Source : cryptodaily.io
The LBP launch on the Polygon sidechain, using Copperlaunch and Balancer pools.
When receiving something nice, the logical reply is thanks! That’s why THX created the THX Network, a protocol that allows any organisation to create and embed their own ECR-20 tokens in any app or website, increasing engagement and or revenue, without breaking their developers’ brains or bank. With THX Network embedding tokens is as easy as embedding an iframe!
The THX Network team has been building on Polygon since mid-2020, and is super excited to be the first protocol to launch through Copper directly on the Polygon Network. The THX governance token is the driving force behind the THX protocol and gives token holders voting control over the THX protocol’s parameters and future improvements, as well as the right to claim protocol fees.
Using the Polygon PoS THX can provide fast and economical transactions for their end-users. By sponsoring the gas costs clients don’t have to worry about additional UX barriers for their customers. As Polygon uses an account-based PoS (EVM) model, THX was able to deploy their smart contract layer (which was initially built for Ethereum mainnet) on Polygon without any adaptations, saving the team a lot of time and headaches.
The various chains that Polygon supports (and will add in the foreseeable future) allows THX Network to offer their users flexibility and the ability to choose which chain to implement their own ECR-20 tokens on, depending on the parameters that best fit their needs and requirements.
The THX governance token launch will start on the 22nd of November 2021. For more information visit the THX Network website or read the $THX token launch article on Medium.
THX Network is an Amsterdam-based company with a passion for open-source, UX and blockchain technology. They believe programmable money will be nothing short of transformative for their economies. The THX Protocol allows mainstream organisations to benefit from emerging blockchain technology, allowing them to embed tokens in any app or website, increasing engagement and revenue. Use cases include loyalty programs for startups, the offering of collectibles by creators and engagement incentives by non-profits.
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 3000+ applications hosted, ~600M total transactions processed, ~60M unique user addresses, and $5B+ in assets secured.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.