Press Release

Genesis Pool, also known as GPool, is one of a handful of projects pioneering the growth and development in the crypto decentralized finance sector by challenging the business practices of its peers, disrupting their outdated methods and redefining what can be offered to the retail investor through a decentralized launchpad.

What is the health of the launchpad sector?

Launchpads, where retail investors are able to participate in initial DEX offerings, have become increasingly popular and there are now over 60 such projects spread across every network. Nearly all of these launchpads offer a very similar model of investing that has left their investment community frustrated with:

  • Complicated investment tiers
  • Lottery whitelistings and small token allocations
  • IDOs that pump and dump on launching

GPool will put retail investors at the heart of its operation

GPool highlighted the fact that so many launchpads only offer 1% of their project’s tokens to their communities. This leads to investors never getting whitelisted, poor allocations and large whale wallets that pump and dump.

GPool will work with projects from an early stage, securing a much larger token allocation for its investors and will be able to offer larger, guaranteed token allocations to all its whitelisted investors.

GPool strongly believes in the principle that more tokens should be allocated to its community of investors and therefore a whopping 67% of the total tokens being minted in its IDO will be allocated to investors who have gained whitelisting, with no vesting period after 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. The target raise is only $1.27 million, giving GPool plenty of room for growth.

The GPool ecosystem 

GPool is actively working on the following features to help build a decentralized and community-driven ecosystem that will reward and profit its loyal investors.

The Genesis staking pool

A single-sided multi-token staking pool that will reflect the diversity of the projects it launches. The pool will initially be funded with 2% of GPool tokens and all projects that launch their IDOs through GPool will allocate 0.2% to 2% of their tokens to the staking pool.

The Genesis Pass

To reward its most loyal investors, GPool will introduce the Genesis Pass (GPass), a reward scheme that will give increasing benefits to investors who hold and stake their GPool tokens. Automatic gold GPasses will be given to those investors joining GPool at its inception.

The GPass will have three levels, namely gold, silver and bronze, and the benefits will be as follows:

Partnerships and project launch announcements

Glitch Finance, a blockchain-based operating system built for money market decentralized financial activity, announced that GPool is the first recipient of its newly introduced Glitch Grants Program

This $50,000 grant will commence a strong working relationship between these two fast-growing DeFi projects and would make GPool the preferred launchpad platform for the Glitch blockchain.

The grant will also include 50,000 Glitch (GLCH) tokens allocated to the Genesis staking pool and all Glitch holders will automatically be given a whitelisted place and the gold GPass.

GPool also announced that it will be ready to launch the IDOs of four projects immediately after its own launch, ensuring that there will be a healthy deal flow of projects for investors to choose from.

Token bridge 

GPool will work in conjunction with the Glitch team to create a bridge that stands in line with its vision of complete interoperability and facilitating raises for DeFi projects across all existing blockchains. 

$20,000 Olympics competition

The GPool Olympics competition is currently running until Aug. 20, finishing just prior to GPool’s IDO launch date and consists of 10 events that will test its community’s creativity, imagination and popularity.

Each event will have three winners that will receive either a gold medal with $1,000 allocation of GPool tokens, silver with a $700 allocation or bronze with a $300 allocation. That’s a total of $20,000 worth of GPool tokens to be given away for free with no vesting period.

For further information on how to enter, read GPool’s detailed Medium article.

How can investors whitelist into GPool’s IDO?

For those interested in investing in GPool and would like to take a whitelisted place in GPool’s upcoming IDO that will commence from the week of Aug. 23, please register your email on GPool’s website and follow its convenient guide to getting whitelisted here.

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