MoonEdge, the First IDO Launchpad Platform Deployed on Polygon
— In July 2021, Krypital Group officially announced the completion of a strategic investment in MoonEdge, the first launchpad on Polygon.
Introduction to the MoonEdge Project
MoonEdge is the first IDO Launchpad platform deployed on Polygon. MoonEdge is committed to providing a fairer token distribution for the blockchain community and a compliant fundraising process for high-quality projects.
Potential
IDO serves as the primary vehicle for fundraising new projects on the blockchain. Even though IDO has a number of advantages over older fundraising models (such as ICOs and IEOs), its benefits can be limited when transaction costs rise. This is especially true in the Ethereum network domain, where transaction costs cannot continue to skyrocket. When the cost of interacting with network contracts becomes too high, these soaring gas fees can become a disincentive for the average investor to participate.
The average price of Ethereum (in USD). Source: charts.coinmetrics.io (on May 18, 2021)
We’ve already seen stellar Ethereum projects like Aave, mStable, Curve Finance and Instadapp on Polygon. The number of users on the Polygon ecosystem has more than quadrupled between April and May. Moreover, users will continue to grow as more applications are added. We believe that more new projects will launch directly onto Polygon’s Layer 2 solution in the future. Join the Polygon ecosystem.
Data source: Alex Svanevik (on May 5, 2021)
Trustworthiness
MoonEdge has implemented strict selection criteria for projects launched on its platform to ensure that only top-tier projects are brought to the community, minimizing the risk of fraud and/or deception as a result.
Fair Distribution
MoonEdge’s fair distribution system entitles every MoonEdge token holder to participate in high-quality IDOs listed on the platform. This system is constantly evolving and will soon be managed by the community.
Comprehensive Support
MoonEdge and its partners provide complete professional support for projects launched on the platform. This allows their teams to benefit from technical, marketing, consulting, and legal support while ensuring that projects receive all the resources they need to reach their full potential.
Krypital Group is pleased to be one of MoonEdge’s main investors. We have a strong belief in the Polygon ecosystem and we expect MoonEdge to play a key role in its widespread adoption. We are strongly aligned with MoonEdge’s vision of equitable distribution by design and providing help for the growth of quality projects. It’s been a pleasure working with the MoonEdge team, and we look forward to realizing our common vision together!
According to the latest news, MoonEdge will be released on IDO on July 27 at 1 PM (UTC).
Apart from Krypital Group, other institutions that participated in the strategic investment in MoonEdge include SkyVision Capital, ChainGuardians, X21 Digital, NGC Ventures, Axia8 Ventures, Chainflow Capital, Hyperion, Signum Capita, etc.
About MoonEdge
Twitter — https://twitter.com/moon3dge
Telegram — https://t.me/moonedge
Telegram Announcements — https://t.me/moonedgeANN
Medium — https://moonedge.medium.com/
About Krypital Group
Founded in 2017, Krypital Group is a leading global venture capital firm and blockchain incubator with active arms in North America, Asia and Latin America. Vested in a complete blockchain ecosystem, the company has specific investment funds for both primary and secondary markets, as well as providing end to end services such as project incubation, brand management and technical advisory. To date, Krypital Group’s investmentsand incubated projects are valued at over $1 billion.
Find more information about Krypital Group on:
Website: https://krypital.com/
Facebook: http://bit.ly/2FHP3ko
Twitter: http://bit.ly/2FRI984
Telegram: https://t.me/Krypital
LinkedIn: http://bit.ly/2HDZd1Z
Medium: http://bit.ly/2u1kUqU
Reddit: http://bit.ly/2IvlqAw
