How to launch IDOs on Multiple Platforms, Part II — Polkastarter, BscPad, Duckdao, BscStarter, Poolz, PaidNetwork
Centralized and decentralized exchanges both have advantages and disentangles based on what they are used for. The main difference between the two is the existence of the middleman (or a third party), which helps conduct the transactions in the centralized exchange.
In our previous article, we answered the question of what is IDO. An IDO, or initial DEX offering, is the latest way for crypto projects to sell their tokens to the public Last summer a decentralized blockchain/AI platform, announced that it will hold an Initial Dex Offering (IDO) on Binance DEX. We could say that IDO is a fundraising method that will enable protocols available for traders. IDO is different from other common fundraising schemes, and according to Binance, it can lead to a progressive revolution in the crypto arena. While ICOs and IEOs dominated crypto companies’ fundraising in the past, it seems that Initial DEX Offering is becoming the preferred method to distribute tokens and raise capital in DeFi.
We also spoke about launching the IDO on Polkastarter and BSCPad. In this article, we will talk about How to launch IDO on Duckdao and BscStarter.
What is a DuckDAO?
DuckDAO is a decentralized incubator that helps promising projects achieve their full potential by leveraging the investment power and buzz-making potential of our community.
Participation in projects can be divided into three tiers:
Tier 1 (Incubation), where work is done on projects from the very beginning to the points listed on the exchange
Tier 2 (Strategic Contribution Level) in which DuckDAO assists with social media strategy projects, including Twitter and Telegram.
Tier 3 (General Contribution Level) where DuckDAO manages OTC sales and community requirements.
The DuckDAO members are called Ducks. DuckDaoDime (DDIM) is DuckDAO token which they distribute to users who join their token-permissioned Telegram communities. Those tokens can be leveraged to access community tiers. To access each membership tier, Ducks need to hold at least a fixed minimum number of DDIM tokens in their MetaMask wallet. DDIM can be purchased on Uniswap or earned by participating in community events, such as interactive interviews (AMAs). Members in higher tiers have a larger personal cap.
Using a tiered system, DuckDAO gives holders of the DDIM token early access to private token sales. Moreover, DDIM holders can yield farm DUCK tokens, which offer allocations in DuckDAO’s public token sales. The DuckDAO community is highly engaged and committed to helping shape the future of the project.
Their token-permissioned membership groups are
The Duck Fightclub: 10 DDIM
Beach Club: 200 DDIM
Gentlemen’s Club (VIP): 2,500 DDIM
Diamond Club (VVIP): 10,000 DDIM
Duck Allstars Club: Top 10 DDIM holders per level
To become a member, simply press on the yellow Join DuckDAO buttons, where you will be redirected to DuckDAO Lobby and follow further instructions.
Since the Duck Liquidity Pool Token (DUCK) is earned as a distribution of market-making profits, Duck Farmers (those who contributed to the liquidity pool) share out of the profits paid out in stable coins. They will receive a share of 50% of the earnings from the Duck DAO market maker business. DUCKs are used to fund the DuckDAO market makers at the initial stage and also to launch its business operations.
Part of the reward system for Farmers who participate in staking is the ability to earn multiple Duck tokens at peak weeks. A Peak week is the time of the year that yields farmers earn multiple Duck token rewards. There are three peak weeks in a year for each farming pool based on the reward model.
What is a BscStarter?
BscStarter The Binance Smart Chain, boasts itself as a community-owned network for raising capital on Binance Smart Chain. Users can filter through the messy landscape where rug pulls overshadow the great potential of a growing ecosystem by voting “Yes” on the projects they believe should make it through to the funding stage and voting “No” on the ones they think should not. They become the go-to platform for new product launches based on Solidity, and for existing projects looking to stay alive. It is a community-governed launchpad for raising capital for BSC projects, that isn’t filled with government red tape and KYC rules. Instead, it is the BSCstarter community that will determine which projects to list. It is the BSCstarter community that uses their collective due diligence and DYOR skills to vote Yes or No on projects coming through BSCstarter looking for funds.
Applying for a sale on BSCstarter is very simple. Anyone can apply using the application process. After submission, your presale smart contract is generated. Community members who hold a minimum balance of START have the opportunity to perform due diligence on your project and vote yes or no. Projects with more Yes votes will be approved to start the sale.
Every project approved by the BSC community is automatically given a variable START Incubation Grant, with a 30-day lock from the day of listing on PancakeSwap.