Silicon Finance Review: The First Decentralized IDO from Africa

Sponsored • January 18, 2022

 

While crypto projects continue to mushroom unabated, potential investors in the decentralized finance (DeFi) space have become increasingly wary of bad-faith actors taking advantage of the relatively unregulated nature of crypto to pilfer funds from unsuspecting crypto enthusiasts. Silicon Finance is a new startup that seeks to rejuvenate investors’ confidence by bringing them closer to a safer crypto experience.


Founded by Michael Obekpa and Moses Akula, Silicon Finance is Africa's first initial DEX offering (IDO) platform. Crypto has taken the world by storm, but few projects have emerged from the African tech space. Silicon Finance is seeking to not only encourage other African developers to follow suit, but it is also looking to be the perfect launching pad for them.


With scams and rug pulls blighting the initial coin offering (ICO) market, Silicon Finance will create a decentralized, permissionless, crowdfunding platform offering better and immediate liquidity at every price level for projects looking to launch tokens and access funds immediately.


Apart from being more susceptible to scams, initial coin offerings, initial exchange offerings (IEOs), and security token offerings (STOs) are usually hampered by a lack of control and investor protection, without which project developers cannot be subjected to due diligence. Silicon Finance is the first crypto project to combine a launching pad, a swap decentralized exchange (DEX), a charting platform, and a mobile wallet, all aimed at providing liquidity for new projects without the debilitating issues affecting the more traditional crypto funding methods.


Core Features of the Silicon Finance Ecosystem

The Silicon Finance ecosystem is anchored on the following four primary features:


SiliconPad

This decentralized IDO platform will allow holders of Silicon Finance’s native token to jump on exclusive crypto offerings at an early stage. SiliconPad will send presale tokens and accrued BNB to PancakeSwap to create a liquidity pool using its smart contracts. This feature is Silicon Finance’s attempt to minimize scams and rug pulls to ensure a better experience for crypto investors.


SiliconChart

This is the second feature of the Silicon Finance platform, and it will function as a livestreaming dApp for the transactions and price actions of Binance Smart Chain (BSC) tokens.  BNB and Silicon Finance's native token holders will also enjoy exclusive functional capabilities.


SiliconSwap

The third pillar of Silicon Finance, SiliconSwap, was built to enable users to manage liquidity pool holdings and to instantly swap one crypto asset for another from networks like Polygon, Ethereum, and BSC. Going forward, there are plans to integrate even more networks into SiliconSwap, and even to add a function that will allow users to buy crypto using a fiat currency of their choosing.


Silicon Mobile App

Available on both Android and iOS devices, the Silicon Finance mobile app will seek to bridge the gap between traditional business models and decentralized finance. The app will also feature an in-built wallet that will allow users to manage their holdings and carry out microtransactions using different cryptocurrencies.


KYC and Smart Contract Audit

In keeping with what has now become standard practice in the crypto space, a know your customer (KYC) process was carried out on the Silicon Finance team by a German-based audit firm, SolidProof, on December 15, 2021. The ownership was verified and all team members checked out. An audit on the project’s smart contract was also performed by QuillAudits, giving it a clean bill of health.


$SLK Token

The $SLK token will power the Silicone Finance Platform. $SLK is a BEP-20 membership utility token, meaning it will have endless use cases across the Silicon Finance ecosystem.


Token Allocation

$SLK has a total supply of 100 million units, with the initial supply pegged at 40 million tokens. $SLK is currently valued at $0.09, while 1 BNB is worth 6,777 $SLK.

The initial $SLK supply was distributed in the following manner:


  • 8% was put into a private sale where applicants received $SLK at highly discounted rates.
  • 10% was put into a seed sale.
  • 10% went into the public sale on Unicrypt
  • 4% is earmarked for the future development of the Silicon Finance project.
  • 8.8% was given to the team behind the Silicon Finance project.
  • 7% went to the project’s strategic partners.
  • 5% was awarded to the project’s advisors.
  • 6% will be used to finance marketing activities and for listings on centralized exchanges.
  • 41.2% will be used for staking emissions.


The 8.8% of $SLK’s initial supply allocated to the Silicon Finance team will be locked in a liquidity pool for at least two months before being vested over 12 months. The share of the circulating supply going to the project’s partners and advisors will also be locked in a liquidity pool for four weeks and vested for 14 months thereafter.


