As promising as the notion of subscribing to an initial decentralized exchange offering (IDO) is at first glance, there is always more than meets the eye. Even some of the most popular launchpads have often left their early investors with crumbs as whale wallets dump their holdings after incredibly short vesting periods.
Genesis Pool (GPool) is a community-led cross-chain launchpad that claims to have found the solution to the failings of the current launchpad model. By creating a democratic platform that puts more tokens in the hands of their investors, GPool aims to create a scenario where retail investors can truly be seed investors.
The conventional launchpad model typically involves complex tier systems and insufficient IDO token allocations. Even if an investor does manage to access his desired amount of tokens, selling pressure from whales often sends the token's price into a state of decline soon after the launch. GPool has resolved to fix these issues by simplifying this process and creating a more fair allocation of tokens.
For starters, investors that buy into the launchpad at a reasonable initial investment are guaranteed an allocation of presale tokens. GPool has also eliminated the tier system entirely, making all participants equal investors with equal voting rights.
An IDO for the retail investor
In line with the belief that the community of retail investors should be the heart of the operation, GPool allocated 67% of tokens minted in its own IDO to whitelisted investors without subjecting them to a vesting period post-launch.
“This will be the most generous allocation of tokens in a launchpad IDO (there will be no seed or private investment) and individual allocations will range from $500 to $1,000,” said the project at the time.
Not long after, GPool reported that its IDO had been oversubscribed, and it had successfully raised a total of $1.27 million. The price of GPool’s native token has now risen by over 531% in a week, compared to its initial launch price of $0.0038, further boosting the confidence of its early followers.
Preparing for take-off
GPool’s first token listing, DePo, went successful and is now live on the launchpad. The company plans to host three IDOs in general and is about to start its second offering listing called Transient. The expected start date is Sept. 29, with a target raise of $1,200,000 million.
Transient is a decentralized ecosystem, or as the company calls is “The Amazon of Smart Contracts,” with the aim to promote blockchain adoption worldwide for non-coders. Gpool plans to integrate with Omniscia, a smart contract audits and development platform, to “execute Transient’s mission.”
If the project does end up being a vital part of the crypto ecosystem, the GPool’s community of investors then stand to gain significantly if they have a reasonable allocation of tokens – a scenario that GPool’s founders feel strongly about seeing through.
“We negotiate with projects early on and encourage them to give out the majority of their token allocations to the community to ensure no pump and dump and give more control in the hands of the community members that really believe in the project,” said GPool.
Within the next few months, GPool plans to grow its community-driven ecosystem by including a number of new features. These include a single-sided multi-token staking pool (Genesis staking pool), a rewards program for loyal investors (GPass) and even a token bridge in collaboration with Glitch Finance that will make the platform completely interoperable.
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