coinquora.com
- Impossible Finance is launching the Initial DeFi Offering Launchpad.
- This launch will bring exciting new elements onto the platform.
- Along will the launch is the release of the IDIA token.
Impossible Finance is launching the Initial DeFi Offering Launchpad soon. This will mark the arrival of a core element of the Impossible Finance vision. The launch will introduce exciting new elements onto the platform.
In detail, the multi-chain DeFi incubator, launchpad, and swap platform is bringing targeted smart launch with this launch. Accompanying this new element is also a fair allocation mechanism based on KYC. Additionally, on-chain whitelisting and staking queues will also make an appearance.
With all these new elements together, the platform will maximize community engagement for all new projects by selecting the most dedicated contributors. As for the head of this project, it is flourishing under the hands of the expert — Calvin Chu.
Launchpads should be about helping grow projects to gain product adoption, not just simply sales of tokens. The strength of the community is what makes DeFi so powerful, and we’re excited to embark on this journey with the launch of our own IDIA token and launchpad to our community.
Formerly coming from Binance Research, Chu was watching over Binance Staking across 30 blockchains. Along with this, he was also supporting Binance Launchpad on selection, incubation, pre-launch advisory, post-launch support sets, and more.
Impossible Finance took into consideration that Decentralized Finance can be somewhat hard to grasp. Therefore, since the start, it has always made the easy-to-use UX/UI design a priority. By combining expertise from prominent crypto companies along with traditional hi-tech ideas they came up with a resolute interface that elevates all the benefits that DeFi has to offer.
Specifically, the platform offers fairer investing, cheaper trading, and a higher passive income to its investors. To emphasize, it does this by offering the same user-friendly design that consumers are familiar with by drawing from their favorite apps. Moreover, the brand will feature top-tier blockchain projects from several popular blockchains. To name a few, Binance Smart Chain, Ethereum, Polygon, Avalanche, Moonbeam, Solana, and more.
So far, the launch is set for release on August 10. Along with the Impossible Launchpad, we shall also see the release of the IDIA token. This token will act as the launchpad’s dedicated token. Users can use it for staking and earning allocations within future token launches.
Following this first IDO, the launchpad will bring promising launches for startups working with Non-Fungible Tokens, DEXs, and more. Thus, the Impossible Launchpad will be governed by the Impossible community and the IDIA token holders. This community will chart the course for the platform’s general development path and ensure that the platform remains highly curated.
Additionally, a system of automatic vesting for projects is also close to releasing. This venture is inspired by Vitalik Buterin’s DAICO model. It aims to reward teams for successfully delivering on their promise according to a well-defined and automated process.
Lastly, the brand is looking forward to launching the IDIA token. By doing so Chu hopes to usher in the standard of ‘scales, not sales’. The brand believes that the best way to make DeFi more accessible to a wider audience is to provide institutional-quality deal flow to the regular user.
Hence, the team will provide assistance and expertise to help offer useful products to the market while enlisting the Impossible community to guarantee a smooth launch and continuous success.