platform, money markets, and inter-blockchain liquidity transfer. Our platform will function as a global financial service provider, extending fundamental financial services to the unbanked.