GAINS Associates
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GAINS Associates

Harmony Launcher — Telegram AMA — February 08

On Tuesday, February 08, we had the pleasure to welcome to our Telegram chat:

Harshad Wagh, CEO
Ankit Kalra, COO

We asked him questions about the development of Harmony Launcher.

Some sentences have been slightly edited for readability but the meaning has been conserved.

Introduction

Q — Ayeley from GAINS: Please tell us about yourselves and the Harmony Launcher team

A — Ankit from Harmony Launcher: I’m Ankit Co-founder of HarmonyLauncher I started as an Engineer about a few years ago. Have worked with numerous tech companies and got into blockchain & crypto in 2017, started my journey arbitraging the crypto market by buying bitcoin and Ethereum in 2017, and then went on to really study software management systems, play to earn games, various protocols, and now I have 5-year experience in building blockchain products and have built a platform that helps people to build and launch crypto projects on our platform and I am really excited to have everyone be part of it. I recently got featured in USAToday

A — Harshad from Harmony Launcher: With respect to my educational background, I have done my engineering in electronics. I started off as a software engineer in Omnitech in 2014, Then held a position as a big data analytics developer in core logistics (2016–2018). Alongside, I was amazed by the emerging blockchain tech and acquired this skill and started freelancing as a blockchain dev in 2016. I then joined Blockpool as a full-stack blockchain application developer in 2020. I was closely associated with top launchpads on Solana both as an investor and as a tech contributor.

I felt the need for a strong infrastructural platform to give necessary exposure to projects building on harmony and harmony ecosystem itself, so started off harmony Launcher 8 months back with my dynamic co-founders Ankit and Prashant.

While my crypto journey started along with my professional journey way back in 2014, and since then there’s been no turning back. Getting into this scenario early surely has helped me in developing one of our most prized product harmony launcher.

About Harmony Launcher

Q — Ayeley from GAINS: Can you briefly describe what the Harmony Launcher is?

A — Ankit from Harmony Launcher: Harmony Launcher is the world’s first decentralized IGO + IDO Launchpad & Incubator with an integrated AMM DEX built on the harmony Blockchain. As a Launchpad and Incubator, Harmony launcher’s primary focus would be on incubating and providing all the fundamental & substantial grounds for startups and projects based on the harmony network to Nourish Build, Raise Funds & Launch successfully in a hassle-free and safe way.

At harmony launcher, we aim to build the world’s first decentralized fundraising platform facilitating IGO, IDO, IMO, and INOs as well. Despite this, we have an incubation vertical under which we aim to accelerate project growth by acting as a catalyst and aiding them in Fundraising Marketing Developments And numerous other things under our incubation division so far we have partnered with genesis shard, rebaked, and hello capital ( early-stage backers of Polkadot and lit and numerous other projects) and have got them to set up 1.2 mil dollar fund collectively to incubate projects in their earliest stages.

Q — Ayeley from GAINS: Why did you choose to build on the Harmony blockchain?

A — Ankit from Harmony Launcher: Harmony blockchain has tremendous potential to be the foremost Ethereum scaling network and seamless cross-chain multi-chain interoperability. Which helps in garnering projects from Defi to gaming to metaverse and NFT and get hosted on Harmony. It’s just a matter of time Harmony will see the rapid success explosion with the number of projects it’s bringing and the grants provided by the Harmony Foundation.

Here is where the Harmony Launcher comes into the picture and helps the most promising projects to get the required mentoring and marketing and development. All in all, it’s a winning proposition for everyone including the Harmony network, the developers, the launchpad, and users to make full use of the super-fast Harmony network.

Add on EVM has been instrumental in the growth of Ethereum network and Harmony Network being the fastest (transactions are published within 2 seconds )and cheapest (1000 times less fees) amongst the competitors, any Ethereum wallets or portals can work on Harmony without code changes or new installs and are fully compatible for both transaction messages and execution environments. One can use the familiar and standard Web3 tooling to easily migrate to Harmony.

