Launchpool was created with an egalitarian philosophy, believing that every stakeholder in a project brings value, and therefore no one should be harmed. The pool has put in place a regulatory mechanism to fight against the domination of whales.
Launchpool is a group of crypto investors pooling their resources to launch projects.
Each investor contributes a portion of their investment stream to the Launchpool community at the same price and under the same vesting conditions.
Everyone is put on an equal footing and receives the same incentive to see a project develop.
Launchpool is currently made up of the following funds: Alphabit, Alpha Sigma Capital, FBG, GBIC, Jen Capital, Master Ventures, and A195 Capital.
To enter the Launchpool ecosystem, each investor must staker the LaunchPool Token (LPOOL). Staking makes it possible to obtain an equivalent percentage of tokens offered by the project.
Launchpool has limited the total number of tokens staked per wallet to 2,500 USD, thus allowing more investors to buy LPTs, and to better distribute the potential gains, avoiding a concentration of LPT in the hands of a few whales.
Launchpool opened staking to the public on February 15, 2021. Distribution of LPT tokens will start on February 22, 2021 (tomorrow). 25% of the LPT tokens will be distributed initially to support the launch of the community. The total supply of LPT would amount to 10 million tokens.
The protocol has nothing to do with Binance.
The only downside is the price of gas from the ETH blockchain. The $ LPOOL is promising.
