NexGami is a gaming platform operating on Polygon's Web3 technology, emphasizing fairness and competitiveness. Its goal is to bridge the divide between conventional gaming and Web3-based gaming. Recently, the platform hinted at positive developments regarding its Initial DEX Offering (IDO) listing, which had been delayed due to market volatility.
NexGami, which debuted in 2022, has made significant strides since its inception. Initially, it had disclosed plans for the IDO launch of its $NEXG token, but due to market volatility, this initiative couldn't materialize as scheduled. Despite completing a successful funding round, the anticipated token IDO launch had to be postponed due to ongoing market fluctuations, leading to various speculations about the delay.
In a recent tweet from its official account on May 2, 2024, NexGami announced the refunding of funds to investors. Since the fundraising commencement, it has amassed a total of $1.30 million. The tweet also indicated ongoing discussions with Enjinstarter regarding the reimbursement of funds from the Enjinstarter IDO's GAP round.
The main reason for delaying the token IDO and listing was to ensure stability within the ecosystem. Developers were concerned about potential issues that could arise from launching the token prematurely, which could disrupt the ecosystem. As a result, they opted to postpone the event and advised followers to await further updates.
Originally scheduled for May 7-10, the listing timeline has not been revealed yet due to the unpredictable nature of the market.
The team at NexGami recognized the challenges that many tokens encounter during their launch, particularly due to market volatility. They were mindful of these issues and aimed to shield their new token from the adverse effects of unpredictable market conditions.
While this announcement initially caused uncertainty, NexGami later clarified that followers should refer to their official Discord channel for any updates. Various rumors circulating further contributed to the uncertainty surrounding the situation.
Additionally, the tweet emphasized that the decision to postpone the token launch was not taken lightly, but it was made with the best interests of the community in mind.
A recent tweet shared on NexGami's official X account on May 6, 2024, has sparked renewed optimism among followers. While the tweet did not explicitly mention the relaunch of the token IDO, it hinted at the possibility of the event occurring soon.
In cryptic language, the tweet stated, "A new week is calling for fresh vibes," suggesting the potential for the token IDO launch that had previously been postponed due to market uncertainty. Additionally, the tweet reassured the community that NexGami remained a robust and resilient project with promising prospects despite facing challenges.
The tweet clarified that the postponement was solely due to the uncertain market conditions, with the team prioritizing the long-term stability of the ecosystem in the dynamic crypto landscape. Moreover, it hinted at preparations underway to restart the token IDO process, indicating that the team was gearing up to resume the process very soon, which is expected to bolster trust within the community.
May 2024, Cryptoniteuae