How Will the Entity Launchpad Work?
The Entity Launchpad is preparing for its final ignition check! Join us for a sneak preview of the launch process and a glimpse into how it will elevate the MultiversX ecosystem.
Built for the new era of MultiversX
At the core of the Entity Growth Engine, the Entity Launchpad will provide a streamlined launch process to projects with high potential that are building on the MultiversX blockchain.
In addition to helping incubate innovative projects, Entity will also give the community ample opportunities to get involved with new launches from their early stages through maturity.
There is no limit to what type of Web3 project can launch on Entity, but you can expect to see startups that help drive mass adoption in key areas such as DeFi and GameFi. The main requirement is that each Launchpad project provides valuable utilities that fill gaps in the MultiversX ecosystem.
But how will the Entity Launchpad work exactly?
A clear and intuitive user experience
For investors, each launch will consist of four phases.
- Complete KYC
- Staking snapshot
- Buy tickets
- Claim tokens
Sound familiar? This logic is similar to other major launchpads such as xLaunchpad (formerly the Maiar Launchpad). While there may be some extra benefits for the Entity OG community, we wanted to keep the process as simple and familiar as possible.
For staking snapshots, the currency that users must stake has not yet been decided. But don’t worry — Entity will give the community plenty of time to get ready once we announce the first Launchpad project.
Fair opportunities for the community
The Entity Launchpad is designed to be fair for all users so that anyone who wants to get involved early in groundbreaking Web3 projects gets an equal opportunity.
This is the reason Entity uses a lottery format, so that a minority of users cannot take all of the allotted tokens before others get a chance.
In terms of KYC, Entity believes that following all applicable legal regulations is important for achieving sustainable growth in Web3. Entity is a fully-compliant platform, which means that KYC will be mandatory for Launchpad investors.
Although this means community members from some countries may be excluded from KYC, Entity will ensure that an ample supply of liquidity will be available after each launch so that everyone can get in early on the best new projects.
What you will need
Here is what you will need to participate in the Launchpad:
- A valid email address
- A MultiversX wallet
- A passport, government-issued photo ID, or national identity card
- A bank statement or utility bill (Enhanced KYC only)
Start exploring
If you want to dive deeper on the Entity Launchpad process, you can check out the Launchpad Instructions which are now available on the Entity Knowledge Base.
You can also already visit the Launchpad’s landing page with a sample project live on Entity.global.
And in the coming weeks, we will announce how the community can get directly involved with the genesis of the Entity Launchpad.
Don’t miss the big news
Stay tuned on Twitter, Telegram, and our Official Newsletter for exclusive content and news about the Entity Launchpad and more!
Enhancing the MultiversX Ecosystem
Entity is a Launchpad and suite of cutting-edge tools for Web3 builders and investors. Entity is focused on catalyzing growth in key areas such as DeFi, GameFi, NFTs and real-world blockchain applications.
MultiversX is a highly scalable, secure and decentralized blockchain network created to enable radically new applications, for users, businesses, society, and the new metaverse frontier.