Once the soft cap target is reached, 3% of BNB raised in the public and private offerings will be split equally between the project team’s address and the platform’s staking contract to  reward  $SLK holders.


Currently the team is holding their Token Presale through Unicrypt.


Roadmap

Silicon Finance has so far successfully accomplished most of the targets laid out in the initial phase of its roadmap. A public sale was carried out on January 9th, 2022, on Unicrypt, with other public presales scheduled to be carried out on the platform’s own SiliconPad.


Silicon Finance is currently in the middle of an awareness and marketing campaign aimed at growing its community and attracting more investors.


The next phase of the Silicon Finance roadmap will begin with  opening staking pools and  listing of $SLK on major crypto exchanges. The project will also endeavor to forge more strategic partnerships, especially with venture capitalist organizations and media platforms. SiliconChart is also scheduled to go live during this phase of the roadmap.


In the final stage of the Silicon Finance roadmap, the team will look to integrate the project with more decentralized exchanges besides launching SiliconSwap. They will also continue building more partnerships and spread even more awareness about the project. In this phase, the Silicon Finance team will also look to launch their mobile app in tandem with a trading platform. Finally, the team will also try to make even more innovations around the Silicon Finance ecosystem  to increase the project’s utility and value.


Final Thoughts

Silicon Finance is not only banking on revolutionizing the crypto crowdfunding space, but its own success and the system it is building could hopefully encourage other African developers to take the next step in their crypto journeys.


Initial offerings in the crypto space are risky for investors because there are no guarantees that their funds will be available, but Silicon Finance’s two key features, the provision of an easy and transparent presale process and the automatic locking of liquidity after the presale, could potentially go a long way in addressing the concerns of crypto investors and bringing back a level of trust in the DeFi space.


Main website: https://thesilicon.finance

Launchpad: https://thesiliconpad.com

Exchange: https://siliconswap.finance

Telegram (English): https://t.me/TheSilicon_Finance

Telegram (Chinese): https://t.me/Silicon_Finance_CN

Twitter: https://twitter.com/Silicon_Finance

Instagram: https://instagram.com/silicon_finance

KYC’d Pre-sale link: https://app.unicrypt.network/amm/pancake-v2/ilo/0x873bD74F160329aF58C9185798AbE26467e62cdd

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.  

SX Bet Bets Big on Berachain: Bringing Web3 Sports Betting to Bera

By Press Release • May 29, 2025
SX Bet has officially launched on Berachain, marking the next milestone in its cross-chain expansion strategy. With over 2 million bets placed, $675 million wagered, and 93% year-over-year growth in volume, SX Bet is reshaping the future of sports betting — and Berachain is the next big stage.  SX Bet’s Berachain launch comes with a unique incentive structure designed to reward bettors for their activity. Users can now place bets using the native $HONEY stablecoin and earn $SXBRT, a receipt token that can be staked to the SX Vault on BeraHub to generate weekly yields in $BGT, Berachain’s governance token. The more you win, the more you earn. SX Bet will be hosting a summer Berachain betting tournament with a 69,420 bet credit prize pool from May 31 - July 14th and airdropping bet credits to top Berachain communities. But the Berachain deployment is not just about incentives. It’s about creating a scalable global liquidity hub for bettors and builders alike. Builders can leverage SX liquidity to launch their own custom betting frontends and experiences. “SX Bet isn’t just a single dApp — it’s a betting protocol anyone can build on. With this Berachain launch, we’re not just growing SX, we’re growing the entire Web3 betting ecosystem,” said Andrew Young, SX Bet Project Lead. The cross-chain architecture enables shared liquidity across multiple blockchains, allowing users to place bets on their preferred chain without sacrificing odds or depth. Already the top sports betting dApp by volume on Arbitrum, SX Bet has achieved sustained growth without relying on ongoing incentives — proving that sharp odds, fast UX, and a product-first approach win. Bettors choose SX for its peer-to-peer, non-custodial, on-chain model — a platform with the best odds, deepest liquidity, and a clear message: winners are welcome. SX Bet is setting the standard for scalable sports betting infrastructure in Web3. For bettors: more rewards, deeper liquidity, and better odds. For builders: a plug-and-play liquidity engine to leverage and build upon. For chains: a sticky, high-volume dApp proven to drive user growth and retention. Start betting and earning on Berachain today: bera.bet About SX Bet: SX Bet is the fastest-growing on-chain betting exchange—built for the future of sports and crypto. All bets are peer-to-peer, the platform is non-custodial, and all bets are on-chain —offering a secure, trustless, and transparent betting experience. Built on the SX Network and now live on Arbitrum and Berachain, SX Bet is cementing its position as the global liquidity hub for sports betting. Learn more at sx.bet . SX bet is not available in the United States or other restricted regions. Media contact: business@sx.bet

