PlasmaFinance has shared the details of SpacePort, its IDO launchpad for emerging crypto-related initiatives. Unlike other token launchpads, SpacePort claims it’s “fully decentralized” with “no central points of control.”
As mentioned in a release shared with CI:
“A flexible token launch platform, SpacePort empowers startups to conduct a truly decentralized Initial DEX Offering (IDO), with a range of customizable parameters to meet their requirements. Liquidity locks, token vesting, sale price, and funding type can all be adjusted, while IDO participants have full transparency into the mechanisms in place for their protection.”
Projects interested in applying for listing on SpacePort have three options: open IDO platform, incubation program, or IDO with PlasmaFinance support.
As explained in the announcement, an Open IDO model offers a “permissionless means of fundraising using SpacePort’s fully decentralized architecture.” Any project may issue a native token using SpacePort’s “plug-and-play” framework that aims to simplify the IDO process and eliminates the requirement for programming smart contracts. Projects that use the open IDO model will “not be pre-vetted by the PlasmaFinance team and thus participants must perform their own due diligence,” the release clarified.
Then there’s the Incubation program, which is described as a full-cycle support from PlasmaFinance from the pre-launch stage to IDO and post-sale services as well. PlasmaFinance will help with marketing efforts, advisory services, technical support, development, security auditing, and community building, the release noted.
There’s also the IDO with PlasmaFinance support where projects that “elect to tap into Plama.Finance’s marketing and advisory network will receive enhanced support, empowering them to build a strong community and branding in the run-up to their IDO,” the announcement explained.
As noted in the release:
“SpacePort Incubation program and the option of launching an IDO with Plasma’s full support has been designed to host outstanding projects that will add genuine value to the DeFi space, with PlasmaFinance carefully scrutinizing each application. Only projects that have significant utility, a reputable team, sound tokenomic model, and fair distribution will be greenlit for SpacePort’s advanced options.”
Those will “confer a number of advantages over [existing] solutions” including:
- Fully decentralized IDO “in keeping with the ethos and architecture of DeFi”;
- Flexible sale type “with customizable parameters including sale type, pricing, and supported tokens”;
- Dedicated token information page, gas station, and “support for limit orders on PlasmaSwap”
Ready-made community of defi users who can stake PPAY tokens to ensure allocation”
- PlasmaFinance marketing and support for “selected IDO projects”
PlasmaFinance is a DeFi dashboard that “aggregates the most popular decentralized finance protocols from multiple blockchains,” the released noted while adding that the platform offers robust analytics, “easy-to-use” tools and access to various DeFi yield opportunities across different protocols.
PlasmaFinance features various DeFi products such as its own PlasmaSwap DEX, advanced trading and gas optimization tools, fiat on/off ramp for DeFi and an IDO launchpad, SpacePort.