Aug. 20, 2021 — Instaraise, the pioneering decentralized initial DEX offering launchpad and incubation platform on the Tezos ecosystem, announced the upcoming public sale of its native INSTA tokens. The INSTA public sale is scheduled to begin days after its latest presale on Aug. 20, 2021, which was sold out within 90 minutes of its launch.
Created by a team of experts led by co-founders Dibyo Majumder, CEO of Instaraise, and Aditya Gautam, chief technology officer of Instaraise, the Instaraise protocol is a significant step toward creating a truly interoperable decentralized finance ecosystem. As a completely decentralized fundraising and incubation platform, Instaraise empowers DeFi projects to raise the necessary capital while cultivating a strong community at the same time. Meanwhile, it also enables retail investors and potential users to gain early access to investment deals in vetted projects.
All projects listed on the Instaraise IDO launchpad and incubation platform are Know Your Customer-compliant and subject to stringent due diligence. In addition, these projects receive fundraising and marketing assistance from the platform, enabling them to leverage its vast investor outreach capabilities and a strong Instaraise community to meet their capital requirements. On the other hand, projects not part of the launchpad and incubation program can utilize the platform’s IDO infrastructure to host their own token sales.
By providing easy access to fundraising infrastructure and capital for Tezos-based blockchain projects, Instaraise not only presents Tezos as a viable option for all DeFi-related needs but also drives more liquidity into the underappreciated blockchain protocol.
Instaraise’s mission to empower DeFi projects and ultimately position Tezos as a competent blockchain infrastructure for DeFi applications is backed by marquee investors such as Twin Apex, BlockOG Capital, Roundtable DAO, CCIX, Tokenonva, Vivian Capital, Atlas Fund, Maximus Capital and angel investor Ajeet Khurana. Instaraise has raised over $1 million through seed and private rounds to date, with more expected from the community as the platform concludes the presale and upcoming public sale rounds.
Instaraise is supported by the Tezos Foundation and has three leading names from the DeFi industry as its advisors: Sandeep Sangli, CEO of Kalamint; Audric Lucini, chief marketing officer at FlameDeFi; and Jignesh Vasoya, chief technology officer of Nord Finance.
Acknowledging all the support received so far from the Tezos and a much larger crypto community, Majumder said:
“The Tezos ecosystem has been duly supportive from our early days and we pledge to empower more and more projects in the ecosystem to build for the future and bring more innovative products to Tezos.”
INSTA public sale
The membership utility token of the Instaraise platform, INSTA, enables holders to access various IDO launchpad and incubation platform features. Apart from its utility when listing a project on the platform, INSTA token holdings also determine allocations in token sale rounds for investors and grant exclusive access to restricted IDOs.
The INSTA presale held on Aug. 20 witnessed many new investors joining the Tezos ecosystem. More than 20 participants who never used Tezos earlier purchased more than $30,000 worth of INSTA along with other community members to conclude the token presale within the first 90 minutes of launch.
Majumder said:
“We launched our community presale event on Aug. 20, which was supported to go on till Aug. 22. But surprisingly, the entire allocation pool was sold out within the first 90 minutes. It is a great achievement, given that our IDO is almost here in a few weeks. Our Samurais (ambassadors and investors) played a huge role in its success by promoting and spreading awareness about Instaraise and the token sale.”
Instaraise expects more first-time participants in the Tezos ecosystem to join the upcoming public sale. Meanwhile, new projects have already lined up for launch on the Instaraise platform even before the IDO.
Gautam said:
“There is no doubt that Instaraise is going to lead the DeFi wave on Tezos. Our gamification and partnership are going to bring a lot of utility to the INSTA token thus incentivizing every investor along with early participation in the new projects.”
The INSTA public sale is tentatively scheduled for Sept. 3, 2021, on Instaraise.
About Instaraise
Instaraise is the first-ever decentralized IDO platform on Tezos that empowers projects by distributing tokens via auctions. The platform enables projects to raise capital in a decentralized and interoperable environment.
Learn more about Instaraise at its website.
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Read Instaraise’s blog on Medium.
Media contact
Name: Dibyo Majumder
Designation: CEO and co-founder
Email: dibyo@instaraise.io