Plasma.Finance has released details of SpacePort, its IDO launchpad for emerging crypto projects. SpacePort is fully decentralized with no central points of control.
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 wishing to apply for listing on SpacePort have three options at their disposal: open IDO platform, incubation program, or IDO with Plasma.Finance support.
Open IDO model: provides a permissionless means of fundraising using SpacePort’s fully decentralized architecture. Any project can launch a native token using SpacePort’s plug-and-play framework that simplifies the IDO process and eliminates the need for coding smart contracts. Projects utilizing the open IDO model will not be pre-vetted by the PlasmaFinance team and thus participants must perform their own due diligence.
Incubation program: Full-cycle support from Plasma.Finance from pre-launch to IDO and post-sale services. Plasma.Finance will assist with marketing and PR, advisory, technical support, development, security auditing, and community building.
IDO with Plasma.Finance support: Projects that elect to tap into Plasma.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.
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 incumbent 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