Europe uses blockchain: launches free cloud mining settlement service for Bitcoin, Dogecoin, and Litecoin

By press release • May 28, 2025
As the global cryptocurrency industry matures, Europe is accelerating its move towards a new economic model dominated by blockchain. Recently, a multi-national European technology alliance jointly announced that it will officially launch a blockchain-based ultra-large-scale cloud mining settlement service, aiming to open up the entire process of cloud mining resources, transparent income distribution and cross-border contract settlement. This revolutionary system will be technically supported by the leading encryption technology platform BlockchainCloudMining , marking the deep integration of decentralized finance (DeFi) and high-performance computing power infrastructure. The entire system is built on blockchain smart contracts. Every income distribution and the operating status of each device can be recorded on the chain in real time. Users only need to log in to the platform to view daily computing power income, contract progress and mining asset settlement status. The platform promises "zero delay and zero black box". All settlements will rely entirely on on-chain verification to eliminate the risk of human manipulation. How to use blockchain cloud computing power to easily earn daily income? Step 1: Register an account Registering as a Blockchain Cloud Mining user will receive a $12 bonus, which can be used to purchase a $12 contract, with a daily income of $0.6. This plan provides new users with a free experience of cloud mining without any financial risk. Step 2: Choose Blockchain Cloud Mining Contract In addition to the $12 contract, there are multiple contracts that can be purchased at the same time. Each contract has a fixed income, and you can get more income after purchasing. As follows: ⦁ [New User Experience Contract]: Investment amount: $100, contract period 2 days, potential total income: $100 + $6. ⦁ [WhatsMiner M66S]: Investment amount: $500, contract period 7 days, potential total income: $500 + $40.25. ⦁ [WhatsMiner M60]: Investment amount: $1000, contract period 14 days, potential total income: $1000 + $168. ⦁ [Bitcoin Miner S21 XP Imm]: Investment amount: $5000, contract period 32 days, potential total income: $5000 + $2048. ⦁【ALPH Miner AL1】: Investment amount: $10,000, contract period 45 days, potential total income: $10,000 + $6,075. (The platform has launched a variety of stable income contracts, for more contract details, please log in to the official website Blockchaincloudmining.com BlockchaincloudMining advantages and features: Registration bonus: Register and get a $12 bonus immediately. No additional fees: transparent pricing, no hidden service fees or management fees. Cryptocurrency support: Provides trading of multiple cryptocurrencies such as USDT-TRC20, USDT-ERC20, BTC, ETH, LTC, USDC, BCH, SOL, DOGE, XRP, etc. Referral program: Earn up to $50,000 through the affiliate program by referring new users. Support and uptime: 100% Uptime commitment, 24/7 customer support and real-time settlement of earnings Conclusion: Blockchain + European regulation, reshaping the future of cloud mining The core value of "decentralization" is taking root in Europe, and BlockchainCloudMining is standing at the starting point of this new era. With Europe's advantages in policy support, data compliance, and energy structure, coupled with its own years of platform experience and technical accumulation, BlockchainCloudMining will lead the global cloud mining from "barbaric development" to "institutional drive", and start a truly future-oriented blockchain computing power revolution. If you are also optimistic about the future of digital assets such as Bitcoin and DOGE, and are looking for a new investment method with low threshold, high transparency, and automatic income, then now is the best time to join BlockchainCloudMining. Click with your fingertips and hold the key to the next digital wealth cycle. For more information about BlockchainCloudMining, please visit the official website: blockchaincloudmining.com or contact the company email: info@blockchaincloudmining 

VEEPEEN Launches with Viral Momentum, Crosses 3,000 Holders Amid VEEPEEN Meme Surge

