RichQUACK.com Listing on GATE.io: The Beginning of Duck Era!

RichQUACK / QUACK is gaining massive traction worldwide. RichQUACK has just reached a peak of $175Million Market Cap. Crazy as it sounds, it was just sitting at less than $4m market cap 30 days ago. Telegram Group went up from only 13,000 members to 60k members in just a week. RichQUACK is currently trending worldwide and people are lining up to buy them. Transaction Volume is getting crazy and we can see a lot of 100, 200bnbs buy.

Please Note: This is a Sponsored Article

If you bought 10BNB of QUACK last month, you would have 450BNB by now. 4500% Gain in A month. We can see many people got wealthy holding QUACK and they seem to post their gains or brag about them to their relatives and friends creating this massive snowball effect.

After the massive increase, Gate.io suddenly announced $QUACK Listing on Gate.io. They also prepared a great airdrop for gate.io users. A $120,000 worth of QUACK will be airdropped to users on Gate.io.

(1) Duration: 3:00AM 4th November, 2021 – 3:00AM 5th November, 2021 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)

(2) Trading starts time: 12:00PM 5th November, 2021 (UTC)

Trading pairs: QUACK/USDT

(3) Price: 0 USDT(Secondary Marketing Price: $0.000000002614)

(4)Startup Supply : 38,255,547,054,300 QUACK

(5) Users purchase using USDT.

(6) Unlock rule: 100% unlock.

(7) To participate in Startup Sale, users will need to be VIP1 and above, can only purchase once with each KYC account.

What is RichQUACK? What is so special about RichQUACK?

RichQUACK aims to pay out rewards to holders by “frictionless yield generation”. Holders do not need to stake or wait for fees to be delivered. Fees are awarded by the smart contract and are immediately reflected in the holder’s balance.

Rich Quack’s goal is to provide its holders with a chance to make money, by investing, building, holding and winning. To do so, building a community of people that are ready to work hard and contribute towards that goal is a priority. The project aims to become the future of a safe and secure investing and fundraising platform, where you can also win a jackpot raffle for holding, and play lotto that pays out every hour, day, week and month.

The unique feature of Rich Quack appears to be in its launchpad, which they claim will be the future of safe and secure investment. Platform is scheduled for release in End of Q4 2021. This would give QUACK a distinguishing feature compared to other meme coins and could drive price appreciation in the future. Quack also announced working with a company that has 60+ developers and have successfully launched more than 250+ projects. To be eligible for Guaranteed Allocation of QUACKPad projects, QUACK holders would be required to stake at least 3.5 Trillion $QUACK. RichQUACK will have a Tiers system where the more $QUACK you have, the more you can invest on new projects.

QUACK community members that Stake at least 1 T QUACK will be eligible to Vote “Yes” or “No” on whether a Project will proceed to the Presale. Projects who only want to use the Launchpad part without prior seed funding and incubation, can do so by applying, and winning the community votes.

QUACK token holders can Stake their tokens on QUACK Staking to gain access to the platform and earn rewards. Staking higher amounts of QUACK gives holders increased access and even greater rewards.

Many people believe that the RichQUACK token is still undervalued right now, and once their product is ready, $QUACK will explode. We can see it from the activity level of their community and also their social media. It’s crazy how a small market cap token can have that high level of engagement.

The difference why RichQUACK is preferred by people over $Shib and $Doge is it’s Small Market Cap compared to Shib and Doge which have reached billions of dollars in Market Cap. Smaller Market Cap means there is so much more room to grow, so many zeroes to conquer, so many new millionaires to be born.

Here is the current growth of RichQUACK:


Here are the lists of other Richquack Ongoing Community Event (DYOR, Not Financial Advice):

  1. 55Trillion $QUACK CMC Airdrop Campaign ($50k Value Airdrop Just ENDED)
  2. 10 Trillion $QUACK Raffle (Current Value $21,000 for holders, simple rules to join, just need to buy $QUACK and no sell order for a week)
  3. Top 10 Most active users on Telegram get 1Billion $QUACK Each DAILY
  4. Top 10 Most invites on Discord get 1Billion $QUACK Each DAILY
  5. Poker Tournament 31st October. 1Trillion $QUACK Prize (Worth $2,100), Winner Takes All. FREE TO JOIN FOR HOLDERS (ENDED)
  6. Tesla Model 3 Giveaway! Join their Telegram Group and ask there to know how

Here are some more infos about QUACK / Richquack.com

Important Note: There have been reports of scammers approaching companies via Telegram, LinkedIn and Other Social platforms purporting to represent Blockonomi and offer advertising offers. We will never approach anyone directly. Please always make contact with us via our contact page here.

