Moonstarter: The next big thing in IDO launchpads?
As blockchain projects are starting to get increasing recognition every day with multifold adoption, the demand for fundraising is going up too. IDO Launchpads thus offer the service of crowdsourcing the investment needed by these projects after the seed and the private sales rounds(if any) are over.
Many Launchpads taking inspiration from this idea have come up which require the community to hold and stake their coin, in return for a chance or a guarantee of allocation in up-and-coming projects holding an IDO on their platform. Some of the most well-known launchpads are Polkastarter(POLS), PancakeSwap(CAKE), BakerySwap(BAKE), DAO Maker(DAO), and TrustSwap(SWAP). All the projects in this space offer decentralized launchpad services on their chain. Thus the projects need to remain dependent on the blockchain they are launching on and limit their launch potential. This is where MoonStarter steps in to change the game.
A Multi-Chain IDO Launchpad
MoonStarter aims to be a multi-chain IDO launchpad, thus being chain-agnostic and offering the projects to launch on one or many chains, thus offering full flexibility for cross-chain operability.
It will initially support Ethereum Chain and Binance Smart Chain, however, Phase-2 will integrate Cardano, Solana, and Polkadot through the Moonbeam para chain. Moonbeam will play an important role with more migrations in the future and Ethereum chain integrations such as Metamask.
Such a platform ensures there is no bias on the blockchain used, and thus realizes the true sense of decentralization when it comes to launchpads. This means that MoonStarter has the potential of growing from a Launchpad and becoming a full-fledged ecosystem incubating the projects launching on it. This can be very beneficial for the launching projects in their initial stages which might require marketing and logistical support, and an ecosystem facilitating this will be rigorously verified by the team, making it much more transparent for the investors, which are the MNST token holders.
The MoonStarter Token
The MNST token will launch on Binance Smart Chain(BSC). The selection of BSC over others was done based on low fees, high speed, and interoperability.
Holding the token will give you access to the IDOs on the platform, depending on the tier system(more on that later). The MNST token will also be used for governance, and users will be able to decide important aspects such as staking periods and blockchain of support.
Tier System
Based on the Jupiter Lunar theme, Moonstarter will have 4 tiers on IDO allocations and staking.
- Callisto: The first tier will get 7% of the allocation, based on first come first serve after a lottery. A minimum of 7 days of MNST staking is required.
- Elara: The second tier will split 16% guaranteed allocation. A minimum of 7 days of MNST staking is required.
- Himalia: The third tier will split 27% guaranteed allocation. A minimum of 10 days of MNST staking is required.
- Kalyke: The fourth and nicest tier(based on Jupiter’s nicest moon!) will split a 50% guaranteed allocation.
The Users
In Moonstarter’s (and Launchpads in general) case, there are two types of users: the projects and the investors.
The Projects
The projects come to the launchpad to raise funds. They can apply on Moonstarter by providing required information such as amount raised and required, audit details, and liquidity provided. Moonstarter will handle liquidity lock and vestings for safety reasons.
In addition to raising capital, Moonstarter serves as an ecosystem to help develop these projects. The launchpad will itself seek 1% of the raised amount as remuneration for the listing. The projects will also be offered the services of marketing, technical and operational consulting, and community growth on added charges, thus making it a perfect incubator for newly launching projects.
The Investors
Moonstarter will make available details of the project to the investors before the IDO. This allows full transparency for the investors, based on rigorous verification of the projects by the Moonstarter team on the non-negotiable details required from the projects.
The investors will have the possibility of investing in projects on different chains because of Moonstarter’s multi-chain nature. The method of participation will be through a lottery(Castillo tier) or guaranteed allocation(Elara, Himalia, and Kalyke tiers). Holding and staking the MNST token is required for getting access to the tiers.
Partners
Moonstarter boasts of a list of partners joined in since the beginning of their journey, including some well-known crypto VC firms.
Tokenomics
Moonstarter raised capital through Seed Round and Two Private Sales, and an IDO is upcoming. The following is the breakup of the token metrics:
- Seed Round: $250,000 raised with a 15% unlock at Token Generation Event(TGE), then monthly unlock over 6 month.
- Private A: $350,000 raised with a 20% unlock at TGE, then monthly unlock over 5 month.
- Private B: $400,000 raised with a 25% unlock at TGE, then monthly ulock over 4 month.
- IDO: $70,000 to be raised with no vesting.
In addition to this, the team has a 6 month lock period.
Final thoughts on the project?
Moonstarter is here to revolutionize the IDO landscape by bringing a chain-agnostic method to raising funds for crypto projects, making the space more flexible, innovative, and decentralized. Projects can focus on development and growth without worrying about the ideal blockchain and the launchpad supporting it and can get the perfect incubation environment in the Moonstarter ecosystem. Investors holding the MNST token can participate in IDO’s across multiple blockchains and invest in reliable, verified projects.
From the looks of it, Moonstarter is a promising project and is(and the projects launching on it) going to the moons(Jupiter’s), so ride along!
