Synapse New FCFS Launchpad Format to answer ever growing community needs
Introduction
We constantly receive valuable feedback from our community and we are full of appreciation for your involvement in the project and the contributions you are putting out to make Synapse even better.
Today, we present you with our latest update, which comes with many QoL features added, a huge design overhaul and multiple tweakings to our SNP Launchpad formula.
Some of the most requested changes are targeted to ease the entrance of new people in the market, and we thank everyone once again for the valuable feedback.
Below we have some of the points made by our community members:
- in a weaker (red) market, some projects may not be able to fully sell out.
- the guaranteed rounds do not provide enough excitement
- some projects allocation is too small for the community demand.
- some projects allocation is too big for the community demand. (for example some INOs)
What we want to achieve
-Continue to be able to over-deliver projects with large allocations regardless of the state of the market.
- Allow people outside of our launchpad to invest, so that they become new stakers in the future and expand our user base without taking anything away from our already present community.
The solution
The solution is to introduce an additional FCFS (First come first serve) round in case the standard guaranteed pool (with overallocation already considered) does not sell out in full. This round will be available for both community members and users just now taking advantage of Synapse’s amazing opportunities.
How will it work?
If there is still liquidity in the project pool left after the overallocation is calculated, a First Come First Served additional sale will automatically start on the Binance Smart Chain network.
In this round, anyone will be able to invest up to a certain amount using all of Synapse Network supported stablecoins. In case someone hasn’t started their KYC process yet they are not excluded from the sale either — they will be able to go through the KYC in the days following the FCFS round, and if they don’t manage to participate they will get a refund.
It is worth noting that the system has been structured so that no launchpad participant will lose any previous value, and may instead even gain additional allocation for themselves.
Also tomorrow you can expect us to tell you about a completely new tier system that will be implemented within new staking!
About Synapse Network
Synapse Network is developing a cross-chain investment and start-up acceleration ecosystem based on blockchain technology to give everybody an equal chance to contribute to great upcoming projects and to do so early on. We are bridging the gap between the traditional & crypto market. The idea of the Synapse Network technology goes beyond the standard offer of launchpads available on the market, becoming a true technological brand providing tech solutions.
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