PolkaBridge announced the launch of the first iteration of its initial decentralized offering (IDO) single chain launchpad way back on Apr 09. The event marked an important turning point in our journey of introducing the world to a cross-chain suit of DeFi/NFT projects, accessible to all users.
The launchpad allowed even average users to invest in promising concepts at an early stage and allowed the founders / developers of the project to easily access capital. But, it was limited to a single blockchain — Ethereum.
We succeeded in launching several DeFi / NFT projects via our launchpad, which were mostly sold out in record time. However, we never stopped innovating or trying to improve the process by making it fairer and ungameable.
For this reason, we are proud to announce the multichain Launchpad v2 today — a reimagined and redesigned concept for investing / fund raising from PolkaBridge, introducing several new significant upgrades.
Launchpad v2 — Overview
Voila! We present to you our multi chain Launchpad v2. Currently, we have integrated support for four blockchains — Ethereum, Binance Smart Chain, Polygon and Harmony. Before, Launchpad v1 only supported IDOs on the Ethereum blockchain. In the future, we plan to add support for Cardano, Solana and Polkadot also.
On the user interface, we have introduced significant upgrades also. The v1 launchpad featured mostly simple colors and static background design. This has been revamped in the Launchpad v2. Unlike v1, the new launchpad displays more information on how to use the launchpad and has clear instructions for teams looking to raise funds.
The Launchpad v2 still has public and private pools. Though, the access is dependent on various factors. There are separate sections for upcoming pools and finished pools. It features tiles now for different projects, which display important information, relating to the total funds raised, allocations available, the ratio, date of the event and the blockchain network.
PBR tokens still have to be staked to gain access to the private pools — which incentivizes holding the token, increases demand for it and adds to the value capture mechanism. You can read the tutorial for staking here. An account needs to stake around 500–3000 to be eligible for IDO participation.
How To Tutorial — Step By Step Guideline
There are two rounds for every initial decentralized offering (IDO) featuring public and private pools. The fist and the main round is for users staking PBR, who are entitled to receive the lion’s share of the allocation. If the first round isn’t sold out, the the IDO proceeds to the public round, where everyone is allowed to participate. Let’s see how to participate in these roud
Once you open an active IDO, the interface would display the relevant information. There is an option to join the pool and the second to check the compatible blockchain explorer for in depth information about the token for sale. Click Join Pool and prepare to participate, if eligible!
The interface shows the PBR amount staked and the maximum amount that is available for your purchase. You can choose the amount that you want to invest and see the corresponding token that you will receive in return, based on the ratio. Click Join Pool again.
Now, the MetaMask prompt will appear requesting you to confirm the transaction. Click confirm (and if you are using a hardware wallet, authorize the transaction there also). Once it’s confirmed on the blockchain, your tokens will appear, if you were successful in securing your allocation.
Congratulations! You have successfully participated in the initial decentralized offering (IDO) and bought tokens from a promising project. There is a countdown timer displayed below showing the time remaining until you can claim your tokens. Once the timer strikes zero, you can claim your tokens via a simple transaction. We hope that you would enjoy using the Launchpad v2 as much as we enjoyed creating it!
PolkaBridge is a decentralized all-in-one financial applications platform. The PolkaBridge ecosystem is expected to include cross-chain AMM, Farming, Lending, Fundraising platform (Launchpad), Prediction, NFT, and more. All products will be developed with Polkadot in center.
❇️ Website: https://polkabridge.org
❇️ Farming https://farm.polkabridge.org
❇️ Staking https://stake.polkabridge.org
❇️ LaunchPad https://launchpad.polkabridge.org
❇️ Twitter: https://twitter.com/realpolkabridge
❇️ Medium: https://medium.com/@polkabridge
❇️ Github: https://github.com/cyclese96
❇️ Telegram Channel https://t.me/polkabridge
❇️ Telegram Group https://t.me/polkabridgegroup
❇️ Discord https://discord.gg/G3NDrcq6GW
❇️ Reddit https://www.reddit.com/r/polkabridge_official
❇️ CoinMarketcap https://coinmarketcap.com/currencies/polkabridge
❇️ Coingecko https://www.coingecko.com/en/coins/polkabridge