VENT is the first full-stack Cardano-Polygon community launchpad ecosystem that enables sustainable growth. The platform will open up new investment opportunities and make DeFi accessible to everyone. Combining simplicity, security, and transparency, VENT aims to reset the world's expectations of what a decentralized launchpad is and help evolve the reputation and maturity of the DeFi space and crypto ecosystem as a whole.

VentUp Launchpad, the first offering within the platform is where founders share innovative blockchain projects with the communities that will join forces to fund them.

- Platform-level identity verification: simple, one-time process.
- Customer support throughout all stages of registration, KYC, and investment.
- Projects selected by the community and vetted by the team.
- Flexible Fundraising Mechanisms (IDO, Private Rounds, ISPO).
- Innovative P.A.S. (Point Allocation System) allocation mechanism to reward long-term holders, true community members while enabling new users to participate.
- Social features that invite verified users to interact with each other and exchange ideas with project creators.
- Secure environment for trusted partners and community members to transact.
- Trusted entity & team in compliance with international regulations.
- Transfer functionality to allow whitelists to be delegated to eligible members.
- Project Support through Incubation Partners.

VENT is a utility token that is used to:
Participate in future IDOs on the VentUp Launchpad. Community members will be able to stake a certain number of Vent tokens and gain access to allocations in upcoming IDOs.

Give community members voting power over upcoming IDOs, new features, ecosystem updates, and initiatives. Staking $VENT will give verified community members control over the VentUp platform's future governance.

Provide liquidity to our liquidity pools. Active participation in liquidity pools will be proportionally rewarded with $VENT.

How Many VENT Tokens Are There in Circulation?
Currently native to the Polygon chain, and soon-to-be native to the Cardano Blockchain, there is a total supply of 250 million VENT tokens — where around 21,2 million will be in circulation on TGE.

What Makes Vent Finance Unique?
Our core service is developing technology that opens up new investment opportunities and makes DeFi accessible for everyone.

With simplicity at the core of our priorities, we aim to make the user journey as easy and enjoyable as possible by improving every component involved, starting from design, customer support, wallet and API integrations, all the way to a one-time frictionless KYC.

We are not transaction-based like other launchpads, we are community-based. We recognize the power that a community holds. That is why we give them complete control. They hold the power to make a project a reality.