By press release • May 28, 2025
The crypto world has a new viral disruptor: $VPN, a memecoin with a name that turns heads and a strategy that turns momentum into community. Unlike traditional VPNs (“Virtual Private Networks”), this VPN stands for Vagina Penis Network. The result is a meme-powered project that blends internet culture, social irreverence, and ironic utility into one fast-growing token. Now crossing 3,000 holders and expanding rapidly, $VPN captures the chaotic spirit of the internet. The team is openly tapping into the most viral meta of 2025: anatomy meets anonymity. This alignment has sparked a wave of “VEEPEEN” memes that now fuel much of the project’s viral energy. A Meme That Understands the Internet At its core, $VPN is a double entendre. It hijacks the acronym most associated with encrypted browsing and redefines it through the lens of raw, meme-ready branding. It is this intentional contrast (between data protection and digital depravity) that has made $VPN impossible to ignore. $VPN stands out for its cultural awareness and total commitment to internet-native humor. Gaining Traction and Market Attention Despite its absurd premise, $VPN is showing real momentum. Backed by high-engagement KOLs and degen communities, the token has evolved from a joke into a serious contender. Early buyers are aligning not just with a token but with a brand that openly challenges crypto’s tendency toward sameness. With viral growth, mounting attention, and talk of future listings, there’s a lot of hype around VPN. In fact, people in the space now cite $VPN as a potential $100 million market cap breakout. Built for the Post-Ironic Web3 Era The project’s tagline (“The only protection you need”) sums up its self-aware design. While traditional VPNs offer encrypted access and privacy, this $VPN offers something more abstract: a mirror to how crypto, memes, and culture collide in 2025. The VPN team is working to go beyond the mere memecoin definition. In fact, this project is more of a commentary wrapped in community. The idea is powered by people who understand that the internet rewards contradiction and commits to the bit. About VPN VPN (Vagina Penis Network) is a community-driven memecoin launched as a provocative fusion of privacy culture and viral internet branding. By reinterpreting the acronym VPN, the project builds its identity on contrast, chaos, and cultural resonance. With over 3,000 holders and rapid growth, $VPN has positioned itself as a standout token in the Web3 memecoin space. It is not a protocol; it is a performance. A decentralized brand for those who understand the power of memes, meta, and momentum. The project’s meme culture continues to expand across platforms, driven in part by the growing popularity of the “VEEPEEN” meme trend. Anyone curious to learn more about this project can check out the founder's official announcement and VPN's DexScreener page below. Website | X (Twitter) Official Announcement | $VPN on DexScreener 

AGFI Token to Launch on Bitbulls Exchange on 2nd June, 2025 at 09:30 AM UTC

By Press Release • May 26, 2025
Agrifi, a trailblazer in blockchain-powered agricultural solutions, is proud to announce the official listing of its native utility token, AGFI, on Bitbulls Exchange. Trading will commence on 2nd June, 2025, at 09:30 AM UTC , with the trading pair AGFI/USDT. Deposits and withdrawals will also be enabled at the same time. This significant milestone brings AGFI to a broader global audience, giving users the opportunity to participate in a revolutionary ecosystem where blockchain, AI, and IoT converge to power smart agriculture.  AGFI: Powering the Future of Agriculture AGFI is more than just a token—it’s the fuel behind the Agrifi platform, which empowers farmers, agri-businesses, and consumers with transparency, automation, and real-time data across the agricultural value chain. From farm to fork, every transaction and data point is immutably recorded on-chain. With AGFI, users can: Access premium AgriFi platform features Participate in blockchain-verified supply chains Stake tokens for rewards and ecosystem governance Facilitate secure, transparent agri-financial transactions Why Bitbulls Exchange? Known for its robust security, advanced trading tools, and user-centric design, Bitbulls Exchange is the ideal platform for AGFI’s trading debut. Bitbulls adheres to global compliance standards, ensuring a safe, intuitive, and scalable trading experience for new and seasoned investors alike. “The listing of AGFI on Bitbulls is a defining moment for the Agrifi ecosystem,” said an Agrifi spokesperson. “It opens doors for global participation in a token economy that’s transforming agriculture as we know it.” “We are thrilled to host AGFI’s listing,” added the Bitbulls Exchange team. “It represents the kind of real-world use case that blockchain needs to scale mainstream adoption.” Launch Details: Token Symbol: AGFI Trading Pair: AGFI/USDT Launch Date: 2nd June , 2025 Launch Time: 09:30 AM UTC Exchange: Bitbulls Exchange Stay Connected: Facebook: https://www.facebook.com/agrifiofficial Instagram: https://www.instagram.com/agrifi_official/ Twitter: https://x.com/Agrifi_official Telegram: https://t.me/bitbulls_exchange Website: agrifi.tech | https://bitbulls.exchange/
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