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Swap platform, launchpad, and DeFi incubator Impossible Finance is launching a critical element of its vision today, the Initial DeFi Offering Launchpad, Invezz learned from a press release. The project is carried out under the supervision of expert Calvin Chu, who supported the No. 1 global crypto exchange Binance’s launchpad through selection, incubation, pre-launch advisory, and post-launch support. He also led Binance Staking across 30 blockchains.
Targeted smart launch
The KYC-based fair allocation mechanism is a distinguishing element of Impossible Finance’s Launchpad. This targeted smart launch is also based on staking queues and on-chain whitelisting. By accepting only the biggest contributors, the mechanism maximizes community engagement for new projects.
Top-tier projects from the most popular blockchains
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Among the blockchain projects Impossible Finance will feature are Solana (SOL/USD), Ethereum (ETH/USD), Moonbeam, Polygon (MATIC/USD), and more. The swap platform also plans to release a system of automatic vesting for the projects, which will reward teams for making good on their promise according to an automated, well-defined process. IDIA token holders and the platform’s community will govern the impossible launchpad as well as make sure it stays curated and set its general development path.
Launch will happen with IDIA token release
The Impossible Launchpad will be released together with a dedicated token, which serves the purposes of staking and earning allocations within future token launches.
Calvin Chu commented on the occasion:
“Impossible is excited to launch its IDIA token on its own Impossible Launchpad, and usher in the standard of ‘scales, not sales. 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.”
According to Impossible Finance, providing regular users with institutional grade deal flow is the most optimal way to make DeFi more accessible to a wider audience. The platform’s team will enlist the community to ensure a smooth launch. For its part, the team will provide expertise and assistance to help offer useful products to the market.