Fantom Starter- Multi Chain IDO platform
Fantom starter is a Multichain IDO platform, where it enables the investors to participate in the upcoming project before entering into the market. The Fantom starter team rigorously filters the project based on certain criteria and picks the best project that can withstand the blockchain world. This is the major reason why we can choose Fantom starter as the best investment platform.
Fantom Starter is an ecosystem that helps investors to diversify their Funds. Fantom starter IDO Launchpad is a decentralized platform for fundraising, which is built on the Fantom blockchain with a reasonable entry barrier for participation.
IDO Launchpad:
Before Launchpads there used to be ICO, IEO, etc. The thing is, as it is centralized, it will have many restrictions for the users to participate. As decentralized Finance is the leading space in crypto there we have seen the rise of Launchpad in recent months to be precise this year more.
Launchpads streamline the process of attracting the crypto community and raise funds effectively. Many of the upcoming projects choose decentralized ways to raise the funds. So, the Fantom starter IDO Launchpad was designed with the speed of Fantom, trust of Smart Contracts, and flexibility of decentralization in mind. It is a truly decentralized platform aimed to take a better approach and help multi-chain projects garner crowdfund.
Why choose a fantom starter:
FantomStarterā€™s goal is to solve the growing pains of Initial Dex Offerings or IDOs and to create a one-stop-shop for crypto investors and projects seeking to raise crypto capital.
Major Present IDO platforms support single-chain fundraising and they need to create multiple chain accounts to participate in different chain IDOā€™s. Putting a check on this, Fantom starter has come up with a one-stop shop with a multi-chain launchpad.
With FantomStarter, you can raise and invest capital on any blockchain, This means a project which is going to be launched on Fantom Starter will have a wide range of exposure to different chain users and hence it can raise a wide range of funds as well.
Why Fantom chain:
Until 2021, the Majority of the DeFi products were being built on Ethereum Blockchain, However, there is a huge gas fee involved in every transaction you make on ethereum due to proof of work consensus. So, many users are unhappy with the high gas fees and they were looking for some similar blockchain to use DeFi products that costs less gas fee. In the same way, as developers considering the aspects of users(customers) they started to build the DeFi products on Fantom which runs on Directed Acyclic Graph. As compared to Ethereum, Fantom has a much higher transaction rate and very little gas fee. So interests in people and developers are slowly shifting on to Fantom.
The transactions on Fantom are fast and cheap, the opportunity for interoperability is what sets Fantom apart and why Fantom starter opted to create the smart contract for the FS launchpad on Fantom Opera.
Benefits for choosing Fantom starter to raise funds:
FantomStarter Accelerator Module:
Once project applicants pass our rigorous vetting process and team security clearance, they receive exclusive access to the FantomStarter ecosystem and begin their journey through the FS Accelerator Module where essential strategic industry know-how is granted in exchange for the FantomStarter token.
Convenient Multi-chain Interoperability:
FantomStarter offers a decentralized investment app with built-in governance that is cost-effective and secure. A viable option for project developers is to raise capital instead of the traditional VC funding route. FantomStarter brings users to Grade A+ projects and removes the guesswork for startups.
Continuous investment flow:
As we have discussed that ETH gas fee has been making many users and developers shift their region of development, Hence there are searching for the best platform like fantom. Layer two solutions to Ether fees require the built-in interoperability that FantomStarter brings in.
Benefits for investors:
Ministry Project Curation:
The project will be filtered based on various conditions and their concept by the most experienced people in the team. These projects are then released into the markets to raise funds. Fantom Starter makes our life simple as they rigorously filter good projects and deliver us.
Community Governance:
The FS community Governance Hub is where projects overlooked by the FS team, but well-liked by the community can be picked up through governance as Token & NFT holders use their voting power to champion the projects they believe in. Governance requires the voting power of the community, which further expands the use-case of our $FS Tokens & NFTs. This built-in redundancy sets in motion the execution of community-led projects and makes sure every opportunity for success is given
Liquidity Mining:
The liquidity is very important for any project, To improve the liquidity in the AMM pools Fantom starter uses $FS to reward the liquidity provider via fees. This helps to drive in the liquidity for the project and enhance the smooth running of the project.
Investment Tiers:
To participate in the Fantom starter IDO project you either need $FS tokens or NFTā€™s based corresponding levels.
There are up to 8 level tiers in Fantom Starter, But in this article letā€™s stick to the least 3 barrier tiers
The three basic tiers are :
Tier 1: Minion Key
- Allocation rights: Lottery Odds 10%
- Whitelist requirement: Follow, Like, Retweet, Comment
- Investment Size: Standard allocation size
- Staking requirement: 10,000 $FS or Minion Key NFT
- Max supply: 500
Tier 2: IMP Key
- Allocation rights: Lottery Odds 25%
- Whitelist requirement: Follow, Like, Retweet, Comment
- Investment Size: Standard allocation size
- Staking requirement: 20,000 $FS or Imp Key NFT
- Max supply: 250
Tier 3: Oni Key
- Allocation rights: Lottery Odds 50%
- Whitelist requirement: Follow, Like, Retweet, Comment
- Investment Size: 2x standard allocation size
- Staking requirement: 55,000 $FS or Oni Key NFT
- Max supply: 150
FS Token:
$FS token is mainly helpful in getting the allocation for the upcoming project on Fantom starter according to the Tiers. $FS token will be a governance token used to govern the Fantom starter. It will also be used to incentivize protocol usage, bring in more liquidity & grow the ecosystem. The $FS token will be heavily integrated into the protocol and is going to be the backbone of the platform. Holding and staking will also have use cases such as Fee distribution, voting rights, Access to pools of upcoming projects.
Tokenomics:
Seed sale and private sale are completed, IDO has also completed, whitelist winners will be announced shortly.
Notables:
- MultiFantom Ltd., the owner, and operator of FantomStarter.io, a decentralized cryptocurrency investment protocol, announced the closing of a $532,000 seed/private fundraising.
2. Being built on Fantom and also having the matching operability, We can see the massive growth in the project due to developers and investors choosing different chains instead of ETH nowadays.
3. As the initial market cap at TGE is only 152,200$, which is significantly less, we can see massive growth in the project compared to many other existing IDO platforms mcap.
4. IDO whitelist gleam competition was completed and Fantom starter received a humongous number of entries i.e. 691,048, which is highly oversubscribed.
Official Links:
website: https://fantomstarter.io/
Twitter: https://twitter.com/fantomstarter
Telegram: https://t.me/fantomstarter
