Approach to Launchpad Issues
Discussing our approach to the major flaws of many IDO launchpads.
1. Unfairness Due to Chance Allocation
Systems that rely purely on whitelisting can be unfair since they rely on luck, with some people having faster internet connections or using bots to complete the process immediately when it becomes available online. The process is time-consuming and requires manual confirmation of entries, leaving little room for error, or participants may lose their chance to participate in the token offering. Bots also have the ability to drive up prices, causing ordinary investors to buy tokens at inflated prices or miss out altogether.
[Our Solution: Hybrid Allocation Model]
To take part in our upcoming Initial DEX Offerings (IDOs), your qualification will depend on the tier of SERA tokens you staked. Higher tiers will enjoy a guaranteed allocation, while lower tiers will have the chance to win an allocation through our lottery system. Additionally, anyone can win a ticket for the community pool, which is a small portion of the pool size reserved for the public by completing a set of social tasks. This strategy balances luck and certainty, ensuring that any qualifying participant receives an allocation, even for the most sought-after presale. Assigning a significant allocation based on a participant's tier is impractical since it could be subject to manipulation. Syncera has devised an inclusive solution that benefits all token holders, with a low entry threshold.
2. Lengthy and Complicated IDO Process
Participating in an IDO process can be time-consuming and confusing, as it involves repetitive tasks and lacks proper user interface. Moreover, the IDO itself may only last for a few seconds, which adds to the pressure on the participants to constantly monitor the situation and even disrupt their schedule.
[Our Solution: Streamlined IDO Process]
At Syncera, we strive to make the IDO process more user-friendly and offer more investment opportunities to our investors. We recognize that time is valuable and aim to provide a streamlined and efficient experience for our participants. To achieve this, we will enhance our platform, ensuring that the process and information are clear and concise. Typically, the token sale phase will last between 24-72 hours, providing ample time to prepare funds and contribute to your designated allocation. However, failure to contribute during the designated token sale period will result in a loss of allocation. Our ultimate objective is to make the IDO process a hassle-free and enjoyable experience for our users.
3. Unfair Token Distribution
We often see projects with an unsatisfactory token distribution model where a small group of parties obtain nearly the entire presale supply before it even reaches the public IDO. As a result, smaller investors have limited chances of receiving an allocation and must not only depend on chance but also risk being dumped on by larger investors throughout the vesting schedule. This situation creates little incentive for them to hold the token.
Our Solution: Equal Investment Opportunities
Our staking and tier system work together. The higher tiers have made a substantial commitment for more allocation and added benefits, and we will honor that. However, what constitutes a significant commitment for some may be less for others. Therefore, we only accept high-quality projects with strong tokenomics that will benefit our early investors. As our platform advances, we will incorporate various token sale structures to ensure impartiality and transparency during our IDOs.
4. Lack of Post-Launch Accountability
There has been a trend of post-launch negligence from many IDO projects, which has made retail investors skeptical about vested IDOs. These projects have failed to fulfill their responsibilities and commitments, leaving investors with minimal returns on their investments, and have caused them to lose trust in the platform.
[Our Solution: Secure Investment and Accountability]
At Syncera, we want to ensure that our investors' funds are secure and well-utilized. We will release the IDO funds to the project based on their short-term milestones, except for the liquidity, to keep them accountable. This will motivate them to keep building and maintain the community's trust. In the case of a vested IDO, we will refund the investors if the project fails to maintain the token price above the IDO price between the TGE and the second vesting period. We also offer an insurance feature to protect our ecosystem and attract high-quality, long-term projects. This approach will give our investors the confidence they need to invest in our platform.
5. Inadequate Communication Channels
The majority of launchpads on the market have inefficient customer support systems that result in users experiencing long wait times and, in some cases, receiving no response. Furthermore, the information provided about what launchpads are seeking in an IDO project could be considerably more helpful. Project owners require assistance in determining where to begin and how to make their project compatible with the targeted launchpad platform. At times, it is unclear where to apply for an IDO.
[Our Solution: Efficient Community Support]
Outstanding customer and after-sales service is a hallmark of a successful business. Consequently, our platform will provide efficient support with specific time frames to aid projects and investors at all times. We strive to create a highly engaged community for promotions, giveaways, competitions, and other activities. The IDO application form will include everything necessary to demonstrate that we are dealing with a serious project. If we see potential, we will provide feedback until you are ready to launch.
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