Solstarter — Solana’s Premier Launchpad | Design Journal

The key players who will help bring the vision to life.

Launchpads At Their Core

Launchpads are a bit of a mixed bag, both on a technical level as well as a general niche within the crypto ecosystem. Technically, there have been many different launchpads historically, the first of these being the Binance Launchpad, with its pilot sale BitTorrent raising 7 million in just 15 minutes of its opening.

Binance trailblazed the launchpad space with their innovative offering.

Launchpads As A Niche

Imagine it; you’re a typical DeFi user (a “DeFi Degen”, as twitter affectionately loves to call us!) perusing the latest offerings on your launchpad platform of choice. It’s been a few months since things have started, and you’ve done quite well — certainly, the ROI on these projects have proven the model as a success, and you’re ever on the prowl for more lucrative investment opportunities.

Enter Solstarter

We’re crypto investors ourselves, which we feel gives us a certain element of insight into this issue. We are the end user here, which is exactly why we’ve built Solstarter from the ground up to address many of these problems. In the past months we’ve designed an elegant system that combines the best aspects of current launchpads while cutting the chaff, leading to a product that is an amalgamation of the greatest things these services have to offer.

  1. Placing the community first, through proper token incentives, supply distribution, and a guarantee of allocation. This ensures a predictable token value model and raises expectations on token demand.
  2. Benefitting lower net worth individuals, by lowering barriers to entry. In pursuit of this goal, we designed two systems; one which doesn’t penalize low NW investors by requiring extremely long token lockups, and a second that allows them to enter token draws to get allocation tiers higher than their current NW would normally allow.
  3. Fully realizing the benefits of the Solana blockchain by taking advantage of some neat technical capabilities that are only possible on a lightning-fast chain with its general architecture. As an example, we have a token whitelisting feature that allows users to “gift” their whitelists to other users, enabling many new avenues not possible on current generation launchpads.

Technical Chops

Building on Solana is hard. Even moreso when you’re trailblazing the platform and have as many new features as we intend to build out. That’s why it was important to us that we secure only world class developers on the team, to ensure proper feature rollout and real execution of even our most bold and daring of ideas for Solstarter.

The team grows!

Conclusion

That’s all for now! Expect more posts shortly going over the many aspects of Solstarter as a system — the ways in which we differentiate ourselves, a few of our planned features, a technical roadmap for public review, and of course, the Solstarter whitepaper.

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Sphere

Sphere

14.6K Followers

Sphere is a multichain community first IDO platform — empowering launchpad projects to raise liquidity in a fair & decentralized manner. (Formally Solstarter)