Blockchain
Starter IDO Launchpad Grew to #1 in One Year, raised over $40 million in seed, private and public rounds for 50+ projects
Starter.xyz (https://starter.xyz), the leading IDO launchpad, incubator, and investor network, which has raised over $40 million in seed, private and public rounds for 50+ projects across multiple blockchains, is celebrating its first anniversary. Starter.xyz is natively deployed on multiple top blockchain platforms: BSC/Binance Smart Chain, Polygon, Ethereum, Avalanche, Fantom.
Since its inception, Starter has had rocket development, taking first place as the go-to IDO launchpad after just one year and making it a milestone enabler for countless DeFi projects. As such, it’s a key resource for both investors and startups. Key innovations it has introduced at record speed: Vetting, Investor Protection, and Interoperability.
Within less than one year of its launch, Starter was named the leading IDO launchpad by ROI in Q4 of 2021 by CryptoRank, creating more than 50 times growth for its launch projects at their high point (53.3x ATH). How does a startup achieve that kind of result so fast?
Starter’s COO, Suvi Rinkinen, observed: “As a launchpad conceived to enable the widespread growth of DeFi, Starter was designed to ensure trust and provide quality for investors. This explains the rapid success that it has enjoyed early on.”
Blockchain has faced three main challenges which Starter has successfully solved with its innovations. These are:
- Identifying the legitimate, high-potential projects in an ever-growing pool of countless startups.
- Protecting investors from scams.
- Providing enterprise-grade, scalable technology and interoperability.
As a safeguard, all projects that conduct IDOs on Starter are curated and vetted by the community, ensuring objectivity and using systematic criteria to assess their quality. The vetting looks at all relevant project activities – assessing tokenomics, marketing, the roadmap, and team history.
To prevent “rug-pulling” – when a project conducts fundraising and absconds with the funds provided by investors – after a raise on Starter, an IDO’s funds are locked in liquidity pools and vested to bring yield in $START and $VEST in a win-win scenario for the investors and projects.
Starter began on BSC, which works with Solidity, the programming language used by Ethereum. That’s one of the reasons why the BSC platform has grown so fast, offering an alternative technology to ETH and the latter’s scalability impasses and high gas prices. Starter consciously chose BSC to start its launchpad/integrator while targeting the bulk of DeFi on Ethereum, and then quickly added interoperability with four more major blockchain platforms, thus vastly increasing the accessibility, value, and user-friendliness of individual projects and their offerings, beyond the potential locked on Ethereum.
In response to solving these key challenges, Starter has seen considerable traction early on. Within its first year, it has completed 50+ in sales (seed, private, IDO), some of which sold out in seconds, raised $40M+ for hosted projects, created an incubator fund amounting to $17M+ in assets under management, and has almost 160 projects using their Liquidity Locking Service, StartVesting.xyz, which has over $40M TVL. Starter incubated and created the popular, Tamagochi-inspired PlayToEarn game, “Starchi”, offering revolutionary staking opportunities with up to 898% APY. As a result of Starter’s early success, a second launchpad is in the making and soon to be announced.
To celebrate its first anniversary, Starter held a virtual birthday party and inaugurated a metaspace that will become an interactive digital meeting place to enable community engagement, live since March 1, 2022. As this short film shows, the forum will enable a new kind of virtual community interaction, inviting viewers to discuss everything from tokenomics to governance and new trends in digital assets.
The kickoff is Starter’s first native metaspace event at 11:00 am ET on March 10th, 2022. Participants are invited to join the event here. Access will be granted on a first-come, first-served basis five minutes before the event starts. The interactive program agenda will cover how projects like Cake Monster and Project Oasis worked with Starter to strategize their successful IDOs, and what advice they have for peers.
For additional information regarding Starter’s upcoming IDOs, please visit https://starter.xyz/. To learn more about Starter, Starter’s community, and how to begin investing, follow Starter’s Twitter, Reddit, and Telegram community channels. For upcoming events, follow Starter Announcements.
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.
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