Propel Announces IHO of $PEL

Propel
3 min readNov 15, 2021

Multi-Chain Metaverse and DeFi-as-a-Service provider

Propel is a multi-chain blockchain Infrastructure Solution Provider. Serving partners worldwide, our Infrastructure includes MaaS (Metaverse as a Service) & DaaS (DeFi as a Service) along with SaaS (Staking as a Service) ecosystem.

Having a brilliant idea to decentralize the traditional finance in the world of web-3 is not enough; one needs to have a sound understanding of the technology underneath and should be able to work with it in depth. Creating a huge entry barrier for mass adoption, to create the stepping stones of the true Web-3 world Propel is a giant leap towards mass adoption.

Within the toolkit, Propel provides three core parts:

  • Metaverse Infrastructure (Metaverse as a Service)
  • DeFi Infrastructure (DeFi as a Service)
  • Propel Pool (Staking as a Service)

Propel delivers a one-stop tech stack for developers and companies to build on prominent blockchains such as Ethereum, Polkadot, Binance Smart Chain (BSC), Solana, Polygon, and xDAI. Propel aims to decrease the repetitive work for Blockchain projects and simplify the creation of Metaverse and DeFi projects.

Interestingly, handling Propel’s tech stack requires no coding or even the coupling of smart contracts or conducting contract audits. The whole toolkit has been readily made for use by developers and startups.

What is IHO?

IHO stands for Initial Hot Cross Offering hosted on the Hot Cross platform; essentially, an IHO works similarly to an ApeSwap’s IAO or PancakeSwap’s IFO.

Three payment methods will be allowed for the IHO:

  1. HOTCROSS
  2. HOTDOG (formerly HOTVIP)
  3. HOTCROSS-BNB PCS V2 LPs, and zaps.

Each option has a different cap on it; details can be found further in the article.

What about $PEL token Economics?

$PEL Hot Cross IHO details:

📝 Details about the sale are as follows:

  • Where to buy PEL: IHO page on December 7th, 2021
  • Where to whitelist and KYC for sale: KYC page. You must have a KYC’d wallet to participate in this sale. There is no wiggle room here — we are a compliant-facing team that is non-anonymous and serious about pushing innovation and ideas forward in the on-chain space
  • Amount to raise: $702,000
  • Tokens for sale: 5,400,000 PEL (5.4% of Total Supply)
  • Token price: $0.13 per PEL
  • PEL Metrics: Metrics Deck
  • Cap at TGE: $871,000
  • Payment method 1: HOTCROSS-BNB PCS V2 LP’s, BNB zapped into HOTCROSS-BNB PCS V2 LP’s, or BUSD zapped into HOTCROSS-BNB PCS V2 LP’s; (This session is Unlimited)
  • Payment method 2: HOTCROSS single sided (This session is max cap $1,000)
  • Payment method 3: HOTDOG single-sided (launching this week!) (This session is max cap $10,000)
  • Launch Time: December 7th, 2021. The exact clock time will be announced super soon. You will have ample time to participate
  • IHO Duration: TBD
  • Vesting: No Vesting
  • HOTCROSS Holding Requirements: 0 Holding Requirements
  • Tiers: 0 Tiers, everyone is on the same level
  • Lotto: No lotto, everyone who KYC’s can participate
  • Deadline to whitelist: December 1st, 2021 (00:00). Do not delay. Start now
  • HOTCROSS Capped Session Amount: $234,000
  • HOTDOG Capped Session Amount: $234,000
  • HOTCROSS-BNB PCS V2 LP Uncapped Session Amount: $234,000

Find out the entire details here: https://updates.hotcross.com/p/iho-propel

About Investors

About Hot Cross

Hot Cross is an extensive multi-chain and cross-chain tool suite that enables blockchain teams and their communities to thrive. At its core, Hot Cross aims to be the best toolbox for ETH and EVM networks. Their development philosophy is agile, and they are a cohort of builders who aggressively seek out opportunities to meet the demands of the now for both B2B and B2C.

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Propel

MaaS(Metaverse as a Service) & DaaS (DeFi as a Service) Infrastructure Provider