LODE Announces Avalanche Support
LODE is pleased to announce that its token ecosystem will now launch on Avalanche (AVAX) with the upcoming release of its new LODEapp wallet. While SOLANA support is still highly anticipated, AVAX will become the primary blockchain that the new LODEapp will operate on.
With the new wallet, LODE is using a two-pronged development approach, using AVAX and SOLANA in parallel. A decision was made to focus on the AVAX blockchain first because it offers greater decentralization, resources, maturity, and accessibility, without compromising fast and low-cost transactions.
Based on recent developments surrounding SOLANA, LODE will continue to develop support for the blockchain. However, LODE is waiting for the finalization of the technology associated with processing transaction fees, which supports the ongoing maintenance of LODE’s vaulting operations, from the SOLANA protocol team, to complete its development. Until the SOLANA development is complete, LODE Tokens, AGX, and AUX Coins will launch on Trader Joe with the initial launch of the new LODEapp.
LODE is also happy to announce that credit card purchases will be returning to the wallet in the upcoming release via its new partner Simplex. Community members will also be able to use credit cards to purchase all assets that LODE supports (i.e., USDC, BTC, ETH, and AVAX). Finally, thanks to the hard work of LODE’s development partners, custodial accounts and ACH deposits will be featured in the new LODEapp release.
Based on the developments above, LODE is extending the timeline for the launch of its liquidity and new mobile application to September 7th, 2022 to allow technical teams the time required to complete the vision.
LODE’s commitment to liquidity has not changed and community members can continue to look forward to upcoming information regarding the liquidity strategy, new application features, and new business development opportunities in Mexico.
LODE is committed to providing a comprehensive and complete experience for the community and hopes that you share its enthusiasm. If you have questions and need answers, join the conversation and share your thoughts on the LODE Community Telegram channel.