A Cardano-based decentralized exchange, Minswap, has revealed that it has completed a maintenance mode which has helped the protocol fix a major vulnerability that could have led to a huge amount of loss for the team. According to a blog post published by the team, they were first alerted to the vulnerability on March 22
I first heard of Alchemix through an acquaintance when I was bemoaning about how I am rubbish at making money from crypto. What caught my attention about Alchemix was: self-paying loans. That was the magic phrase. My ears shot up like rabbits upon hearing the sound of a predator coming. So many questions followed. Of […]
March 8, 2022– Bashoswap, a Cardano-based project, announces the launch of the development of its innovative features as the ecosystem begins the private sale of its native token $BASH. Bashoswap intends to provide an IDO launchpad and a decentralized exchange platform to help link Cardano developers and early community members of the ecosystem, allowing for pooled …
The Chainalysis analytics company launched sanctions screening tools for NFTs and DEFI which will help decentralized projects to improve their tracking possibilities as we can see more in today’s latest crypto news. Chainalysis analytics company announced the launch of two new tools that will make it easier to screen crypto wallets for sanctions compliance. The […]
With the current growth of the Decentralized Finance (DeFi) space, it is pretty difficult to imagine a crypto world without DeFi. At the time of writing this line, there were over 500 DeFi protocols in the market, and the number is expected to rise as the DeFi space continues to flourish. Most of these projects […]
The global coin market has been under turbulence for a brief period of time. And the torments of digital assets from the crypto directory find no ends meet. The state of market leaders Bitcoin and Ethereum has been deteriorating, as these remain the first to bear the brunt. Successively, the largest altcoin Ethereum continues to …
March 9, 2022, 8:00 am ET Starter.xyz (https://starter.xyz), the leading IDO launchpad, incubator and investor network, which has raised over $40 million in seed, private and public rounds for 50+ projects across multiple blockchains, is celebrating its first anniversary. Starter.xyz is natively deployed on multiple top blockchain platforms: 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. As such, it's a key resource for both investors and startups. Key innovations it has introduced at record speed: Vetting, Investor Protection and Interoperability.
Within less than one year of its launch, 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 (53.3x ATH). How does a startup achieve that kind of result so fast?
Starter's COO, Suvi Rinkinen, observed: “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, thus vastly increasing the accessibility, value, and user friendliness of individual projects and their offerings, beyond the potential locked on Ethereum.
In response to solving these key challenges, Starter has seen considerable traction early on. Within its first year, it has completed 50+ in sales (seed, private, IDO), some of which sold out in seconds, raised $40M+ for hosted projects, created an incubator fund amounting to $17M+ in assets under management, and has almost 160 projects using their Liquidity Locking Service, StartVesting.xyz, which has over $40M TVL. Starter incubated and created the popular, Tamagochi-inspired PlayToEarn game, “Starchi”, offering revolutionary staking opportunities with up to 898% APY. As a result of Starter's early success, a second launchpad is in the making and soon to be announced.
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, live since March 1, 2022. As this short film shows, the forum will enable a new kind of virtual community interaction, inviting viewers to discuss everything from tokenomics to governance and new trends in digital assets. The kickoff is Starter's first native metaspace event at 11:00 am ET on March 10th, 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.
Starter (https://starter.xyz) is the leading IDO launchpad, incubator, and investor network for $MATIC, $ETH, $AVAX, $FTM, and #BSC, having raised over $40M for 50+ projects, including Cake Monster, WallStreetBets, Nasdex, and Enjinstarter. Starter provides projects access to funding opportunities without the hassle of bureaucratic hurdles or complex KYC requirements. Starter's suite of products include a venture arm Starter.capital, launchpad Starter.xyz, token vesting and liquidity locking StartVesting.xyz, and play-to-earn game Starchi.gg.