Polkastarter launches initial DEX offerings with fixed price tokens
Fixed Swap Pools will maintain the token price throughout the sale until the initial supply is bought. Polkastarter, a decentralized exchange on the Polkadot platform, is launching a mechanism for crowdfunding, with several projects lined up to offer token sales through the platform.Through a so-called “Fixed Swap Pool”, projects can list their tokens and set up a pool with a fixed per-token purchase rate.The product will go live on Dec. 15, and three projects will be using the platform to raise funds in the first three days of launch. These include two decentralized autonomous....
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One of the most anticipated projects of 2021, Polkadex, announced its Initial DEX Offering in partnership with Polkastarter launchpad. A non-custodial high-frequency trading decentralized exchange Polkadex is getting ready for its upcoming IDO on Polkastarter. Polkadex is creating a superior decentralized exchange that will disrupt the current status quo of cryptocurrency trading both for professional […]
If you’ve been in the crypto and blockchain sector for a while, you probably remember all the phases of fundraising that the industry has gone through. There have been Initial Coin Offerings (ICOs), Initial Exchange Offerings (IEOs), Initial Decentralized Offerings (IDOs), and now, Initial NFT Offerings (INOs). In a similar vein to the others, INOs […]
Crypto research firm, Messari says new Defi token offerings or initial dex offerings (IDO) are a reincarnation of initial coin offerings (ICO) and warns average investors to steer clear these. The firm notes that several early participants of IDOs are the ones that typically make off with outsized returns, while others are left deeply in the red. For the rest of the participants, Messari suggests it is better to wait for the market to settle on a price before buying. In a Twitter thread on September 28, the research firm explains that IDOs, which are “conducted on automated market....
New partnerships, interest in initial decentralized exchange offerings and the success of Polkadot back Polkastarter’s impressive 500% rally. Polkastarter (POLS) is a cross-chain token pool and auction protocol built on the Polkadot (DOT) blockchain. It launched in October of 2020 as a way for projects to raise capital in a decentralized environment and since January the token has rallied 500% to a new high at $1.78.Three possible reasons for the recent growth of POLS are the strong rally seen from Polkadot, strategic partnerships and exchange listings and an expanding list of token....
Cryptocurrencies can be used for a lot more than just sending and receiving funds. They can also be used directly for decentralized fundraising, either by maintaining continued support via websites like SatoshiVote, or achieving milestones on platforms like Koinify. Initial coin offerings, or "ICOs", occur when the developers create an altcoin and keep some of the starting batch, then sell them to raise funds. The coins could theoretically represent equity in a company, but for regulatory reasons, they typically do not. Instead, they are tokens required to use an associated decentralized....