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- The StarLaunch community will have guaranteed allocations based on a tier system that is familiar to them
- Layer-two systems, according to the researchers, are not long-term feasible alternatives
- The team’s strength is in assisting promising startup ventures with funding and incubation
This is the next step in the progression of crypto launches. StarLaunch is the Solana network’s first insured project accelerator and launchpad, designed by the same company that brought you CardStarter.
The StarLaunch community will benefit from guaranteed allocations based on a tier system, as well as the same insurance program as CardStarter.
With a simple Know Your Customer process, projects and investors will have a pleasant experience. Candidates for the StarLaunch Propulsion Program will be nurtured and given direct access to a vast internal network of partners.
The significance of Solana
What is the significance of Solana? Layer-two systems, according to the researchers, are not long-term feasible alternatives. Solana also offers low-cost, low-volatility transaction fees of $0.00025 per transaction on average, as well as lightning-fast transaction speeds of up to 65,000 transactions per second in tests and up to 700,000 theoretically.
In fact, unlike most of its competitors, Solana’s transaction times shorten as usage increases. Solana is one of the best platforms for the future generation of decentralized finance because of these features.
The team attacked StarLaunch with the same zeal and intensity, imitating the perfect balance of product incubation and community building, which were both crucial factors in CardStarter’s success. A mix of the core CardStarter staff and additional StarLaunch-focused crew will connect community investors with projects that are trustworthy and thoroughly verified.
CardStarter had enormous growth in value, reaching almost $239 million in less than two months, from humble beginnings of a tiny market capitalization of roughly $450,000 (53,300%).
In addition, the project has a devoted following of approximately 55,0000 supporters. The team accomplished this by treating each project with which it collaborated as if it were its own, adding enormous value to each one.
The average return of CardStarter incubated startups
CardStarter-incubated startups have seen an average return on investment of over 12,000 percent to date. The team also prioritizes the community’s needs before its own, as seen by its decision to use platform-generated revenue to fund a highly successful community insurance policy: Participants in the initial DEX offering are insured for up to 100% of their contribution amount at no cost.
The team’s strength is in assisting promising startup ventures with funding and incubation. With the emergence of several layer-one platforms today, as well as the constantly growing crypto industry, the team immediately saw the necessity for its expertise on additional platforms.
In the crypto industry, the launchpad sector has witnessed considerable expansion until 2021. Despite the fact that only a handful existed in Q4 of 2020, there are now over 30 launchpads. The launchpad sector’s market capitalization is currently over $2 billion, with plenty of possibility for expansion. While many recent projects (such as Binance Smart Chain, Ethereum, and Polygon) provide multi-platform launches, many users think that launchpads that specialize in single-chain platforms give a better experience.
In tandem with its Cardano-based sibling platform, CardStarter, StarLaunch is primed to be a major participant in the Solana ecosystem.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
