Kalima secure a $10 million investment commitment from abo digital and announces a private sale and dex listing

"This funding commitment from ABO Digital marks a significant milestone for Kalima Blockchain,which plans on using the funds to further innovate and refine our IoT solutions, which have the potential to revolutionize industries and drive digital transformation. This commitment from ABO Digital will enable Kalimato enhance our IoT blockchain solution for industrial companies and developers, which is ready to be deployed at a global scale, and bolster strategic partnerships within the IoT and Blockchain ecosystem,” said Kalima Blockchain Chief Executive Officer André Legendre.

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 and Data Governance applications align perfectly with our commitment to driving technological advancements in enterprise blockchain solutions.”

KLX – Private Sale & Listingon Uniswap

Today, the Kalima Team is pleased to announce the upcoming 24 hours Private sale of its token KLX on Pinksale to the crypto community. The Private Sale will take place either on the 3rd or 4th week of July.

The KLX Token

The Kalima tokenis a utility token with the symbol “KLX.” The token was originally minted on the Polygon. KLX holders can use the token to pay for transactions, Blockchain and services on the Kalima Blockchain protocol.

Governance Decision

To support the growth of the KLX token the Kalima Blockchain Governance has voted several proposals on the 10th of July :

• The KLX will be bridged towards the Ethereum Main net
• A launchpad will be created on Pinksale for a 24h public sale starting on the 19th of July
• KLX will be listed on Uniswap following the pre- saleon Pinksale for a KLX-ETH pair

Private Sale

• The primary objective of the private sale for Kalimais to create the liquidity pool on Uniswap.
• The Private sale will have a hardcap of 300 ETH and the ETH raised during the private sale will be used to create the liquidity pool on Uniswap.
• Holders will be able to trade KLX on Uniswap with a strong liquidity pool.

Why bridging towards the Ethereum Main net ?

The bridge of the KLX token to the Ethereum Main net has for purpose to allow our users to access more liquidity on the ETH network, the Uniswap listing will use a KLX-ETH pair.

Here is a documentation on how to bridge your KLX on the Polygon Network to KLX on the Ethereum Network: https://medium.com/@Kalima_KLX/klx-token-bridges-to-ethereum-main-net-uniswap-launch- announcement-869090c2980

Uniswap

Kalima Blockchain is excited to list the KLX on the automated exchange protocol Uniswap that currently stands as one of the leading Decentralized Exchanges. Thanks to its on-chain liquidity pools system, users will be able to instantly trade ETH and KLX tokens in a very simple way without relying on a centralized exchange.

The Uniswap listing of the KLX is planned for the 21thof July

‍About Kalima

Kalima Blockchain (Kalima), is a low consumption layer one blockchain for enterprises and IoT. It provides an interconnected blockchain concept as a new paradigm for solving the decentralization objective and increasing scalability, adopting a paramount feature from blockchains such as Cosmos and Polkadot. Kalima Blockchain can be embedded in very small IoT devices and allows to execute AI inferences at the edge on its smart contracts.

‍About ABO Digital

ABO Digital is an investment firm providing alternative financing solutions to cryptocurrency projects around the world. As part of the Alpha Blue Ocean group, which has executed more than $2B in financing commitments for publicly listed companies across the globe since its inception in 2017, ABO Digital brings institutional-grade expertise and flexible financing solutions for blockchain developers worldwide.