SkyLaunch Solutions: Multi-Chain
SkyLaunch Utilises Multi-Chain Integrations to Alleviate Excessive Gas Fees
The IDO Launchpad has become the crypto startup entry-point standard, and I take nothing away, the protocol has helped enormously. From automating fundraising to improving the investing process and everything in between, it’s been a real game-changer. However, there are a number of areas that have considerable room for improvement, none more so than gas fees and chain restrictions.
There is a very common pain point that was mentioned in our opening article, and that is the fact that in the current IDO marketplace projects are faced with a choice — either fund your project easily using Ethereum protocols and accept the higher gas fees, or, take other, less simple and less exposure-friendly, but ultimately cheaper avenues. While the second option is perfectly possible, not only do these avenues frequently not quite have the infrastructure made available by the Ethereum protocol, there can be a greater degree of risk involved due to the volatile nature of younger, less-developed blockchains.
SkyLaunch was conceived as a solution to that fundamental problem.
The Solution — Multi-Chain Integrations
As previously mentioned in the Welcome to SkyLaunch article, we’ve already got the ball rolling on this front, striking up partnerships with Polygon and Binance Smart Chain, two popular Ethereum Virtual Machine networks. SkyLaunch uses cross-chain protocols that are as accessible as Ethereum while still allowing for full interoperability. This, of course, will have a hugely positive impact on the gas fees we are begrudgingly forced to cover in order to take full advantage of the Ethereum Network.
In addition to the above, we have a tremendous pipeline of fantastic partnerships and developments to look forward to. The SkyLaunch team are already working tirelessly to bring you further cross-chain integrations, with investigations already underway into more EVM-compatible blockchains including Avalanche, Fantom, and xDai, as well as non-EVM compatible chains including Polkadot, Cardano, Solana, and Cosmos.
While these cross-chain features solve this relatively simple issue in the IDO ecosystem — expensive fees — they offer so much more than that. These aforementioned integrations will give startups access to otherwise unreachable capital and features. Our projects will gain immediate access to amazing blockchains to explore and expand across, and our community will benefit from a consistent flow of high-quality projects from this ever-growing array of promising ecosystems.
This is just the first of many solutions SkyLaunch will bring to the IDO marketplace. Keep an eye out for each solution in future articles!
About SkyLaunch
SkyLaunch is a first in the IDO marketplace; the only platform in this area to offer complete project timeline support, in addition to a number of groundbreaking proprietary tools. We support new projects with an accelerator programme of pre-IDO services, combined with an independent industry leading governance council, as well as a post-IDO alliance support network to nurture and grow new blockchain projects.
The SkyLaunch project will change the IDO space as we know it. Born out of a need for simplicity, we will tackle and solve every problem in the launchpad marketplace. Whether your problem is gas fees, IDO allocations, hype-distractions, project support or just plain confusion, we have it covered.
SkyLaunch will ultimately become the IDO Launchpad of choice. A multi-chain platform that equips projects and their participants with the tools, technology, and support they need to succeed beyond the initial capital raise. You can look forward to a safe, supportive environment to support your project every step of the way.
Get involved!
Stay tuned in to our channels for more info regarding our own IDO, which will allow us to generate and distribute the SkyLaunch native token; $SKYFI. The token serves a multitude of purposes, including governance capabilities, staking opportunities, liquidity rewards, and allocation mining. The token benefits even extend into discounts on our premium features. For more information, check out our future posts.
Learn more about SkyLaunch on our website.
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