Sheesha Finance Comes to Polygon Network
Sheesha Finance has consistently promoted the importance of being a cross-chain, multi ecosystem-supported mutual fund. With users on both the Ethereum and Binance Smart Chain networks already enjoying the benefits of the Sheesha Finance platform, we have had a large demand from our community wanting to see support on the Polygon network as well. Our community has spoken, and we have listened, and are now incredibly excited to be able to announce our SHEESHA token launch on the Polygon network.
What is the Polygon Network?
Polygon is the leading interoperability Layer-2 scaling solution for building Ethereum-compatible blockchains. As the crypto industry anxiously awaits the much-needed upgrade to the Ethereum Network, Polygon has excelled in rising to the challenge and becoming the solution to the Ethereum scaling issue, resulting in providing users with a way of side-stepping the slow Ethereum transaction times and high network fees.
Polygon uses a Proof of Stake (PoS) system of validators for asset security and utilizes what is known as PoS checkpointing as a consensus mechanism. This means the consensus is ensured by a team of block producers appointed for each checkpoint by stakers on the Polygon network. These producers allow the system to form blocks at a much faster pace and for a fraction of the fees on the Ethereum network, yet is still able to maintain decentralization by delegating checkpoints to the Ethereum main chain. Resulting in the success of the Polygon Network, Polygon has exploded in adoption and use cases recently as it is a very effective, efficient and sustainable solution to the Ethereum scaling issue.
It is part of our vision to launch world-class projects that we believe can deliver long-term performance and bring these opportunities to our community. With Polygon being the world-leading Ethereum Layer-2 scaling solution, we have seen massive demand, growing use cases, and increasing adoption in the Polygon ecosystem. We believe this is one of the top networks to launch our tokens on and share this expansion with current and future Sheesha participants.
We are excited to partner with TDeFi (https://www.tde.fi/), one of the largest adopters and earliest supporters of the Polygon network to work together with us in incubating and launching the next generation of DeFi within the Polygon ecosystem.
Once launched, participants will be able to stake their mSHEESHA (Polygon version of SHEESHA) tokens on the Polygon network and be rewarded in three ways. Our community members who stake mSHEESHA will receive an APY as well as receive daily multi-token distributions from partnership projects on the Polygon network. Token holders will also be able to join staking pools to compound their rewards further
The raise is now open. IDO coming soon.
Sheesha Finance will be offering mSHEESHA tokens during an Initial Dex Offering (IDO) in the coming months. We are currently raising privately within several rounds as follows:
- Seed round open to investors from today, October 12th to October 26th, at a 50% discount.
- A secondary private round launching on October 27th to November 10th at a 30% discount.
- Final strategic round running from November 11th to November 25th offering at a 15% discount.
Investment pre-SAFT form here:
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