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Polygen Raises $2.3 Million For its Truly Decentralized and Pro-Project Launchpad

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Polygen, the world’s first truly decentralized launchpad without gatekeepers, has raised $2.3 million through an investment round. Polygen differentiates itself from the dime-a-dozen launchpads active in the industry today by letting anyone launch a project.

A permissionless launchpad to fund innovation and without fees can change this industry for the better.

Polygen provides a breath of fresh air in the world of blockchain launchpads. Current solutions all foster innovation on a specific blockchain, but they also look and operate the same. Fueling innovation in this industry requires the removal of all intermediaries and gatekeepers. Additionally, there is a need for more transparency, automated processes, and post-launch support.

The approach by Polygen has attracted significant investor interest. The project has raised $2.3 million in funding from many high-profile investors. The lead investor is  SL2 Capital  followed by 18 Ventures, Twin Apex Capital, AU21, Polygon Syndicate, Axiom, ZBS Capital, and Pluto. Other participants include Iconomy, Insignius Capital, NetZero Capital, Maven Capital , Woodstock Capital Fund LLP, Sky Man Ventures, Lumos labs, Moonboots Capital, Storna Finance, Extra Watts, LD Ventures, Keys Investment, LucidBlue Ventures, Biconomy, GSR, and Amplio Capital.

An Insignius Capital representative comments:


“Insignius Capital is excited to embark upon this journey with Polygen. The current lack of transparency and decentralization shouldn’t be the norm for launchpads.  As such, we are committed to supporting Polygen in bringing decentralization and efficiency back to the launchpad sphere. We look forward to a positive collaboration with the highly regarded Polygen team.”

In the blockchain space, projects should not bow to the demands and interests of those who run the launchpad. Instead, it should be the other way round: the project and investors’ interests must be the number one priority. Polygen acknowledges this facet and removes the permissioned gatekeeper approach from the equation. As a result, its technology can be the Uniswap of launchpads, providing unparalleled and democratized access to launchpad services.

Through a truly decentralized approach, Polygen can help any project. For example, developers can list their projects and use event-based raise tokens rather than permanent tokens. That is a novel approach capable of suiting any project round model: seed, private, or public funding. Additionally, one can connect the different rounds to ensure people who believe in a project get the associated tokens.

Polygen’s primary selling point is how every step of the launchpad process occurs on-chain for optimal transparency. Additionally, the launchpad supports any type of raise, with tokens distributed to those who believe in a project. Finally, as any team or developer can list their venture, there will be broader access to potential investment opportunities, innovation, and competition. More importantly, it addresses the need for innovation and experimentation.



Polygen CEO, Mike Hepburn, comments:

“I am extremely excited to be part of the Polygen team.  Our industry-first, decentralized launchpad with no gatekeepers, is generating a lot of excitement in the crypto ecosystem. Furthermore, I believe Polygen represents a step-change in launchpad fundraising with Projects able to raise funds with complete freedom to innovate and experiment.”

Polygen is the first truly decentralized launchpad where anyone can launch their project with no gatekeepers and are free to innovate and experiment.

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Impossible Finance to Feature OpenSwap as First Launchpad Project

Impossible Finance, a multi-chain incubator, launchpad, and swap platform today announced that OpenSwap would be the first project featured on its newly-developed launchpad.

Impossible Finance Launchpad to Feature OpenSwap

OpenSwap, an integrated decentralized finance (DeFi) Hub that is committed to becoming an inter-chain, decentralized liquidity booster for traders will undergo a ‘targeted smart launch’ and benefit from Impossible Finance’s highly-awaited Initial DeFi Offering Launchpad.