And regarding compatibility with other networks, Harmony network has Cross-Chain Interoperability and supports Eth, Bsc, Polka, Bitcoin bridging, Terra, and many other upcoming chains. So we can be fully sure Harmony Network is future-proof and so will be our Harmony Launcher. This played an instrumental role in selecting Harmony Network as our native chain for the IDO and incubator platform.

Q — Telegram user Titan: I understand that there will be KYC for investors and fundraisers and I also understand that the projects will be vetted. Will investors have a say on which projects get to launch on Harmony Launcher or is this solely the responsibility of the Harmony Launcher team?

A — Harshad from Harmony Launcher: Yes, investors will have a say in which projects include and we are soon launching a DAO governance model as we believe that Decentralisation is the way to go forward.

Q — Telegram user Karoceh: Does Harmony audit and review a project before they are listed? How can we be sure that the project to be listed is a safe and promising project?

A — Harshad from Harmony Launcher: Harmony Launchers’ unique KYC System would make sure all its investors and fundraisers are scrutinized in order to develop legitimate interaction with its platform. The projects that will be launched will be carefully vetted and reviewed and also curated at early stages that will be launching on Harmony Network.

We want to work together and make steady progress by including all of our supporters and users in the functioning of our launchpad and incubator. Also to add Harmony AMM DEX will facilitate an insurance protocol so that liquidity providers will have their funds secured and any impermanent loss will be avoided. Basic Steps we follow while allowing projects on our platform

— Project vetting and negotiation
— Liquidity provision of ASSET
— Liquidity provision This will be provided by the Treasury
— IDO announcement and marketing.

Token

Q — Ayeley from GAINS: What is the utility of the token?

A — Harshad from Harmony Launcher: $HARL is a launchpad utility token. Other than staking and farming and project allotments. the utility of HARL will be beneficial in acquiring a premium range of NFT cards, and likewise. We also plan to use that token in metaverse as a mode of currency especially for the Harmony metaverse projects and gaming alike.

Q — Telegram user Satoshi: Many Projects have tokens with no utilities & value & they get lost in space, How will You work on increasing their value & Demand?

A — Harshad from Harmony Launcher: In summary, we can say

1. Yield Farming ( Users stakes $HARL tokens to earn other coins)

2. Staking: you stake or lock your $HARL coin and earn more $HARL tokens

3. Earnings from liquidity pool. (Add to liquidity pool & earn/share trading fees.

4. Lottery. You buy tickets with $HARL tokens and win amazing prizes.

5. Play games to earn Cryptocurrencies. Other projects donate coins to our pool to gain a larger community as people adopt their tokens. Our users play games freely and receive those tokens. $HARL is a launchpad utility token. Other than staking and farming and project allotments. the utility of HARL will be beneficial in acquiring a premium range of NFT cards, and likewise. We also plan to use that token in metaverse as a mode of currency especially for the Harmony metaverse projects and gaming alike.

Q — Twitter user @Adlean88: How does $HARL incentivize market liquidity? Does $HARL have an internal market maker to ensure continued liquidity? What if people are interested in providing liquidity to $HARL?

A — Ankit from Harmony Launcher: Yes HARL does have an internal market maker. and details will be released soon in regards to this. And for the user-provided liquidity, we have staking options farming options built on the launcher. Once the project is live the user will have many options to chose to invest and make gains by being in the HarmonyLauncher Ecosystem.

Security

Q — Telegram user Metaverse: Many users are always having security concerns, What have You done to make them assure of security? Is there any Security audit?

A — Harshad from Harmony Launcher: We are fully audited by a reputable audit firm. our Smart contract has SUCCESSFULLY gone through manual code review, static code analysis, and security checks against threats using sophisticated tools by a reputable audit company. Soon the results will be published on the website prior to launch.

Funding and Partnerships

Q — Ayeley from GAINS: Please explain your fundraising strategies and token sale statistics to us. Who are your strategic investors and partners?

