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Launchpads came as a solution to mitigate the problems experienced in the DeFi sector. It’s becoming increasingly challenging for crypto projects to get into the mainstream spotlight. Launchpads act like a liquidity pool for projects. They are designed to assist upcoming projects gain exposure, garner crowdfunds and attract investors from various communities.
Fundraising platform for DeFi projects AEGIS Launchpad has announced a date for its Initial DEX Offering. The new company revealed that it would hold its public sale on October 12, 2021, at 4:00 PM UTC to raise funds to expand its operations and add more product features. This news comes after the company concluded its private sale fund that raised a total of $200,000.
The company will unveil its native token $AEGIS on the day of its IDO launch. According to its team, traders would be able to purchase the token, trade it for our cryptos, and stake the assets. In addition, coin holder’s can participate in upcoming IDOs and vote for different decisions, including deciding the fees, helping to vet DeFi projects, etc. Users can do this regardless of the amount of $AEGIS in their possession.
AEGIS Helps to Break the Conventional Tiered Allocation System
AEGIS is the first launchpad to feature innovative cross-chain functionality and an insurance system, whereby investors’ funds are safeguarded against hacks and theft. The platform ensures that fundraising across BNB, Polygon, Ethereum, etc. is facilitated. It enables DeFi projects to raise enough funds from investors across different crypto communities on the platform.