Notably, this latest announcement from Impossible Finance follows its fresh strategic partnership with OpenSwap.

Commenting on the development, Calvin Chu, Council Member, and Core Buidler, Impossible Finance, said:

“OpenSwap is a godsend for DeFi traders, enabling them to access best pricing and multiple liquidity aggregation functionalities that are at the cutting edge of the industry. We’re thrilled to back the ultra-talented OpenSwap team, and to showcase what they have to offer via our multi-chain launchpad.”

It is worth highlighting the launch of Impossible Finance’s launchpad coincides with the release of the IDIA token which would function as the platform’s native token for the purposes of staking and earning allocations within token launches.

What’s more, the IDO staking was an unparalleled success with the total committed staked capital eclipsing the $1 million figure with 5 minutes of opening. It reached an all-time high of $5.3 million afterward.

Unsurprisingly, the event was 22x oversubscribed and witnessed participation from more than 2,400 KYC’d users.

Impossible Finance Committed to Empower Customers

Impossible Finance’s newly launched launchpad is inspired by Ethereum co-founder Vitalik Buterin’s DAICO design. It aims to aid project teams by targetting engaged audiences instead of those that are prone to pump-and-dump practices.

Among other resources, projects that launch on Impossible Finance’s launchpad can benefit from a ready investor network, incubators, hackathons, and other builder networks.

Further, it is ensured that fair allocations are made via KYC, on-chain whitelisting, BR Capital, and Prime Block.

Impossible Finance’s team boasts of several Ex-Binance and DeFi stalwarts including Calvin Chu from Binance Research. For the uninitiated, Calvin has been a major force at the helm of Binance Launchpad and has played a key role in the selection, incubation, and pre/post launch advisory of reputed projects such as Polygon (MATIC), Elrond, Axie Infinity, and Harmony.

As for OpenSwap, the decentralized liquidity booster recently raised $1 million through a strategic funding round which witnessed participation from a wide range of top-tier VC funds such as Coin98 Ventures, NGC Ventures, BR Capital, and Prime Block.

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To ICO or to IDO? That is the question

Initial DEX offerings are the new initial coin offerings. So, what’s the difference between an IDO and an ICO, other than that one letter? 

A lot actually. 

In some ways, ICOs and IDOs have more in common with each other than they do with initial exchange offerings, which have more than a few features of the traditional initial public offering of stock markets.

While IDOs and IEOs are both listed directly on exchanges — decentralized exchanges, or DEXs, in the case of the former and centralized exchanges for the latter — IDOs are very much a do-it-yourself process like ICOs. 

One big difference between IDOs and ICOs is the amount of money raised. No one sees a 10-figure IDO matching Block.one’s $4 billion ICO or Telegram’s $1.7 billion raise anytime soon. 

Those ICOs also showed the power of the SEC, which generally went easy on companies willing to pay fines and issue mea culpas. Block.one‚ which raised $4 billion, paid a comparatively paltry $24 million fine. Telegram, which fought the SEC, ended up returning $1.2 billion of the $1.7 billion raised and shutting down its TON blockchain.

IEOs, on the other hand, are controlled by exchanges, which act in many ways like the underwriters — middlemen — which lead companies going public on the NYSE or Nasdaq through the process. In IEOs, centralized exchanges like Binance Launchpad and Huobi Prime vet the issuers, provide regulatory and know-your-customer (KYC) and anti-money-laundering (AML) services, and market the sales — for which they charge an arm and a leg. Unlike underwriters, crypto exchanges do not buy out and resell the tokens — in fact, more than a few IEO sales fail, despite the cost.

IDO versus ICO

In both the IDO and the ICO, the token-issuer pays no direct fees to middlemen, which is much more in line with the peer-to-peer ethos of Bitcoin and its successors. That said, IDO launchpads like Polkastarter and Binance Launchpad are changing that as they become more common, but don’t have nearly the cost and control of centralized IEOs

However, every IDO and ICO issuer is responsible for its own marketing, and each must create the smart contract used to sell tokens — including arranging any audits — and carry out its own legal vetting. This likely includes outsourcing AML and KYC compliance, as well as general securities offering registration requirements. 

