The primary market dApp to supercharge Solana
The SolanaPrime launchpad brings long-overdue solutions to the ecosystem.
SolanaPrime is the Solana-powered, token- and NFT-based, fully decentralized IDO launchpad platform aimed at fulfilling a wide range of web3 use cases on a global scale. Why Solana? Read our previous post.
Web3 seems to be just around the corner and savvy investors are more cognizant of innovation than ever before. However, from their viewpoint, nearly every launchpad out there suffers from the same lack of secondary markets for IDO (or pre-money) allocations. The only way for serious investors to make a return on excessively capital-intensive tiers is to participate in every IDO out there with the hope for significant gains (multiple Xs) during the liquidity events. Surely there must be a better way. Most of the time, it all comes down to the launchpad design itself. As a relatively recent innovation in crypto, most launchpads are “not quite there yet” due to several issues that have to be addressed:
A launchpad should be able to bring viable tier economics to its users. Many launchpads follow the same formula for tiers and are too careful not to ‘rock the boat’ by trying to solve the problem of not-too-capital-efficient, predatory tier structures. Such an approach can only stifle innovation in the long run.
While Ethereum has provided a large ecosystem to play in, it is not enough. The prohibitive Ethereum gas costs have catalyzed a liquidity and volume migration towards more capital-efficient, layer-1 networks. The battle between layer-1 networks for the crown to dominate the web3-powered DeFi landscape is intensifying and Solana is on the very forefront of it. We think that each launchpad should serve its own ecosystem network and Solana is the one that we have chosen for obvious reasons.
Of course, we have to also mention the fallacies of centralized governance. We are convinced that the only true way to disrupt the traditional primary markets is to empower the community and to genuinely democratize the pre-money funding pipeline. But since venture capital brings so much value with it and has access to significant amounts of capital (more so than retail), we must find an approach to disruption that doesn’t threaten to discourage the parties with the most amount of capital to allocate to the GameFi/Metaverse/Web3 market.
New-wave launchpad dApp on Solana
As industry veterans, we have designed SolanaPrime as the ultimate launchpad with built-in solutions to tackle the scalability and efficiency problems of current launchpad designs. We have implemented a unique insurance fund to protect investors and ensure maximal capital efficiency. We have introduced tradable NFT tier allocations that will supercharge token velocity, and make staked PRIME capital work. We have generated an $SPIX pool, which will contain a basket of all tokens that have IDO’d on Solana Prime, allowing the community to gain exposure to a less risky portfolio index token for all projects that launch on SolanaPrime. We have ensured that the PRIME tokenomics will be hyper-deflationary due to IDO participation fees.
SolanaPrime looks for inventive ways to solve the above-mentioned issues generated by the rapidly developing launchpad sector. We are not here to copy/paste tried-and-failed mechanisms. Fuelled by academic expertise and innovation, SolanaPrime aims to become the most efficient, venture-funding Web3 platform out there.
SolanaPrime’s special powers
- PRIME Smart Tiers
Consists of the Pool Weight Multiplier, Pool Odds Multiplier, Distribution Balancer Factor, and the Tail Balancer.
- PRIME Index
Every project that launches and IDOs on the SolanaPrime platform will contribute a percentage of the tokens that IDO on the platform to the SolanaPrime SPIX Pool. This pool will mint the $SPIX token, its value will be intrinsically backed by the basket of IDO tokens underlying it and users can pay a premium to redeem the underlying tokens.
- PRIME Charge
PRIME unstake carries a charge with it. The fee gets burned.
- PRIME DAO
PRIME is used to vote on system parameters, introduce improvement proposals, and other initiatives.
- PRIME Burn Booster
Users can burn PRIME proportionately increasing the odds multiplier and the pool weight. The effect lasts for one IDO. The Burn Booster is a much cheaper option than buying the amount of PRIME required for the same weight and multiplier.
We will be delving deeper into SolanaPrime’s unique infrastructure in our upcoming blog posts.
This is only the beginning. If you truly wish to be at the forefront of the Solanaverse, follow us:
https://twitter.com/solana_prime
https://t.me/SolanaPrimeOfficial