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Vent Finance

<div><a href="https://defi-planet.com/2022/06/real-life-applications-of-blockchain-technology/">Blockchain technology</a> is gradually being adopted across major industries such as finance, telecommunications, <a href="https://defi-planet.com/2022/06/impact-of-blockchain-technology-on-supply-chain-and-logistics/">shipping</a>, accounting, and auditing.&nbsp;DeFi is not short on ideas; rather, it is short on funding. There have been challenges with projects that simply don&rsquo;t measure up, and better fundraising channels are required.&nbsp;Platforms that facilitate project funding are becoming increasingly important. Each ecosystem has its own set of fundraising mechanisms. <a href="https://www.vent.finance/">Vent Finance</a>, an all-in-one platform for cryptocurrency projects on the Cardano and Polygon networks, is one such mechanism.&nbsp;Vent Finance is the first multichain community crowdfunding platform that allows investors to participate in legal token sales of reliable blockchain projects. It also opens up new fundraising opportunities for everyone involved in the<a href="https://defi-planet.com/2022/06/a-beginners-to-getting-started-in-defi/"> DeFi</a> industry.This article explores Vent Finance in detail and explains how the platform helps investors participate safely in early token sales.&nbsp;An <a href="https://defi-planet.com/2022/03/overview-of-icos/">Initial Coin Offering</a> (ICO) combines an Initial Public Offering (IPO) with online crowdsourcing for brand-new cryptocurrencies. The goal is to purchase a first-generation cryptocurrency at a low price and possibly profit in the future if the coin increases in value. Also, <a href="https://defi-planet.com/2022/03/overview-of-idos/">IDOs</a> (also known as Initial DEX Offerings) are now available.&nbsp;When a token is launched on a permissionless and decentralized liquidity exchange, the exchange organizes a fundraising event for the project. These initiatives are known as IDOs.&nbsp;You can avoid lock-up periods for the ICO and the pre-mine issuance mechanism that benefits founders over community members by instantly listing coins on the decentralized exchange. IDOs will replace ICOs because they offer better and faster liquidity at all price levels.&nbsp;Although there is still lax regulation of both ICOs and IDOs, buying an early-stage crypto asset can be challenging.A lot of people are hesitant to participate in token sales. It&rsquo;s hardly surprising that crypto customers are becoming more cautious about what they buy, given the growth in fake tokens and scams tied to the cryptocurrency industry. The Vent Launchpad seeks to address this by assuming responsibility for conducting due diligence on any project requesting to launch through them. It ensures that project backers&rsquo; money is kept secure and that it is only disbursed after the project has proven its worth.The Vent Launchpad provides safer crowdfunding for<a href="https://defi-planet.com/2022/03/all-you-need-to-know-about-web-3/"> Web3</a> applications by enabling users to access the core advantages of DeFi with improved security, increased usability, round-the-clock assistance, and token purchase protection.&nbsp;Vent Finance was founded in 2021 by four entrepreneurs dissatisfied with the difficulty of community token sales.&nbsp;Customers on a traditional launchpad typically had to invest tens of thousands of dollars in tokens to obtain shares in early-stage businesses they were passionate about, while project visionaries lacked the ecosystem and support they required for a successful launch.The Vent team created the Vent Launchpad to address this issue and streamline the procedure for projects and their communities. The Vent team is also developing several new technologies that will challenge and alter how money is handled.&nbsp;Vent is built on the four tenets of simplicity, security, openness, and inclusion. Another exciting feature of Vent is that it allows users to contact projects on other chains using Binance, Ethereum, <a href="https://defi-planet.com/2021/08/introducing-the-cardano-blockchain/">Cardano</a>, and <a href="https://defi-planet.com/2021/08/495/">Polygon</a> blockchains.&nbsp;<h3>Detailed Vetting Process</h3>Each project on Vent is evaluated to ensure it benefits its users.&nbsp;Vent only wants to release high-quality projects that will benefit society in the long run. They speak with the project founders and examine the business strategy to determine whether a startup is based on short-term hype or a project that will provide long-term value to its users.Most projects were usually supported by most crowdfunding platforms, which hardly examined their models or <a href="https://defi-planet.com/2022/07/smart-contracts-in-blockchain-technology-what-they-are-why-they-matter/">smart contracts</a>. Due to the surge in smart contract fraud, Vent&rsquo;s experts examine each project&rsquo;s smart contract. This protects its users from falling victim to scams. Vent Finance conducts a thorough quality check before listing a project, examining the project&rsquo;s fundamental technology, relevancy, tech integration, and tokenomics. This process is entirely transparent and open to the public.&nbsp;<h3>Wise Use of Investors&rsquo; Funds</h3>When people fund startups using Vent&rsquo;s platform, not all of the money goes to the startups. Instead, they use a milestone-based method to prevent money from being wasted. Vent accomplishes this through their &ldquo;milestone&rdquo; system. Money is held in escrow until the startup reaches predetermined milestones. The IDO launchpad only distributes the funds after the project has achieved the milestones.Vent provides a 100% token-back guarantee if these targets are not met. This ensures your money is never wasted supporting a project stuck in the development process. A BGA (base guaranteed allocation) has been created by Vent so that all users with an average holding score of at least 5000 $VENT can participate. This average holding score is calculated by averaging a user&rsquo;s holdings at 7 points over seven days, then dividing that figure by 7.What happens if a startup launches on Vent regardless of whether it meets Vent&rsquo;s requirements? In that case, users will receive immediate reimbursement for every dollar invested in the project.