Then there’s the matter of the tokens. ICO tokens are often minted after the sale, which takes place on the company’s website. That comes with a big cost, as the issuer needs an exchange listing, preferably a top centralized exchange. That can reportedly cost anywhere from $100,000 to several million dollars — which removes a significant downside to IEOs, in which the listing cost is built into the fees.

A benefit of IDOs is that, by their nature, the token is immediately listed on the decentralized exchange on which the offering occurred. That said, despite the decentralized finance (DeFi) boom, even top DEXs like Uniswap or PancakeSwap have far less liquidity than the top centralized exchanges, and tend to be more difficult to use, which can keep some potential buyers away.

One thing that IDOs and ICOs do share is that they rely on knowledgeable community activists to vet the offerings, which either builds community and provides true decentralization, or is a serious Achilles’ heel that leaves prospective buyers short on information, depending on your perspective.

The ICO/IDO debate also has a fairness issue. IDOs shares are immediately tradable — there’s actually no way to impose the lock-up periods frequently used by ICOs. ICOs often offer insiders and early investors favorable terms that aren’t available to regular buyers. That’s not doable in the confines of a smart contract controlled IDO. 

Which isn’t to say IDOs haven’t had their glitches — DeFi lending platform bZx’s mid-2020 Uniswap IDO was dominated by bots that beat every other would-be buyer and jacked prices up before dumping. The DeFi launchpads handle that by limiting buyers to a pre-approved whitelist with a strict per-buyer maximum. But to get whitelisted, buyers must own and hold the launchpad’s native token. 

The benefits of DeFi-ance

That doesn’t change the reality that hot IDOs tend to sell out in seconds. In April, OccamRazer, an IDO launchpad for the decentralized Cardano protocol showed off its chops by holding a hugely successful IDO of its own, selling 200,000 OCC tokens in just 20 seconds. Like many popular IDOs, it was massively oversubscribed, leaving the vast majority of the 150,000 would-be buyers out of luck. 

While IDOs are largely being used by DeFi projects, nothing is stopping centralized crypto companies from taking advantage of their advantages in cost and time — the process is a lot less intensive, making IDOs perfect for small companies.

One non-DeFi company that’s going the IDO route is Estonia-based CoinsPaid, a business-to-business crypto payments solutions company that offers a number of products. Most notable is Cryptoprocessing by CoinsPaid, a white label-ready cryptocurrency payments gateway that accepts more than 30 coins and 20 fiat currencies, promising the best exchange rates. Its ecosystem also includes an institution-focused exchange and OTC desk, cryptoprocessing, and B-to-B and B-to-C hot wallets audited by Kaspersky Lab and 10Guards, and a cryptocurrency explorer. 

Saying that security is a key in all of its offerings, Kaspersky-certified CoinsPaid noted that its business quintupled in 2020, giving it a 5% share of all global on-chain Bitcoin transactions. 

A top global cryptoprocessing company, CoinsPaid was crowned Payment Provider of the Year at the AIBC Dubai show last month. Having secured its position in the payments niche, the fintech is in the process of expanding its services to include decentralized finance (DeFi). 

Launched on June 1, CoinsPaid’s IDO launched CPD, a DeFi cryptocurrency that will serve as a utility token, offering 20% discounts to B-to-B and B-to-C customers who pay in CPD. B-to-B customers get an additional 5%-20% discount when staking CPD, while B-to-C customers get 5%-30%. There is also a 10% B-to-B customer promotion. Using CPD tokens in payment gets a 50% discount on all transactions, and unspecified discounts on all future products. 

On the actual DeFi side of things, CoinsPaid offers a 20% staking APY, a 10%-50% CPD bonus on yield when investing through the CoinsPaid dashboard, and a monthly token burn. The company is selling 16 million of its 800 million CPD. Token swaps are available for ether (ETH), tron (TRX), Binance smart chain tokens (BSC), solana (SOL), and polkadot (DOT). 

Offering coming later this year include a CPD loyalty system and a media site in Q3, with a DeFi dashboard scheduled for Q1 2022.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

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