Cardano-based decentralized fundraising platform Rocketpad has announced the start of its seed sale. Intending participants can view the Seed sale address to send ADA on the ROCKETPAD Sales Portal.
There are 30 million $ROCKET tokens for sale. The sale will continue until 30 December or the token allocation is exhausted. Investors can buy a minimum of 500 ADA worth and a maximum of 30,000 ADA worth.
RocketPad will support mainly Cardano projects but will integrate Ethereum, BSC, and Polkadot chains for a more adaptable pool type and whitelist criteria. The decentralized launchpad will employ the best DeFi industry standards for its development.
When completed, it is expected to bring many solutions such as real-time settlement, top-notch security, interoperability, genuine decentralization, and zero counterparty risk.
The Rocketpad IDO Launchpad
The Rocketpad IDO Launchpad is identical to an IEO but is a revolutionary crypto fundraising platform. Through collaboration with startup incubators and accelerator centers, the project will find new Cardano Ecosystem startups with the biggest upside potential to work with.
When established, Rocketpad will host IDOs for both usefulness and security. In addition to the native $ROCKET token, IDO donations to the platform can be made using ADA, ETH, and other approved stable currencies.
Holders of $ROCKET tokens can be involved in voting on protocol governance concepts, meaning they can both propose and vote on protocol enhancements. Users of the platform can also manually burn tokens, thus reducing the number in circulation, which ultimately leads to an increase in the value of each token.
Out of the total circulating supply of 150 million tokens, token holders will receive their allocated tokens for burning tokens. There are already partnerships with influencers and marketing partners to ensure there are always well-funded projects on the platform.