TomoChain
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TomoChain

Introducing LuaStarter — the Multi-chain IDO Platform on LuaSwap

The first IDO platform to onboard dozens of emerging projects to LuaSwap’s multi-chain ecosystem, with improvements to tackle the most critical problems of existing launchpads.

We’re excited to announce the launch of LuaStarter, the first Initial DEX Offering (IDO) launchpad built on LuaSwap, aimed at providing a secure environment for early-stage projects to raise funds, create awareness and liquidity on multiple chains. At the same time, it’ll also offer crypto investors an equal chance to discover more projects and investment opportunities in a streamlined process.

Our approach

We’ve noticed several problems in the current DeFi ecosystem with respect to fairness, security, and transparency. To solve the existing problems, we’re going to introduce the following initiatives:

Multichain

LuaStarter will be available on both TomoChain and Ethereum versions of LuaSwap, enabling all TOMO and LUA holders to participate in the DEX offerings of quality projects that are carefully selected by crypto experts.

Tier Guaranteed System (TGS) model

The TGS is a multi-tier token allocation model based on user’s staked TOMO and LUA. This unique structure provides the flexibility and an opportunity for all investors to participate in the IDOs in a fair and efficient manner (More details will be explained in a separate post).

SEAT mechanism

A Selection process has been set in place to ensure that only credible projects will be listed. The TGS model has made it Easy for all investors to participate in the IDO while joining other projects at the same time. The token allocation will also be Adaptive depending on the pool weights. The Tier total counts will include user’s holdings on both TomoChain and Ethereum to ensure an equal opportunity for all participants.

At LuaStarter, we envision that the integration of DeFi and Blockchain plays a vital role in the success of the whole community. Hence, we define LuaStarter’s core values as Security, Integration, and Scalability (SIS), which is a very different approach from other launchpads. As a result, LuaStarter aims to provide the most secure environment, integrating project creators, institutional investors, and retail investors into the DeFi ecosystem, then improve the scalability as a whole.

About TomoChain

TomoChain is a scalable blockchain-powered via Proof-of-Stake voting consensus and used commercially by companies globally.

TomoChain’s mission is to accelerate the onboarding of millions of users by empowering today’s applications with technology that masks the friction of Blockchain, all while retaining its underlying benefits.

About LuaStarter

LuaStarter is the first multi-chain fundraising and Initial Distribution Offering (IDO) platform based on LuaSwap exchange.

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