IDO platforms from the beginning of 2021 until now have been continuously a gold mine for large, small and medium investors. The use case of using tokens is very practical (must hold a platform token to participate in IDO), and the huge ROI of IDO projects are the two factors that make IDO projects on all platforms extremely hot. Investors. In this article, you and I will learn about the most noticed IDO platforms on NEAR in 2022.
Skyward Finance is the NEAR Protocol’s first IDO platform, making it simple for new enterprises to raise funds from the community. Skyward Finance offers a decentralized Streaming Time-based Auction mechanism to help the project’s token reach the community.
Skyward Finance’s mission is to develop decentralized methods for initial price discovery and token distribution via Streaming Time-based Auction that can be accessed by common investors and are resistant to attacks. front-runner attacks, pricing manipulation, and phishing attempts are all examples of front-runner attacks. Skyward Finance will issue a token that will allow members of the community to participate in the platform and share in the revenue.
Streaming Time-based Auction
Skyward Finance runs on a continual auction system, unlike other IDO programs. Over a period of time, the sale will be split into multiple separate auctions. Instead of releasing 90% of SKYWARD tokens to the public at once, which could result in a significant increase in selling pressure, Skyward Finance has been split into six auctions with different ratios (25%, 20%, 15%, 10%, 10%, 10%)
Projects can avoid massive selling pressure if they aim to sell 90% of the whole supply all at once this way. Furthermore, pre-run attacks, impersonation attacks, and price manipulation are no longer possible because the number of tokens sold every batch is confirmed per block and the sale finishes when it does.
No need to hold SKYWARD to join IDO
Participants will not need to hold SKYWARD to participate in the token sale. Users only need to stake the input asset (NEAR in most cases) to join and can leave the transaction at any time by withdrawing.
SKYWARD redemption mechanism
The owner’s share in the Skyward Finance Treasury is represented by SKYWARD and users can use it to claim a portion of the Treasury. After being used to purchase tokens, SKYWARD will be burned from the overall supply. As a result, as more SKYWARD users purchase tokens, the market for SKYWARD shrinks.
Treasury fees receive a 1% fee from each sale
Treasury will be paid 1% of total output + 1% of total input in fees, and this will be one of the main sources of revenue for Treasury, or in other words, SKYWARD holders. Finally, the more projects that join and interact with Skyward Finance, the more SKYWARD holders will benefit.
Get SKYWARD through a referral fee-based structure
Users will get SKYWARD by inviting their friends to participate in Skyward Sales through your referral link. Both the user and their friends will pay 0.5% each from each referral pool. The more SKYWARD a user’s friend buys, the more rewards they get.
The SKYWARD token is used for the following purposes in the project:
Boca Chica is a “next-generation” IDO platform built on the Solana blockchain to promote the benefits of the platform. The concept provides a secure environment for both retail investors and investment funds to generate funds.
The HAPI team created Boca Chica, which was connected with the Solana blockchain to build an IDO platform. When the project is connected with the HAPI module, security will be strengthened because it is supported by HAPI – a security solution at the core of smart contracts.
IDO platforms are available in two versions in Bocachica. On Solana, the first platform is “To the Moon,” which supports IDOs. “To the Mars,” the second and more active platform, serves IDO projects on NEAR.
Despite the fact that the ‘To the Moon’ platform was the first, there were few IDO initiatives on it. ‘To the moon’ has only had three IDO projects so far. And up to 23 rounds of IDO have been accomplished on ‘To the Mars.’
Currently, CHICA Token still has no use-case
SmartPad is a cross-chain launchpad, B2B ecosystem that provides solutions to existing problems of other launchpad platforms. SmartPad gives startups the flexibility to raise capital in a decentralized manner across various blockchains. The goal of this project is to reduce the dependence of startups on a single chain while promoting the cross-chain economy with new innovations.
PAD token is Utility and Governance token is used to:
NearPAD is an IDO Platform on Near Protocol, working with the purpose of providing access to crowdfunding through the sale of project tokens for projects, and at the same time making it easier to split tokens.
Currently, NearPAD is the only IDO Platform project on NEAR that has the same operating method as prominent IDO Platforms on other ecosystems, such as Polkastarter (POLS), Solstarter (SOS), Cardstarter (CARDS),… and the IDO model has proven effective in the past, so it is possible that following the IDO model that is familiar to users will bring high efficiency to the project.
IDO platforms play a very important role in the development of an ecosystem. IDO is where projects can call for capital to develop. So more IDO platforms on one network with fewer barriers to entry. The easier it is for that ecosystem to attract developers.
The information provided here is about the greatest and safest IDO Platforms on NEAR. Choosing the right IDO platform will provide you with a plethora of lucrative investment opportunities at exceptionally minimal rates.
Find more information about:NEAR
Website:https://near.org/
Skyward Finance:https://skyward.finance/
Bocachica:https://bocachica.io/
SmartPad:https://smartpad.network/
NearPad:https://pad.fi/
If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.
DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do
your own research before investing.
Ken.N
Coincu Ventures
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