IDO LAUNCHPAD: AN ADVANCE DECENTRALISED MULTI-CHAIN PROTOCOL WITH INBUILT PRICE DISCOVERY MECHANISM
INTRODUCTION
The advent of blockchain technology has brought about new ways of doing business globally. We have seen the emergence of so many start-ups which leveraged on this amazing technology for fund raising and this has indeed, been salvation to many business ideas that never would have been implemented owing to lack of funding. For the purpose of clarity, fund raising through the blockchain technology is regarded as Token Generation Event (TGE), a situation whereby people with business ideas will tokenize their business worth by creating a certain number of cryptocurrencies in the business name. After this, investors will buy these tokens as shares of the business, this being like the conventional share market. The fund raised will be used to execute the business and the token are then listed in exchanges for investor to sell and recover their investments. Other parties involved in implementing the business idea are also paid in the token of the company.
Interestingly, the blockchain technology has made raising funds for new business ideas easy and this process of fundraising has gone through a lot of reviewing, modification and advancement in order to achieve an optimal crowdfunding process. Some of the popular models used for such fundraising are Initial Coin Offering (ICO), Initial Exchange Offering (IEO) and Initial Digital Offering (IDO).
Initial Exchange Offering, that is conducted directly at centralized cryptocurrency exchanges, solves the problems of ICO which amongst others include project owners not being able to list token in exchange due to several reasons such as fraudulent activities and others. However, IEOs are done in centralized exchanges and this carries with it the problems of centralized exchanges. Consequently, Initial Digital Offering was introduced, and this has proven to be a wonderful alternative. A lot of IDO platforms have emerged but there is still a lot to be done. This therefore call for more innovations in this regard and that is what will be unveiled here.
WELCOME TO IDO LAUNCHPAD
IDO Launchpad was birthed from the need to have an efficient IDO platform that will be fair and meets the needs of both the project owners and the investors, while ensuring that security of all is guaranteed. Deployed on Etherium blockchain and Binance Smart Chain, IDO Launchpad is a multi-chain platform that is self-running and decentralised. Below is how the platform looks like.
WHAT IS UNIQUE ABOUT IDO LAUNCHPAD?
In addition to conventional launchpads functionalities, IDO Launchpad is unique in the following areas:
- Optimal Price discovery Mechanism: This is one of the key features that distinguishes IDO Launchpad from other platforms. This algorithm enables investors to buy the token at the best price.
- Scalability: IDO Launchpad is highly scalable in that it can handle multiple IDOs at the same time. Scalability problem is a major one in the cryptocurrency space and IDO Launchpad will be able to solve that.
- Fair Settlement Mechanism: As the name implies, this allows fair settlement of all parties involved in the IDO process. This is again, one edge IDO Launchpad has over other platforms.
- DAO Sharing: This allows token holders voting rights for project to be launched in this platform. There is other mechanism in place that will enable IDO Launchpad token holders to earn cryptocurrency of projects doing TGE in IDO Launchpad. This is a wonderful innovation that will sustain the demand of IDO Launchpad token.
Below shows some IDO Launchpad has compared to other platforms. It is obvious that IDO Launchpad will be the latest big thing in this aspect of the cryptocurrency space.
THE IDO TOKEN
The native token of the IDO Launchpad is noted by the code IDO. There is a total supply of 600 million of the IDO token with 300 million minted on Etherium blockchain and 300 million minted on Binance Smart Chain.
WHAT ARE THE BENEFITS OF HOLDING THE IDO TOKEN
Apart from the fact that the IDO token will be in high demand due to the amazing features of the platform, there are so many other benefits of holding the IDO token. Some of them are:
- Holders of the IDO token will get some amount of tokens that is running TGE in the platform. This means you can get different tokens just by holding the IDO token.
- Holders of the IDO token have voting rights that empowers them to vote for project to be launched on the platform
- Holders will earn staking rewards when they stake their IDO token.
- It will be required to be able to participate in some of the TGE launched in the platform.
THE IDO TOKEN SALE
Seeing that the IDO token will e in high demand, it is advisable to get in this early stages of the token sale. Nevertheless, the product being offered by this project is superb and this is one thing that will boost confidence in the token. You can participate in the token sale by visiting the Website
CONCLUSION
The product behind every project and the problem the project is solving is the backbone of every successful cryptocurrency. IDO Launchpad is bringing something unique to the market and it is wise to pay more attention to this project. You can visit the links below to learn more about this project and how to be part of it.
Website: https://idolaunchpad.org/
ANN Thread: https://bitcointalk.org/index.php?topic=5358810.0
Telegram: https://t.me/IDOLaunchpad
Author
BTT username: nattykio
BTT profile: https://bitcointalk.org/index.php?action=profile;u=1617655