Phase 1 of sGEG Initial Stake Offering sGEG Token SOLD OUT with a BANG in just under 4 minutes!

3 min readJul 9, 2021

As per the previous post regarding the launching of Initial Stake Offering (ISO) for the GeFi ecosystem, where early adopters can participate by purchasing sGEG to stake in the liquidity pool to earn GEG; the phase 1 presales for sGEG was officially ended under 4 minutes!

GeFi is a decentralized blockchain ecosystem built on the Binance blockchain protocol (Binance Smart Chain, BSC). GeFi’s protocol features a simple user interface built on top of a sophisticated engine that supports pooling with reduced impermanent loss. GeFi introduces 2 tokens circulating in the entire ecosystem, GEG (GeGems) and GES (GeStones). With the Phase 1 availability of a total of 57,000 sGEG selling at $4 per sGEG, GeFi successfully raised $228,000 during the phase 1 ISO, which is now counting down to the phase 2 of the ISO which will be opened in just a matter of days: 12th July 2021 UTC 1200, with a total availability of 85,500 sGEG selling at the price of $5 for every sGEG.

Their communities were filled with maximum hype as participants who had waited for the launch and those who missed their spots during the commencement of the ISO.