Plethori Announce Partnership With Cardano-Based Launchpad — CardStarter
Plethori have forged a strategic partnership with Cardano-based launchpad, CardStarter, who have brought to the market the first insured launchpad for projects operating on the Cardano blockchain.
CardStarter themselves have chosen to launch on the Ethereum network initially, as a means of gaining traction and notability within the crypto sphere. Building a community of Ethereum network users ensures a solid foothold in the market, and will provide the base support necessary to offer the screened projects that will inevitably launch via the CardStarter accelerator.
Projects launching through CardStarter are chosen for their exceptional fundamentals and high chances for success. The insurance policy is such that projects are required to pay into a designated treasury, which will be used to compensate investors should they lose funds as a result of team negligence.
CardStarter will migrate their entire project, platform, and community from Ethereum to Cardano, once projects can deploy through Cardano’s Plutus Platform.
The New Alliance
CardStarter will provide Plethori with support surrounding their research and development into cross-chain platforms. Their assistance will of course take on particular relevance with regard to Plethori’s development into the Cardano blockchain.
In return, Plethori will construct a dedicated “CardStarter ETF” that incorporates a selection of some of the top projects that list via the CardStarter Launchpad. This dedicated ETF will be of enormous benefit to both communities — the advantage to CardStarter’s donors will be in the targeted promotion of the projects (of which they hold tokens) included in the ETF. Plethori will also generate publicity for CardStarter through the advertising of the ETF, arousing interest in CardStarter and assisting in the expansion of their community. This would in turn facilitate a wider investor base for the early stage projects launching via their platform.
The advantage of this alliance for Plethori’s community will be in the promotion of their platform to CardStarter users. The ability to purchase an ETF made up entirely of their favourite Cardano projects will undoubtedly spark interest.
This partnership will create a strong Cardano-based support network for Plethori as and when they move into the Cardano blockchain. It will also provide their users with a specialised ETF made up entirely of top class Cardano projects.
About Plethori
Plethori is a Cryptocurrency ETF Investment Platform that allows open trading and creation of trustless ETFs by utilizing blockchain technology and layer 2 solutions. The platform offers decentralized cross-chain investment for exchange-traded funds built on the Ethereum and Polkadot blockchains. This service will allow investors to deposit capital and invest in a wide range of ETFs enabling investment into entire cryptocurrency industries such as insurance, oracles, NFTs, Derivatives, Polkadot ecosystem projects and many more.
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