A — Ankit from Harmony Launcher: We are raising funds publicly via triple IDO. Read more. And planning to launch on CEX TBA. We concluded our private sale in November 2021 we ran oversubscribed in 2 weeks

Our strategic advisor & investors include:-

Cathy Zhu China head Casper labs
Waleed Rasuli. MD Tezos
Nikolaos Kost, ex Harmony
Yuen Wong, CEO of LABS group
Lary Shi, founder, Basic capital
Jef & Justin, Maven capital
Demelza, Director, Cointelgraph
Evan Luthra, Advisor, and angel investor
Yash, CEO of Acknoledger

So far we have secured partnerships with Genesis and Rebaked who’ll contribute their infrastructure & have set up a fund to back them in the early stages:

Hello capital will also contribute their expertise network and have set up a $1 million grant. Much more announcements coming out soon!

Competitive Advantage

Q — Ayeley from GAINS: What will be your strategy to bring these promising premier projects to your launchpad? You can tie it in with what makes you better than your competitors

A — Harshad from Harmony Launcher: We found that there was a lack of a strong foundational Launchpad on Harmony and the potential Harmony blockchain holds to scale up as an emerging ecosystem So we fit into fill the exposure gap in the ecosystem for projects in the nascent stage alongside our numerous amazing synergies including genesis shard.

So far we don’t see anyone coming any near to us, we are the only project on Harmony blockchain with this much support from our dynamic Advisory, 50 + global industry pioneers VCs, and numerous strategic investors alongside 200+ Kols This establishes a strong foundation to trust on and we are really great-full for this as well foresee to take this ahead and deliver the best.

There are lots of opportunities and revenues that are available in the blockchain network. The greater the release of innovative projects/coins, the higher the traffic and the wider the blockchain industry gets which creates more awareness for the global adoption of cryptocurrencies. You must understand that cryptocurrencies have come to stay. The adoption of cryptocurrencies has led to the increase in the release of more crypto projects with great potential but these projects lack acceptance, credibility and resources hence the projects fail before arrival.

The challenge posing the market has led to the creation of Ido launchpads. HARMONY LAUNCHER with its very unique and pioneering system and strategy offers its Launchpad being the first & dynamic launchpad with cross-chain, Swap & Passive income streams features, on the Harmony Chain. Our launchpad creates the opportunity for new, potential, innovative, and legit projects to be revealed to the public via our marketing setup. Funds will be raised for these projects through the sales of their tokens to the public and increase the trust of their investors.

We also tend to offer A Swap/Dex just like pancake swap with analytical tools which new upcoming projects can get listed and add liquidity to trade. Our Swap has Passive income streams which are very important today.

Business Development

Q — Ayeley from GAINS: Can you share the achievements the team has made so far? What are the major achievements target Harmony Launcher is yet to achieve…and your next 3 months strategy. Also, when can we expect the first launch?

A — Ankit from Harmony Launcher: We have raised 1.7 mil ~ at a valuation of 12 million in our private rounds and aim to raise an additional 240k in the public sale via hosting triple IDO on genesis shard firestarter and our own platform

Read more here.

In the upcoming 100 days, we would wish to acquire the following milestones

-CEX listing
-our DEX test-net launch
-our DEX mainnet launch
-migrate onto our DEX completely
-offer really attractive LP reward after DEX is live
-incubate at least 5 projects via our network and platform
-shift onto DAO structure.

Q — Twitter user @HarrisW0025: By being the first IDO+IGO platform on the Harmony network, how confident are you that you can contribute to the Harmony network?

A — Harshad from Harmony Launcher: Harmony Network has tremendous potential and with EVM compatibility being the quickest scaling option on the Ethereum chain and interoperability, we have immense faith that Harmony network is the giant dragon ready to explode and make its presence felt amongst the leading blockchain platforms. As with Harmony Launcher, we will act as a catalyst in order to bring the best of the projects onto the Harmony network and incubate and provide all the help to the promising projects and apps thereby helping the Harmony network grow as well.

Thanks for coming into our community, Ankit and Harshad, and taking the time to answer our questions. Do you have any final words for us? Where can we follow you to stay updated? — Ayeley Commodore-Mensah from GAINS Associates 🐋

Thank you for the amazing round and interesting discussion in the esteemed group. We are really thankful for inviting us and feels great to interact with you members. Thank you again from the HarmonyLauncher team and do join our Telegram channels and follow us on Medium and Twitter. Many surprises on the way. Also, you get the chance to win amazing prizes. — Harshad Wagh from Harmony Launcher

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