Crowdfunding in cryptocurrency has been on a journey over recent years. As the ICO boom was coming to an end in early 2018, entrepreneurs started to look around for other ways to sell tokens as a means of funding their development activities. The initial exchange offering (IEO) pioneered by Binance became increasingly popular over 2019. However, not all of good projects have the resources to work with top exchanges. They may have good project idea and a solid team behind it. IEO is not friendly for most of innovative projects.
The IDO or initial DEX offering is the next iteration. Token issuers are making use of launchpad platforms to reach ready-made markets of decentralized exchange users. There have been several pretty good launchpads across multiple blockchains, such as Polkastarter on Polkadot, Ignition on Ethereum, BSCPad on BSC, TronPad on Tron. Launchpads are playing an important role in the construction of public chain ecosystem. However, it is very difficult for people to track IDO projects on so many launchpads. Projects usually doesn’t perform well after launching. We need some break throughs in launchpads to lead the next bull run.
KSM Starter just came in time. It is the first IDO launchpad built on Kusama Network. In addition to other existing launchpads KSM starter made some major improvements which will definitely stand out after launching.
1. Decentralized IDO Selection
KSM Starter believes in a fair, transparent, community- driven IDO selection. Through the KST DAO, all KST token holders can become an early supporter of a project by voting in favor of the IDO and receiving allocation incentives. This mechanism will not only incentive its supporter to hold their KST tokens but also respected the spirit of decentralization as a blockchain project.
2. Fostering the Ecosystem
On top of holding the KST token, IDO participants are incentivized with higher allocation win rate by holding any of the previous IDO tokens. It creates an ecosystem of IDO projects that can benefit from others’ success, rather than compete. KSM Starter creates a community of collaborative contributors.
3. Connecting Projects and Communities
Any projects that has done an IDO on KSM Starter earns membership in the KST Ecosystem Council. Composed of both established projects and emerging projects built on Substrate, the ecosystem provides early support for emerging projects through the expertise of the established projects. Projects launched on other launchpads got forgot after launching. But it’s different in KSM starter. KST ecosystem council will provide continuous help to projects launched on it.
4. The KSM Starter Auto-Invest
This will save lots of time of KSM starter supporters. People don’t need to keep tracking all of IDO projects and apply for each of them. Just one time deposits and enjoy the automatic subscription of upcoming IDOs.
KSM is an innovative pioneer in launchpads. Looking for its launching and participate in the next level of launchpad.