&nbsp;<h3>Outstanding Transparency</h3>Vent is open and honest about the data they have on each startup. They also allow for dialogue and comments on each project&rsquo;s profile. This ensures that people get a fresh perspective on a project they want to support. Vent also frequently releases project updates to help customers understand the long-term value of the coin they are purchasing. This continues even after the project is launched.&nbsp;<h3>Account Safety (KYC, GDPR, and AML Compliance)</h3>Vent Finance complies with anti-money laundering and anti-terrorist financing laws and regulations for all projects. As a result, the IDO launchpad requires KYC verification, which includes ID confirmation, residency proof, and passing an AML check when you create an account. The General Data Protection Regulation (GDPR), which Vent complies with, guarantees that all of your data is handled safely and out of the reach of scammers.&nbsp;<h3>2FA and 24/7 Support</h3>You may set up 2FA (2-factor authentication) on the Vent Finance platform to make sure you&rsquo;re the one logging into your account. This significantly improves your security, but if your account is compromised, all is not lost. Vent users have access to 24/7 support, which makes it easy to restore your account and stop any fraudulent activity. You can visit their support centre to find answers to some of the most frequently asked questions about the IDO launchpad.What to Know Before Participating in an Early Token Sale<h3>Understand the process</h3>People from specific countries are sometimes barred from participating in token sales. This is due to legal concerns in some regions regarding cryptocurrencies and tokens. A professional investor is defined differently in each jurisdiction.<h3>Complete the Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures</h3>The more reputable issuers conduct <a href="https://www.coindesk.com/learn/what-is-kyc-and-why-does-it-matter-for-crypto/">Know Your Customer (KYC)</a> and <a href="https://sanctionscanner.com/knowledge-base/aml-for-crypto-51">Anti-Money Laundering (AML)</a> checks. Token issuers that comply with these procedures are reliable.If you fill out these forms online, inquire about the issuer&rsquo;s data protection and cybersecurity procedures. Evaluations of bugs are frequently included in bounty programs. If you&rsquo;re still not convinced, don&rsquo;t participate at all.&nbsp;<h3>Know the restrictions on what you can buy&nbsp;</h3>In some nations, capital limitations may apply to cryptocurrencies. The tokens could cause tax problems, especially regarding capital gains and associated value-added taxes.&nbsp;Before participating in a token sale, you should consult with a specialist regarding your specific situation. However, keep in mind that tax laws and capital regulations can change suddenly and without prior notice.&nbsp;<h3>Presence of a lock-up or vesting period</h3>Most token sales contain lock-up periods and vesting schedules for the issuer and pre-sale buyers. They should be compared to the project&rsquo;s road map to see if they provide the right incentives to the right people at the right time.&nbsp;Tokens from buyers may also be kept in escrow until AML/KYC requirements are satisfied. These terms should be made clear in the provided documentation.&nbsp;<h3>Check the security measures adopted</h3>Several attacks, including <a href="https://www.cloudflare.com/en-gb/learning/ddos/cryptocurrency-ddos-attacks/#:~:text=A%20distributed%20denial%2Dof%2Dservice,a%20prime%20target%20for%20attack.">DDoS</a> (distributed denial of service) attacks, have been made against token sales. Buyers should consider the security measures implemented by the issuer to protect the integrity of the token sale (including any personal information associated with it), the token sale proceeds, and the tokens themselves.&nbsp;<h3>Take precautions to avoid fraud, hacking, and other issues</h3>Hacks, fraud, and scams have occurred in different token sales, including Ethereum addresses being updated on issuer websites. Less-skilled attackers would just post their wallet address on social media and lie that it is the address so that investors can send money to them.&nbsp;It is, therefore, essential to take measures to protect yourself. You can do this by:<ul><li aria-level="1">Visiting legitimate, non-social media threads for information on token sales.</li><li aria-level="1">Using social media wisely. Although social media may offer helpful information on token sales, don&rsquo;t rely on it. Do not use any smart contract addresses shared on social media, which is especially important when learning how to pay money.</li><li aria-level="1">Consistently monitoring reliable channels for official announcements.</li><li aria-level="1">Educating yourself on the token issuer&rsquo;s security measures and only using trusted exchanges and wallets&nbsp;</li></ul><ul><li aria-level="1"><a href="https://www.vent.finance/">Vent Finance</a> will offer new investment opportunities and make DeFi accessible to everyone. The platform seeks to redefine decentralized launchpads by combining simplicity, security, and transparency. It also wishes to enhance the reputation and development of the DeFi space as well as the entire crypto ecosystem.</li><li aria-level="1">The platform&rsquo;s vetting procedure ensures that fake and subpar projects never see the light of day. The Vent team is dedicated to building the economy of the future and changing people&rsquo;s perceptions of what a decentralized launchpad should be.</li></ul>Disclaimer: This article is intended solely for informational purposes and should not be considered trading or investment advice. Nothing herein should be construed as financial, legal, or tax advice. Trading or investing in cryptocurrencies carries a considerable risk of financial loss. Always conduct due diligence.If you would like to read more articles like this, visit <a href="https://defi-planet.com/">DeFi Planet</a> and follow us on <a href="https://twitter.com/PlanetDefi">Twitter</a>, <a href="https://www.linkedin.com/company/defi-planet/">LinkedIn</a>, <a href="https://www.facebook.com/DeFi-Planet-129907662611402">Facebook</a>, and <a href="https://www.instagram.com/defi.planet/">Instagram</a>.&ldquo;Take control of your crypto portfolio with MARKETS PRO, DeFi Planet&rsquo;s suite of analytics tools.&rdquo;</div>

