Starter.xyz, the leading IDO launchpad, incubator and investor network, which has raised over $40 million (£30.5 million) in seed, private and public rounds for over 50 projects across multiple blockchains, is celebrating its first anniversary.
Starter.xyz is natively deployed on multiple top blockchain platforms, including BSC/Binance Smart Chain, Polygon, Ethereum, Avalanche, Fantom.
Since its inception, Starter has had rocket development, taking first place as the go-to IDO launchpad after just one year and making it a milestone enabler for countless DeFi projects. It has quickly become a key resource for both investors and startups, introducing key innovations at record speed such as Vetting, Investor Protection and Interoperability.
In less than a year since it launched, Starter was named the leading IDO launchpad by ROI in Q4 of 2021 by CryptoRank, creating more than 50 times growth for its launch projects at their high point.
Commenting on its success, Starter’s COO, Suvi Rinkinen, said: “As a launchpad conceived to enable the widespread growth of DeFi, Starter was designed to ensure trust and provide quality for investors. This explains the rapid success that it has enjoyed early on.”
Blockchain has faced three main challenges which Starter has successfully solved with its innovations.
These are:
- Identifying the legitimate, high-potential projects in an ever-growing pool of countless startups
- Protecting investors from scams
- Providing enterprise-grade, scalable technology and interoperability
As a safeguard, all projects that conduct IDOs on Starter are curated and vetted by the community, ensuring objectivity and using systematic criteria to assess their quality.
The vetting looks at all relevant project activities - assessing tokenomics, marketing, the roadmap, and team history.
To prevent “rug-pulling” - when a project conducts fundraising and absconds with the funds provided by investors - after a raise on Starter, an IDO’s funds are locked in liquidity pools and vested to bring yield in $START and $VEST in a win-win scenario for the investors and projects.
Starter began on BSC, which works with Solidity, the programming language used by Ethereum.
That’s one of the reasons why the BSC platform has grown so fast, offering an alternative technology to ETH and the latter’s scalability impasses and high gas prices.
Starter consciously chose BSC to start its launchpad/integrator while targeting the bulk of DeFi on Ethereum, and then quickly added interoperability with four more major blockchain platforms - vastly increasing the accessibility, value, and user friendliness of individual projects and their offerings, beyond the potential locked on Ethereum.
To celebrate its first anniversary, Starter held a virtual birthday party and inaugurated a metaspace that will become an interactive digital meetingplace to enable community engagement.
Starter’s first native metaspace event is at 4pm on March 10, 2022 participants are invited to join the event here.
Access will be granted on a first come, first served basis five minutes before the event starts.
The interactive program agenda will cover how projects like Cake Monster and Project Oasis worked with Starter to strategize their successful IDOs, and what advice they have for peers.
WARNING: Nothing in this article should be read or understood to be financial and/or investment advice. Readers should take their own financial advice from a suitably qualified independent financial adviser before making any investment decisions.
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