Genesis Pool to launch its 2nd IDO: Transient

GPool delivering its second impressive IDO for its investors

Admin Genesis Pool
Genesis Pool (GPool)
3 min readSep 24, 2021

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Genesis Pool (GPool) the decentralized cross-chain launchpad, that only launched its own native token last month, is excited to announce its second IDO launch, Transient, the Smart Contracts Global Marketplace, and one of the most innovative projects spearheading blockchain adoption.

GPool committed to launching 3 IDOs in quick succession after its own launch and today’s announcement, of its second IDO, proves that it is serious about delivering on its promises and giving its investment community a deal flow of high quality IDOs for its investment consideration.

Transient: The Smart Contracts Global Marketplace

Transient is an ecosystem built from the ground up to facilitate smart contract adoption across every sphere of industry and life. Its design-led intuitive web portal removes human intervention and the need to understand complex programming languages, allowing everyone the opportunity to create and use smart contracts in their everyday life. This is truly groundbreaking and why Transient will become ‘The Amazon of Smart Contracts’.

GPool Early Investment

Genesis Pool has been working with the Transient team for a long time already and through this relationship GPool has been able to secure $1.2m worth of tokens for its community.

In line with its philosophy of allocating more tokens to its investors, Genesis Pool will give all whitelisted investors the chance to purchase $500-$1000 of Transient tokens in the IDO, subject to the whitelisting process.

Transient IDO Timeline and Tokenomics

Target Raise: $1,200,000

Price per token: $0.04

Allocation amount: $500-$1000

Allocation Type: Public Round

Vesting Period: Tokens will be unlocked immediately.

NB: The private and seed investors have a vesting period of until 10 months from the date of exchange listing. More details for the same will be shared by the Transient team.

27th September 01:00 PM UTC: Internal AMA (AMA in the GPool Telegram group with the Transient project lead

29th September 12:00 AM UTC: Whitelist begins

03rd October 12:00 AM UTC: Whitelist ends

06th October 12:00 AM UTC: Round 1 begins

07th October 06:00 AM UTC: Round 1 ends

07th October 06:00 AM UTC: Whitelist for the Round 2 begins

09th October 06:00 AM UTC: Whitelist for the Round 2 ends

11th October 12:00 AM UTC: Round 2 begins

12th October 06:00 AM UTC: Round 2 ends

Whitelisting will take place through the Genesis Pool website and further details will be released on how to participate.

Further information on Transient

Transient is a brand new company pioneering the evolution of smart contracts, allowing individuals and traditional companies to take their first steps into this world through their automated smart contract generating platform.

Transient will allow anyone to build and execute fully automated smart contracts that are verified on the blockchain.

The key advantage to using this technology is:

  1. Fast, secure and immutable: easily created, cant be changed, verified by
  2. Transparent, accurate and no need for expensive intermediaries
  3. Cover digital and physical assets and intellectual property
  4. Contracts subject to real time data

NFTs, gaming and now…smart contracts?

The huge buzz around NFTs directed a lot of non-crypto eyes to the market. Investors from all around started to wonder what was the reason behind the 7 and 8 figure digital arts selling and if they could — in any way — profit from it. The same can be said for the even most recent blockchain gaming explosion. Both blockchain gaming and digital art became entrances for lot’s of new users to the crypto market. The potential next big thing? Smart Contracts for non-coders.

Security of the Smart Contracts

As the team looked for a preferred partner to utilise now and into the future, it was clear that Omniscia’s track record in this space was second to none — servicing over 50 clients, including Fetch.AI (FET), Alliance Block (ALBT), Polkadex (PDEX) and Kusama (KSM) to name a few, the results spoke for themselves and the decision in the end, was a simple one. Transient and Omniscia will work closely together to execute Transient’s mission of bringing to life its global marketplace and bringing the world the ‘Amazon of Smart Contracts’.

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