A Closer Look at Five Exciting IDO Launches
October 29 2021 - 7:54AM
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If there’s one major difference between the 2017 ICO boom and the
current IDO landscape, it’s that the latter is founded on
egalitarian principles such as community and inclusion. This
divergence is evident in the way IDOs (short for Initial DEX
Offering) reserve allocation for public supporters rather than
pump-and-dump speculators; indeed, participants must ‘qualify’ to
be included in such rounds. These criteria encompass engagement
levels and long-term support, meaning genuine stakeholders are
given favor over those who can execute the quickest transactions
with the highest amount of gas possible. In fact, one recent
analysis suggested that IDOs have the potential to eventually
replace IPOs as the primary means by which companies raise funds
and list publicly. While still early days, one thing’s for sure:
IDOs represents an incredible opportunity for investors to get in
on the ground floor of a promising project. From thousands of
active gamers pre-IDO to heavily oversubscribed whitelists, the
current crop of offerings includes a proven selection of teams and
concepts with the potential to disrupt the industry as a whole. In
no particular order, here are the top five upcoming IDOs based on
community, traction, excitement, and opportunity. 1. Swash Swash
aims to rebalance the $3 trillion data economy in a user-centric,
privacy-preserving way. Founded two years ago by a team of
blockchain and cybersecurity veterans, the venture allows
businesses, developers, and individuals to profit from a reimagined
collaborative ecosystem where enterprises gain access to
high-quality data at scale – and end-users regain ownership of
their valuable personal information. The whitelist for Swash’s IDO
recently closed at over 45,000 applications and the event commenced
on Gnosis Auction and will conclude the following day at 23:59:59
UTC. The platform’s native cross-chain utility and governance token
($SWASH) has various functions within the ecosystem, particularly
as a unit of exchange for buying and selling data and services. A
step-by-step guide to participating in the Swash IDO is available
here. 2. Ariadne Ariadne is a chain-agnostic DeFi marketplace
focused on reducing fees and eliminating friction in decentralized
finance. By reducing swapping and bridging costs for both EVM and
non-EVM chains – including Polygon, BSC, Ethereum, Aurora (NEAR) –
Ariadne makes it easier to take advantage of the various
opportunities available in this current bull market. With plans in
place to support additional networks early next year (Avalanche,
Fantom), the project could be a godsend for hassled DeFi traders
working across multiple chains. Ariadne’s IDO is being conducted on
the Impossible Launchpad, with a pool of 150,000 $ARDN tokens
allocated to both a standard and unlimited sale, around 1.2% of the
total supply. All the details – staking limits, vesting schedule,
etc – can be found here. 3. Pollen Another project with DeFi
improvement in its sights is Pollen, an asset management tool that
goes beyond yield farming and AMMs. Built around a
community-governed consensus layer, the dApp allows users to curate
custom asset pools that are continually recalibrated and optimized
based on market opportunities and conditions. The protocol’s native
token, meanwhile, represents a reward system that incentivizes
traders to actively create proposals to optimize portfolios for the
benefit of the community. Pollen is currently gearing up for its
$PLN token sale on November 8 via the Launchpool platform on BSC,
with the process ending nine days later on November 17. All the
pertinent details are available at the above link. 4. Pocket Arena
Pocket Arena is a project operating at the intersection of gaming
and DeFi – or gamefi, as it’s now commonly known. A mobile-first,
play-to-earn NFT games portal founded at the height of the original
ICO boom, Pocket Arena is backed by several major VC funds (Signum
Capital, Unanimous Capital) and is currently focused on promoting
Castle Defense, a skill-based medieval game wherein players wage
war, form guilds, buy and rent land plots, and earn tokens. The
Pocket Arena IDO will see 750K POC tokens made available. Appearing
on PAID Network’s Ignition Launchpad, the event gives supporters
the opportunity to pocket, as it were, the utility tokens required
to interact with the fast-growing NFT protocol. Following the
launch, there are plans to list POC on leading BSC-based DEX
PancakeSwap. 5. Good Games Guild Good Games Guild is another gamefi
project that’s turning heads in the cryptosphere. Combining
play-to-earn, rent-to-earn, and stake-to-earn incentive mechanisms,
the blockchain-based gaming hub aims to create the world’s largest
virtual world economy by generating value for players and NFT
collectors alike. A bold ambition, to be sure, but it’ll face
fierce competition in the years to come. Before it can even think
about world domination, GGG is gearing up to launch a Triple IDO on
Seedify, Ignition, and MoonStarter in early November. Collectively,
the IDO will help the platform raise $360,000, with 1.2 million
native tokens up for grabs. Backed by several high-profile VCs
(AU21 Capital, NGC Ventures), Good Games Guild is built on the
belief that “everyone can make a living from gaming.” Whether
that’s true or not, its IDO is destined to attract plenty of
attention.
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