Introducing SoroStarter
SoroStarter is a decentralized fundraising platform that empowers Web3 projects and companies built on Soroban and the Stellar Lumen ecosystem. It enables these projects to launch and raise funds through its token pool IDO, token sale, and incubation protocol. Additionally, SoroStarter helps significantly grow their communities and expand project's reach through incentivized community engagement.
SoroStarter also enables users, investors, and the Stellar Lumen community as a whole to secure early access to quality, well-vetted IDOs and token sales of projects on Soroban, the Stellar Lumen smart contract platform.
SoroStarter aims to position itself as the leading decentralized fundraising platform, allowing users to make well-informed decisions and participate in high-potential IDOs and NFT sales on Soroban, while providing quality support for projects and companies to successfully launch their tokens, real-world assets, or NFTs.
How can projects use SoroStarter?
SoroStarter provides projects and companies with a platform to set up a token sale pool. This pool is configured to have a fixed sales price throughout the token sale or IDO, ensuring that all participants purchase tokens at the same rate and thus guaranteeing the fairness of the sale. This approach benefits early participants by providing the same price entry point, leading to a stable price on listing and offering equal profitability potential for all participants.
Projects can also set up similar sale pools for NFTs. In this case, NFTs with the same rarity would have the same sales rate, while those with different rarity can be set to have a different sales rates.
The platform supports the launch of tokens, real-world assets wrapped as tokens, and NFTs for GameFi projects or any other use case.
SoroStarter also provides projects with additional launch assistance features, including:
Decentralized Incubation Protocol: Projects at the conceptualization or ideation stage can receive funding support, development/technical assistance, and advisory support from SoroStarter and its governance body.
Community Building Platform: This allows projects to ramp up community interest and engagement while they build their features and technology or launch their assets. It provides an incentivization mechanism for community members to participate in the project.
How can users use SoroStarter?
Users and the Stellar Lumen community can gain early access to Soroban projects through SoroStarter. The platform enables well-informed decisions and participation in the IDOs of well-vetted and thoroughly screened projects on Soroban.
Users can also become governance members by holding a minimum amount of XLM for a given period or by staking XLM. As governance members, they can participate in the selection process by voting on which projects' IDOs should be launched on SoroStarter.
Additionally, users can engage with the incubator protocol in the following ways:
Contributing funds to the protocol and voting on ideas to be supported.
Becoming an incubator developer, providing technical support for supported ideas.
Lastly, users can participate in SoroStarter's community-building platform. Here, they can engage in testing project features during development, participate in technical and social media quests, and more. Participants are incentivized for their contributions.
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