DeFi-Planet

How to Participate in Early Token Sales Using Vent Finance

<img src="http://cardanofeed.com/site/uploads/2022/Jun/28/1_hlQ2UengU4QYLpv0Kyobdg.png" alt=""> &nbsp;With the close of our whitelist, currently ongoing is our IDO Sale phase. Post that, there is a small chance of a direct (non whitelist) sale. This allocation will be limited to whatsoever tokens are left over from the whitelist or IDO phase. That is the final sale round if the time before TGE allows this phase at all. Current TGE expected date is in the week of 11–15.7.2022. Market conditions are not ideal, so let us hope for an improvement before this date.For this now ongoing round of the sale, WingRiders announced that our platform partners are&nbsp;<a href="https://razer.occam.fi/project/WingRiders">OccamRazer</a>,&nbsp;<a href="https://www.vent.finance/#Projects">Vent Finance</a>, and&nbsp;<a href="https://daomaker.com/company/wingriders/">DAO Maker</a>. We chose these platforms due to a diverse range of participants, strong opportunities to grow the entire Cardano ecosystem by bringing in new market entrants, and the strong networks of each of the partners. We are also incredibly happy that Vent and DAO Maker offered an allocation for the general public — this allows us to reach as wide an audience as possible.Both OccamRazer and Vent have good reputations for delivering high quality projects with knowledgeable communities. DAO Maker has great brand recognition and a track record. We chose them largely for 2 reasons:<ol><li>We feel that blockchain — blockchain multi-chain integrations are going to be a staple of the industry. We helped to bring stablecoins to Cardano because we believed that it would be a valuable addition — and hopefully drive liquidity to the network as it did for Ethereum in 2018/2019.</li><li>DAO Maker has an excellent history, and one of the largest communities in the cryptocurrency space. More importantly it drives new Cardano adopters to take part.</li></ol><h1>ReCap</h1>We feel we should, perhaps, give an explanation for why our sale is the way it is? Initially, our thoughts were for a straight IDO only sale, via primarily Cardano based platforms. However, like the rest of the market, we saw the unfortunate situation that developed between our peer project and IDO platform in Cardano. This forced us to reconsider our previous assumptions, and in a move we feel aligns with the principles of a DAO, which we’ve explained many times is our ultimate objective. We asked our community. In the largest ever of a pre-DAO polls (with over half the community voting — at that stage 3,560 users).People had many opinions.<ul><li>Some felt a direct sale was more equitable</li><li>Some had strong preferences in terms of IDO platforms</li></ul>In the end, the community voted that we should do it as an ICO and IDO combination with a set of preferred platforms.We never considered a direct ICO before as you must cover a lot of tasks yourself<ul><li>Respect KYC policies and regulations in markets where rules are clear. For markets where rules have changed or are changing in 6 months, either engage local cryptocurrency law expert or exclude the country from the whitelist sale.</li><li>Build or host own sale website, develop own TGE software (smart Contract design or open source), wallet solution.</li></ul>As well from the community voting, came the decision to have some of the 5 IDO platforms. After extensive due diligence and contract negotiations In the end our confirmed IDO Platform Distributors are:<ul><li><a href="https://razer.occam.fi/project/WingRiders">OccamRazer.Fi</a></li><li><a href="https://www.vent.finance/#Projects">Vent Finance</a></li><li><a href="https://daomaker.com/company/wingriders/">DAO Maker</a></li></ul><h1>Sale development</h1>Our target for the sale was originally Q1. We explained the thinking behind this in this&nbsp;<a href="https://medium.com/@wingriderscom/wingriders-mainnet-tges-and-announcement-of-sale-postponement-to-q2-84844dc358a9">blog</a>&nbsp;that led to the push to Q2. We are working tirelessly against the market trend to meet as close as possible this second milestone for the community and project supporters and partners. Obviously the market conditions are beyond our control. We explained our thinking here in this&nbsp;<a href="https://medium.com/@wingriderscom/sale-tge-5fee15eefb6a">blog</a>.During