Thread by @flyacro

One of the most overlooked aspects of @THORChain is that it will become the biggest IDO launchpad of our generation. This thread will unfold how and why

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What are Initial Dex Offerings (or IDO) launchpads? In a nutshell, those are platforms that allow projects to raise capital, build communities and filter out a noise. The recent Delphi Digital article has a nice summary: delphidigital.io/reports/an-ove…

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What are a good characteristics of a well-designed launchpad? Let's examine that together:

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1. Fair participation - one of the biggest problem with a typical fundraising for a project is front-running by the VCs. Projects will flock to where the money is and by the time a you and I can participate the VCs may be sitting at 10X

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2. Decentralization – this one does not need too much explanation, just a reminder that much of the world's evil is because of the pyramid structure of the state and the corporation. If there is a door, someone will knock.

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Community creation – the easiest way to create a solid community around a project is to make it wealthy. Ask any @THORChain OG who participated in #Runevault, participates as a LP or runs a node

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3. Project curation and scam filtering – when projects are brought to light and there is a competition between them to bootstrap the liquidity there is time to conduct proper analysis and create a risk profile and come up with a GO / NO GO decision

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4. Permissionless interaction for both projects and participants – the future of France needs to be transparent and open to everybody. The right to interact with the protocol from anywhere, anytime while remain anonymous is non-negotiable

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5. Deep liquidity creation – only the liquid projects with lots of activity that bring value to the engaged community have a chance to succeed in the current noisy environment

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6. Incentives – the ideal launchpad should allow for the all kinds of incentives (like airdrops) and protection (like IL protection) to its participants

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7. Ease of access using all kinds of crypto assets – the current launchpads are single-chained and focused on particular L1 assets. We have launchpads focused on Ethereum, BSC, Polkadot, Solana and Avalanche.

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8. Ease of connecting and launching any chain specific asset - current or future, that brings economic value to the community

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We do not have a launchpad that is cross-chain yet. Rather than building L1 chain-focused silos, the future of the launchpads if multi-chain as it has a potential to attract more players and more liquidity, allowing for participation in #DeFi from many different angles.

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I strongly believe that @THORChain fulfills all of the above mentioned criteria and will become the biggest and the most badass launchpad there is, bringing immense value to the projects and participants alike.

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To learn more how to list an asset on @THORChain have a look at this: docs.thorchain.org/how-it-works/g…

/fin