CeloLaunch — The First DeFi Launchpad On Celo Network. This is A rug-proof IDO launchpad designed to assist projects in crowdsourcing funds through the use of advanced token pooling and distribution mechanisms.
CeloLaunch IDO Whitelist
💥 CeloLaunch is thrilled to announce the Whitelist Competition for Public Sale Round! 💥
JOIN WHITELIST: https://wn.nr/EytVK7
- 🛒 Platform: CeloLaunch Launchpad
- 📅 Date: Monday, 2021-12-27 15:00 UTC
- 🔒 Hard cap: $456,000
- 👥 No. of winners: 2000
- 💰 Min. contribution: $100 in CELO
- 💰 Max. contribution: $300 in CELO
⚠️Notes
- Whitelist winners are able to participate in Public Sale Round.
- Follow the instruction to earn points. The more points you get, the more chance you will be qualified.
- Ensure that your Twitter account has a profile picture; otherwise, it will be detected as spam.
- EXCHANGE WALLET ADDRESS IS NOT ALLOWED.
⏰ Competition Closes: Saturday, 2021-12-25 15:00 UTC
About CeloLaunch
Abstract
The success of DeFi applications has been remarkable since their introduction, and although being limited at first, their growth has accelerated to catapult the industry surrounding financial disintermediation to a multi-billion dollar behemoth.
In spite of initially modest DeFi market capitalization, it has grown exponentially through the summer of 2020. By injecting decentralized governance and peer-to-peer access mechanics, all on-chain inclusive and incorruptible, the institutional landscape of DeFi is rapidly spreading, taking over, morphing and synthesizing the institutions of traditional finance.
Another important element driving the fast expansion is the sheer potential for community innovation enabled by the open source nature of the majority of the DeFi software. The foregoing leads to an obvious conclusion: we are in the early stages of forming a new institutional environment that will redefine the financial system as we know it in the coming decades, transforming it into something very different, something fair and efficient.
To replace the current financial system’s core institutions, decentralized apps have become increasingly sophisticated and efficient in terms of lending and borrowing mechanisms, risk management, and the formation of on-chain liquidities. The rate at which inventions occur has never been faster, and it is only going to get faster. With the launch of CELOLAUNCH, an IDO Platform based on Celo Network, that day has come. CELOLAUNCH’s major goal is to tackle the Celo Ecosystem’s illiquidity problem and give a single unified UX/UI on our platform (an important thing that usually getting neglected by other projects).
CELOLAUNCH, launched in September 2021, provides a constantly expanding set of decentralized services by offering revolutionary, flexible technology to add value to the DeFi industry as a whole, in CELO Network specifically. Startups may boost their initiative and reward communities by utilizing our services.
The CELOLAUNCH team appreciates you taking to read our documentation. We sincerely hope that whoever you are you will profit from the services and utilities provided by the CELOLAUNCH ecosystem.
Vision
Initially launched on CELO network, CELOLAUNCH Team is seeking for strong partners to help startups, communities, and token developers utilize the best tools available.
CELOLAUNCH is motivated by a strong desire to help others and we’re looking forward to the positive behavior from our community which sets us apart. CELOLAUNCH’s ethos and utility are founded on the foundations that our community continues to construct.
Positive or negative criticism is vital as long as we could learn anything from the hundreds of interactions we got everyday. Having said that, concentrating on communities allows the CELOLAUNCH Team to position as a product-market fit reference.
Our vision is straightforward, to build an automated, decentralized, and scalable technologies on the CELO Network. Moreover, everyone in CELOLAUNCH community is invited to join us since we are more powerful when we work together.
Current DeFi Problems:
1) Rug-pull
One of the biggest risks that we are facing in DeFi ecosystems that no investors would like to encounter. The recurring number of rugs has surpassed $5 billion in total. Tokensniffer has reported around 15 such suspicious projects in a single day.
2) Insufficient Liquidity
New projects are being created lacking sufficient liquidity commitment. This indirectly is a definition of scam. We have also witnessed projects providing average liquidity on listing and wiping them out on the next day.
3) Unfair IDO Participation
Allocation providing for everyone on each project is indeed difficult because a smaller total allocation is supposed to be gathered from a large pool of investors resulting in a problem that small investors are being left behind most of the time.
Consider the remedies CELOLAUNCH Team deals with the aforementioned issues:
1) Rug-proof Launchpad
Rug-pull is the common issue of the projects with high hard caps and no MVPs. We rigorously verify total raiseable amounts against the token economics of the project before presenting them to the community. This manner, all of those scams will be sorted out, resulting in a safe ecosystem.
2) Liquidity Locked
Inadequate and unlocked liquidity is the most serious threat to the fastest-growing DeFi ecosystem, which is why we have worked to include automatic liquidity locking via our native smart contract for projects that choose CeloLaunch.
3) Guaranteed Allocation
As you may know that obtaining a guaranteed allocation in DeFi projects is quite rare and even holders acquiring a specified number of tokens are inducted into the FCFS mechanism. CELOLAUNCH Team rectifies this by providing a guaranteed allocation to our dearest holders.
CeloLaunch is coming soon — Stay tuned!
