Blockchain
FLy, the risk-free Launchpad solution for protecting money when investing in an IDO
Participating in an IDO can be lucrative most times for an investor, but at certain times it can be quite tricky searching for the new x100 crypto gem. If you want to know what an IDO is, and its pros and cons – read our article at VRM Research.
IDO’s are not always profitable.
Unfortunately, pre-sale & IDO investors are sometimes left holding worthless tokens.
As examples of the cases with such situations, look at Crypto Puzzles IDO results with -92,8% ROI:
And Algo Painter with -82,8%:
It happened for different reasons, such as a developer failed to provide liquidity or initially providing the liquidity only to later remove it (this is called “rug pulling”).
Rug Pull
A rug pull is a situation when crypto developers abandon a project and run away with investors’ funds. Rug pulls sometimes happen in the DeFi ecosystem, especially on DEXs, where malicious individuals create a token and list it on a DEX, pair it with a leading cryptocurrency like Ethereum.
But once a significant number of investors swap their ETH for the listed token, the creators then withdraw everything from the liquidity pool, driving the coin’s price to zero.
Ensuring that you don’t fall victim to a rug pull
Decentralized exchanges such as Uniswap algorithmically determine the prices of tokens in a pool depending on the available balances. Check the project’s liquidity in a pool before you invest, and check if there is a lock on the token’s pool for a certain period. But it’s not possible all the time, because not every project adds liquidity to the pool before an IDO.
Even if the project looks reliable and worthy, even if it has well-known investors and companies, it doesn’t guarantee positive results. The coin’s creators may even create a temporary hype around Telegram, Twitter, and other social media platforms and initially inject a substantial amount of liquidity into their pool to cultivate investor confidence and to drive FOMO that leads more people to invest in the token.
FLy protects customers and investors from the risks of an IDO
Driven by the principles of complete transparency and understanding investors’ needs, the FLy team has developed a Launchpad platform that provides its users with a high degree of risk protection within the volatile space of DeFi investing.
The FLy ecosystem, powered by its utility token Franklin (FLy), serve as the fuel that power the platform. FLy is a utility token with an actual purpose: hold FLy Tokens to get access to the Launchpad and risk-free IDO which is a distinguishing feature amidst other launchpad platforms. FLy token holders also get access to such solutions as trading signals for manual and API trading produced by quantitative trading algorithms, FLyDEX for traders and DeFi solutions for FLy token, such as staking and farming, a network bridge, escrow and more to come.
Risk-free IDO on the FLy platform. Case study
As we had mentioned previously, an IDO can be risky for investors. That’s why it’s extremely important to participate in such an investment type using the right platform, that ensures maximum benefits for its community of investors and protects its customers.
As an example, on August 5th 2021, a project called CFL365.Finance had an IDO for its token on the FLy Launchpad platform. The IDO was fully deposited within 30 minutes of starting and closed with a gained deposited amount double of what was necessary. But unfortunately, the $CFL365 token performance didn’t suit the risk management profile.
FLy cares about the community and to keep the community in profit, it stopped token distribution. To ensure the FLy community from losses, all USDT tokens that were participated in the IDO were unlocked.
Moreover, FLy Launchpad participators got an airdrop in $CFL365 tokens for free according to the FLy tokens amount in their wallet.
The FLy launchpad is risk-free, so the team doesn’t leave their community without refunds in case of bad project performance. All information about the IDO process is sent to the community through the FLy and BO Newsletter and official Telegram Global community channel.
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.
Helping Journalists Stay Up to Date on Industry News
These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.
Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:
- Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
- Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
- Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
- Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.
The post This Week in Finance News: 11 Stories You Need to See appeared first on .
Blockchain
Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR
-
Blockchain Press Releases4 days agoNotabene Raises $14.5M in Series B Funding Led by DRW VC to Drive the Future of Stablecoins and Payments
-
Blockchain Press Releases5 days agoMoby, Engages GSR to Enhance Liquidity and OTC Trading for Moby Token
-
Blockchain5 days ago
The First Cold Wallet for Miners: EMCD & Tangem Launching Limited Edition Wallets
-
Blockchain6 days agoBybit Web3 and Aptos Kick Off APT Ecosystem Airdrop
-
Blockchain Press Releases3 days agoBybit WSOT 2024 Shatters Records with $100 Billion in Trading Volume, Redefining Crypto Trading Competition
-
Blockchain Press Releases6 days agoQCP Trading Receives In-Principle Approval for Major Payment Institution License in Singapore
-
Blockchain Press Releases5 days agoBitget Lists peaq (PEAQ) on Launchpool with 12,125,000 Tokens in Rewards
-
Blockchain3 days agoMoney Transfer Apps Industry Worth $47.67 Billion by 2029 – Regional Markets Analysis and Profiles of Leading Players PayPal, Western Union Financial Services, Wise Payments, Remitly, WorldRemit, Revolut & More
