These Four Core Features Make LaunchGarden a Truly Unique Crypto Launchpad

It’s one thing to have a great idea for a dApp, another to execute. That’s why launchpads/initial DEX offerings (IDOs) have become essential components to the industry’s long-term success, providing the necessary financing to get promising projects off the ground.

But unlike other crypto launchpads, LaunchGarden primarily focuses on developing organic communities to sustain these projects rather than just providing capital. LG’s launch possibilities are extremely customizable as we’ve implemented extensive design measures to ensure that projects launching on the platform can do so smoothly and successfully.

We do this by emphasizing four core features on our platform:

1. Airdrops

While some airdrops are merely a one-time incentivized gift, ours currently possess three key benefits:

• Reward early supporters with native LaunchGarden tokens ($GRDN), along with tokens from platform partners, for completing various tasks (social media posts, raffles, etc.).
• Acquire new users to an existing platform through token distribution.
• Bootstrap market liquidity with the token supply.

How do you sign up? Simple. We’ll take a snapshot of the chain’s block height; based on it we derive information about your account, like $ROSE and $GRDN balances. If the right conditions are met, you can register to participate.

We’ll run both whitelisted and public airdrops. You can secure a WL spot by completing a series of promotional tasks, which vary per project, and by staking $GRDN or delegating $ROSE to the LaunchGarden validator node.

There are three options for the drop process:

• Linear: Tokens distributed proportionally according to ROSE/GRDN account balance.
• Quadratic fairdrop: Tokens awarded proportionally as a square root of the account balance, favoring small accounts over whales).
• Fixed: Every account receives an equal amount). Why a trio of choices? We want flexibility when dropping tokens plus want the community and projects launching on LG to provide feedback on which method/s they prefer.

You’ll receive token airdrops via a claiming mechanism rather than having them sent directly to your wallet; just visit the LG platform, connect your Metamask wallet, and acquire them once your account has been approved to claim.

2. Token Swap

The token swap is a simple mechanism. We didn’t want to generate a complicated one like an Initial Liquidity Offering (ILO) to start, so we’ve chosen a straightforward method that helps establish a simpler and more enjoyable LG experience.

Using the snapshot, we’ll collect all wallet addresses to determine their $ROSE and $GRDN balances. Additional whitelisting conditions may also apply, including staking both these tokens. We want to ensure you get an opportunity to truly commit to the success of LaunchGarden, projects launching on the platform, and Oasis Network.

Funds are raised using popular stablecoins Tether ($USDT) and USD Coin ($USDC) along with Oasis Network’s native token, $ROSE.

There are three different pools:

• Equal sale: All whitelisted users can purchase an equal amount of tokens.
• First come, first serve: Any whitelisted address may buy as many tokens as they like until all the tokens are sold.
• Public valuation sale: A project puts a percentage of their tokens to raise capital, which is then deposited into a smart contract until the expiration of the deposit time, resulting in an accurate market valuation.

3. Supercharged Staking

We believe supporting Oasis Network’s validation level remains crucial to maintaining security and decentralization, so we’ve built this mechanism into LaunchGarden and started “supercharged staking.”

Garden token staking mechanisms are more distinct than typical staking models that produce a single return. Simply delegate your Oasis tokens into our validator node. In return, delegators receive both $ROSE and various LG project tokens as staking rewards. If you commit 10,000 $ROSE or more, you’ll get 10% APY, a LaunchGarden NFT collection whitelist spot (launching on MetaMirror), and $GRDN! The rewards we receive from the validator node will burn Garden tokens, generating a slow but steady decrease in token supply.

4. Decentralized Application (Dapp) Voting

In Dapp Voting, you can lock your Garden and receive Staked LaunchGarden ($sGRDN) tokens in return, which are used to vote/garner support for a single project launching on LG. sGRDN’s voting rewards are automatically distributed to holders so that one-third (⅓) will be awarded proportional to the amount of $GRDN in your account. The remaining two-thirds (⅔) of $GRDN rewards will be distributed according to the project’s popularity. If one has 70% of all $sGRDN pledged to help it grow, it’ll receive 70% of the remaining rewards (⅔ x 70% = ±47%).

However, there’s another mechanism to consider. The pledged project will also receive a portion of the $GRDN voting rewards, with 15% to be distributed to the project itself. Using the previous example, one with 70% popularity would get 7% (47% x 15% = 7%). This means the project capable of capturing 70% of the vote among all staked Garden holders would receive 7% of all Garden rewards. We’re confident that this mechanism will work to both provide financial support to promising LG projects and stimulate engagement with the LaunchGarden community.

Time to Visit the Garden

It’s clear that LaunchGarden’s distinct approach to nurturing new Oasis projects will help invigorate the entire ecosystem. Now you can the same by joining our newest MetaMirror Mbuddy LaunchGarden x The Garlies and LaunchGarden x Seibara campaigns to win whitelist spots. Meet a few simple requirements like following us on social media and you’re on your way to supporting and earning. Just remember, both promos end on October 30, 2022 so join today!