PolkaFoundry Update: Postponing IDO

Alex
Alex
Mar 8 · 2 min read

Due to the recent incident at PAID Network, we will be postponing our launch date and forming a new launch strategy. The launch date on DuckSTARTER will also be delayed but users can continue to do whitelisting there as normal. Whitelist on DuckSTARTER will be closed at 2 pm UTC, 8th March 2021.

PolkaFoundry’s dual IDO was initially taking place on DuckDAO and Ignition on 10th March. To ensure we reflect our community’s values, we will be holding an emergency meeting with the team to decide on our best plan of action going forward. We look forward to continuing positive community support. For the upcoming IDO details, we will soon release details on our official channels.

PolkaFoundry believes that the unfathomable incident which occurred recently has instilled a need for increased safety and security. Being a community-centric platform for dApps, we completely understand the nuances of the same. The Whitelisting process of the DuckDAO IDO will take place while upholding our commitment to data privacy and security. We believe that our supportive community will participate in the DuckDAO Whitelisting process with the same thrill and excitement.

We will work tirelessly to ensure that our community is safe and will be announcing the new IDO plan shortly.

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