[UPDATED] Enjinstarter Introduces Launchpad Protection Protocol
One of the main purposes and aspects of Enjinstarter is to make the DeFi, metaverse, and launchpad space safer.
“The Next Generation for Blockchain Games and the Metaverse” is what EJS stands for, and we aim to make it the next big thing with our new and improved Protection Policy.
From day one, the EJS team carries out extensive research and due diligence on projects — ensuring the safety and protection of the community and investors.
However, due to recent changes in the DeFi and launchpad space, as well as the rise of greedy actors, a growing number of projects and teams have failed to adhere to proper guidelines. Our aim is to protect both our investors and sales partners.
Thus, to ensure that projects put forth their best effort to make their projects a success, we’ve decided to announce a strict and robust protocol known as the “Enjinstarter Protection Protocol” that projects must follow without exception in order to receive all of the funds raised — or even be eligible to launch on our launchpad in the first place.
Here’s a snippet of our Protection Policy below:
3.2 In our respective IDO/INO agreements must be able to provide the following:
3.2.1 Vesting Terms and Conditions: The Company agrees to maintain price of the token for the initial TGE component for the first 24 hours at or above the IDO price. Only then we will release the first tranche according to the vesting schedule of the project. The same rule applies to each vesting until it reaches 40% of total vesting is completed.
3.2.2 Minimum amount to be injected into liquidity pools as required by Enjinstarter before the start of the IDO/INO project. This is to ensure our partners commitment to the said project without any last-minute bailouts.
3.2.3 EJS Delay Policy: All IDO/INO projects must comply with Enjinstarter delay policy. No more than 15 days between sale and listing is allowed. Our aim is to have all the sales 24 to 72 hours before the listing to keep momentum intact. If a listing is postponed until further notice, we will automatically refund the sale if the delay is for 21 days or more. (This is subjected to changes which Enjinstarter reserves the right to amend at any time)
3.2.4 Refund Policy: EJS will reserve the right to do a full or partial refund at any time due to malicious, illegality practices, defamatory language (against Enjinstarter), bad practices, crucial technical issues or adverse media effects from our partners that would cause the community concern or that result in severe price drops, whether it’s pre-launch, at launch, or after certain distributions but prior to full distribution.
3.2.4.1 For the avoidance of doubt, we will provide the following definitions:
3.2.4.1.1 Maliciousness: Any act that has an intention to cause harm or damage to Enjinstarter by any means.
3.2.4.1.2 Bad Practices: includes poor corporate governance on any existing partners.
3.2.4.1.3 Illegality Practices: Any physical or digital act that contravenes local legislation requirements. For the avoidance of doubt, Illegality Practices will cover across all jurisdictions.
3.2.4.1.4 Defamation: Any defamatory statements whether orally spoken or made in writing via any social media platform that would damage the reputation of Enjinstarter.
3.2.4.1.5 Adverse media: If one of our Partners have any adverse media effects that would cause concern to the community, Enjinstarter reserves the right to initiate partial or full refund. Adverse media effects are defined as any bad press, articles that will be published via any online press articles, or physical newspapers in any jurisdiction.
3.2.4.1.6 Crucial Technical Issues (“CTI”): CTI will include any potential IT-related issue caused by the Partner which could potentially cause a problem and losses to Enjinstarter.
You can see the full policy here.
We’ll also pay extra attention to any critical details that our sales partners may have with their launches. Our goal is to maximize the potential, ROI, and utility of all our launched projects while also assuring investors’ safety by having their backs at all times.
About Enjinstarter
Enjinstarter is one of the top-tier blockchain launchpads focused on Gamefi/Metaverse/NFT/Music/Move2Earn and Gamified utility projects. Enjinstarter has partnerships with top gaming studios, networks like Enjin, influencers, distribution centers, exchanges, gaming guilds, and VCs, with access to huge communities.
Enjinstarter supports pre-IDO, IDO, monetisation, go-to-market strategies, and post-launch. The team has launched Halo, Mass Effect, and others and has helped AAA and F2P games with sustainable monetisation strategies.
