Kalima secures $10M investment and announces private sale and DEX listing.

Kalima secures $10M investment and announces private sale and DEX listing.

The Kalima-ABO Digital Partnership: Revolutionizing IoT Blockchain Solutions

Dubai, United Arab Emirates, July 17th, 2023, Chainwire

Delegated proof-of-stake blockchain Kalima has recently formed a strategic partnership with ABO Digital, a private alternative funding group based in the Bahamas and Dubai. This collaboration involves a substantial investment of US$10 million into Kalima, a French-based blockchain company. In addition, Kalima has unveiled its plans for the KLX token sale.

Kalima: Building Web3 Solutions for Real-World Problems

Kalima is a rapidly growing ecosystem that empowers businesses, developers, and startups to build web3 enterprise and data governance applications, with a specific focus on leveraging IoT (Internet of Things) data to solve real-world challenges. By harnessing the potential of blockchain technology, Kalima aims to revolutionize industries and drive digital transformation.

Kalima CEO André Legendre expressed his excitement about the funding commitment from ABO Digital, emphasizing its significance for the company’s future endeavors. The injection of funds will enable Kalima to innovate and refine its IoT solutions, particularly for industrial companies. Furthermore, this partnership will strengthen Kalima’s strategic alliances within the IoT and blockchain ecosystem.

Amine Nedjai, the CEO of ABO Digital, also expressed enthusiasm about collaborating with the Kalima team. He highlighted the alignment between Kalima’s innovative approach and expertise in web3 enterprise applications and ABO Digital’s commitment to advancing technological solutions in the enterprise blockchain space.

KLX Token Sale and Expansion Plans

To fuel the growth of its ecosystem, Kalima has announced a 24-hour private sale of its KLX token on Pinksale, tentatively scheduled for July 19. The KLX token is a general-purpose utility token that can be used for transactions and accessing blockchain services on the Kalima protocol.

Kalima Blockchain Governance has put forth several proposals to support the expansion of the KLX token. These proposals include bridging the KLX token from Polygon to the Ethereum network and conducting the 24-hour token sale on Pinksale. Following the completion of the private sale event, the KLX token will be available for trading on Uniswap, with a KLX-ETH trading pair established.

The primary objective of the private sale is to create a deep liquidity pool for the KLX token on Uniswap. The listing of the KLX token on Uniswap is scheduled for July 21, providing increased accessibility and liquidity for investors.

About Kalima: Empowering Enterprises and IoT

Kalima is a low-consumption layer one blockchain designed specifically for enterprises and IoT applications. It offers an interconnected blockchain that enhances decentralization and scalability, adopting a framework similar to blockchains such as Cosmos and Polkadot. One of Kalima’s unique features is its ability to be embedded into small IoT devices, enabling the execution of AI inferences at the network’s edge using its native smart contracts.

About ABO Digital: Alternative Financing Solutions for Blockchain Projects

ABO Digital is an investment firm that specializes in providing alternative financing solutions to cryptocurrency projects worldwide. As part of the Alpha Blue Ocean group, which has committed over $2 billion in financing for publicly listed companies since 2017, ABO Digital brings institutional-grade expertise and flexible financing solutions to blockchain developers globally.


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Yousef Batter, Head of PR, White Label Strategy Email: [email protected] Phone: +971559356531