Fractal ID x Beamswap For Frictionless Launches on Moonbeam
Fractal ID and Beamswap are joining forces to enable trusted, secure, and compliant project launches on Moonbeam network.
Fractal ID is happy to announce our partnership with Beamswap, a decentralized exchange (DEX) on Moonbeam with an automated market maker (AMM), providing liquidity and peer-to-peer transactions.
Fractal ID is supporting Beamswap by implementing Fractal ID to add an identity layer that brings trust, security & compliance to Beamswap’s community, and reduces the regulatory hassle for projects to launch new web3 solutions from scratch.
The current state of launchpads
Traditional venture capital is still slow to fund open-source and web3 projects. Hence, the community is stepping in to enable a more versatile and inclusive ecosystem where new projects can flourish. However, due to the anonymous nature of users on DeFi platform and the consequent illicit activities, authorities in the US and Europe are worried and are pushing regulatory standards that compromise the privacy-preserving nature of the ecosystem.
Here’s where Fractal ID x Beamswap partnership comes into play!
Fractal ID x Beamswap partnership
Beamswap and Fractal ID are joining forces to help new projects that want to contribute to a multi-chain future and conduct their token launches in a frictionless and compliant way on the Beamswap Docks IDO Launchpad.
As Beamswap is providing a leading DEX/DeFi hub on Moonbeam, Fractal ID is providing crypto-native KYC that bridges compliance and data gaps through its Fractal ID product and its self-sovereign identity solution deployed in the Polkadot/Kusama ecosystem.
This partnership will bring significant benefits to Beamswap users and future IDO projects, including:
- Enabling new projects to seamlessly tap one of the broadest communities of DeFi-ers for decentralized crowdfunding with access to 900k+ pre-verified Fractal ID users who can be seamlessly onboarded with a click of a button.
- Reducing the regulatory hassle for projects to launch new web3 solutions from scratch while ensuring data privacy and integrity.
- Streamlining the process for future Beamswap Dock events by leveraging the reusability features of Fractal ID credentials.
Thus, Beamswap’s users will be able to gain back data ownership of their credentials on their wallet using Fractal’s “trustless” technology, and will enjoy a permissionless way of sharing their data and disclosing chosen credentials.
“Our partnership with Fractal ID will streamline the KYC process for Beamswap’s users for all our IDO events, easily verify their KYC status with a number of platforms utilizing Fractal’s network, and allows users to securely maintain ownership of their credentials with the trustless system Fractal ID provides”
~ Tim | CEO of Beamswap
About Beamswap
Beamswap is a decentralized exchange (DEX) on Moonbeam with an automated market maker (AMM), providing liquidity and peer-to-peer transactions. Beamswap DeFi hub provides an array of services and features supporting the DeFi and web3 spaces, including crypto swaps, staking and yield farming, lending and borrowing, and serves as a launch platform for new and exciting projects built on the Moonbeam Network.
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About Fractal
Fractal ID is the leading identity solution provider for web3 ecosystems. We are building a vertically integrated identity stack that works for everyone, everywhere. To transform decentralized identity adoption into reality, Fractal ID is currently building the idOS — the identity layer of web3.
If you are interested in exploring how web3-native identity solutions (DIDs) can help your business, book a meeting with our team.
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This article does not include elements of any contractual relationship. This article shall not be deemed to constitute a prospectus of any sort or a solicitation for investment or investment advice; nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction.
For the avoidance of doubt, please note that the Protocol has not been fully developed. Any statements made about the Protocol are forward-looking statements that merely reflect Fractal’s intention for the functioning of the Protocol. There are known and unknown risks that can cause the results to differ from the forward-looking statements.
Fractal ID does not intend to express investment, financial, legal, tax, or any other advice, and any conclusions drawn from statements in this article or otherwise made by Fractal ID shall not be deemed to constitute advice in any jurisdiction.
Fractal ID’s intended purpose of the Tokens is to be used as means of payment for the services that will be offered within the Protocol (the “Services”). The purchase, ownership, receipt, or possession of Tokens carries no rights, express or implied, other than the right to use Tokens as a means to enable usage of Services in accordance with the then-applicable terms of use relating to the Services offered within the Protocol. The Tokens do not represent or confer any ownership right or stake, share, security, or equivalent rights, or any right to receive future revenue shares, intellectual property rights, or any other form of participation in or relating to the Protocol, Fractal ID, Service Providers or any of their corporate affiliates, other than any rights relating to the provision and receipt of Services, subject to the applicable terms, conditions or policies that may be adopted by participants in the Protocol.
