Wen IDO? A look at Impossible’s Launchpad performance
Hey Bulls!
With the end of this year’s first quarter, we want to give you an update on the Impossible Finance launchpad and our team by sharing a behind the scenes peek at our performance and progress.
Launchpad Performance
The data above has been taken from Cryptorank on the 25th of March, 2022, and compiled by our team. As seen in the chart, Impossible Finance is leading the space when it comes to the current average ROI of IDOs. This highlights how projects that we work with are able to grow and perform after launching on our platform, regardless of market conditions.
As a relatively new platform, the number of IDOs we have conducted is only 10. However, this is also because the Impossible team prioritizes quality over quantity in efforts to uphold our vision and mission. As such, the research team always conducts thorough research assessing multiple factors before approving the launch of an IDO. By including research in the decision making process, Impossible is able to give users access to high-quality projects we believe in long term.
Moreover, the minimum amount to participate amongst the launchpads in the chart above is the lowest at $0.53. With the lowest barrier of entry, more users can gain access to high-quality crypto opportunities and benefit more from the crypto space.
Project Highlights
Are you ready for some awesome news on what our projects have been up to?
#1 OpenSwap joins the Seahorse Initiative
Through the partnership, OpenSwap will issue vouchers on the Solv platform and build on the staking reward use case with OSWAP Vesting Vouchers!
#2 HIGH listed on Coinbase
At the beginning of March, Coinbase listed Highstreet’s HIGH token. Users can now enjoy the HIGH-USD trading pair. Highstreet is the first Impossible launchpad project to be listed on Coinbase.
#3 Genopets won the Metaplex Community Impact Award in Gaming
Genopets won the Gaming category of the Metaplex Community Impact Awards which honors projects, people, and initiatives that are making a meaningful impact on the future of NFTs and Web3.
#4 Ariadne among the first projects to tap into NEAR and receive a development grant
Ariadne is receiving direct tech support from NEAR core developers and a grant program that sponsors NEAR-specific development.
#5 SPRT listed on Bithumb
SPRT was listed on Bithumb, giving Korean users an easy way to access the tokens and also support Sportium’s focus on K League collectibles.
#6 Starbots NFT sale sold out in minutes
The Starbots NFT sale on Magic Eden sold out in under three minutes, highlighting how the community is eager to jump on board.
#7 SPRT 100x from the public sale token price
On 1/03/2022, SPRT’s price successfully hit an all-time high of US$3.75 which is 100x from the Impossible public sale token price of 0.03 BUSD.
Wen IDO? Soon!
Even when all seems quiet, the Impossible team is still hard at work! We have been attending conferences, including the recent AVAX Summit, to connect with builders, projects and the greater DeFi community.
This also includes online events such as the upcoming GeckoCon, where our very own core BUIDler, Calvin Chu, will be sharing his insights and thoughts on the space and encouraging everyone to learn and discover more. Anyone interested in learning more about the crypto space at GeckoCon can also enjoy a 70% discount with our promo code: 4ZX979.
Other than that, we attend an average of 10 calls per day with potential projects to explore opportunities to collaborate and grow the space. The Impossible team is always following the market to discover new and exciting opportunities and also stay up to date on what the community is interested in. In the past few months, we have added new members to the team to double down on our efforts to continue growing Impossible Finance.
As we move forward into the second quarter of the year, we eagerly look towards growing the Impossible launchpad and community with you.
Thank you for your support and let’s continue to BUIDL the Impossible together!
About Impossible Finance
Impossible Finance is a multi-chain incubator, launchpad, and swap platform led by Ex-Binance & DeFi veterans. It offers a robust product-first ecosystem that supports top-tier blockchain projects to targeted user audiences. With extensive support from key leaders in the crypto industry, Impossible Finance simplifies DeFi for users to enjoy fairer investing, cheaper trading and better yields.
Website | Twitter | Discord | Telegram | Medium
Risk Warning: Trading and/or generally investing in any cryptocurrency involve significant risks and can result in the complete loss of your capital. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Before investing, please consider your level of experience, objectives, and risk tolerance, and seek independent financial and legal advice if necessary. It is your responsibility to ascertain whether you are permitted to use the services of Impossible Finance based on the legal and regulatory requirements of your country of residence and/or applicable jurisdiction(s).
Full disclaimers: Please access this link for the legal notices relating to this document, its content, and the relevant risks.