our whitelist sale, there was some frustration from our community about the large number of compliance exclusions for a lot of countries that have some bias against crypto. For this, we understand your frustration, we really do. Well, we have good news. Our IDO partners each have their own geographical expertise and compliance coverage. Unlike us — a largely developer-led team, they have run, in some cases, over a hundred projects and therefore have swift, efficient machinery optimized for just this task.They also have huge communities of token holders which helps us achieve our goal of getting our tokens to an as wide community as possible.Diversity of thinking breeds flexibility,Flexibility is also adaptive.Adaptivity is a survival trait,even for digital ecosystems.We believe that some of those excluded from buying directly from us might be serviced from our IDO platform partners, please see their Terms &amp; Conditions from guidance.Our whitelist was a direct sale aimed at rewarding those who have been with us since the beginning. The entrants are finalising the KYC process in batches and have received a step-by-step guide through the process. We will be closing the KYC this week.Our IDO Launchpad Platform Distributors will each receive an allocation of tokens to distribute to their communities by their usual sale methods. In the cases of VENT, who have a $500,000 USD allocation. Only $300,000 of that will be for VENT’s own community, the additional $200,000 will be distributed to the general public in a General Purpose Sale (“GPS”). DAO Maker has not formally announced its allocation but there will be a public part to it as well.DistributionPlease note that the distribution of the tokens will be done on three separate blockchains to battle congestion and promote decentralization.<ul><li>Whitelist participants will be sent the first day unlock on Cardano mainnet, then continue to claim their monthly unlocks from vesting contracts via a WRT user interface.</li><li>Occam IDO participants will be sent the first day unlock on Milkomeda, then continue to get their monthly unlocks from Occam directly on Milkomeda.</li><li>Vent IDO participants (Public and Vent community) will be sent the first day unlock on Binance Smart Chain, then continue to get their monthly unlocks from Vent directly on BNB.</li><li>DAO Maker SHO participants (Public and DAO community) will receive their tokens via the DAO Maker platform first day unlock and vesting on Binance Smart Chain.</li></ul>We will write about this more extensively in the coming days. Yes all the infrastructure including two Bridges is already deployed and tested and we will share detailed guides so you are well prepared and equipped for the TGE day.<h1>Potential last step before TGE</h1>We will now briefly discuss the final stage of our sale, post the IDOs sale. Any unsold tokens will likely be offered for an additional public ICO sale, unless the WingRiders team deems the amount remaining to be insignificant or the time too short without TGE moving (what we are trying to avoid at all cost). In case these tokens are not sold they will be returned to the project for future development and growth. More details if this is necessary will follow post IDO sale stage.We highly recommend going to these platforms now as their sale phase is closing in a matter of 24 hours for two out of three.Peace.The WingRiders Team. &nbsp;

WingRiders

WingRiders: IDO Platform Distributors announced

<img src="/site/uploads/2022/Mar/17/1_uSWzkRa5sVuhu11OjSYFAw.png" alt=""> This week’s development blog has great news in store. Pour yourself some tea or coffee, plant yourself in a cozy chair and buckle up!🔥Good news always should come first!&nbsp;The Acta Finance IDO on Vent Finance was a complete success. The VENT IDO event on March 14th was quickly sold out with over 1400 registrations and 572 participants that raised 100% of the funds from which 25% got filled in the FCFS (first come, first served) round in less than a minute!Generally, tokens were sold at $0.135 with a minimum guaranteed allocation of $75. In the end, all the $200,000 was raised this way.💰The Acta Finance team is honored by the numerous participation in the IDO which definitely honors our commitment to innovate the DeFi ecosystem on Avalanche and Cardano. We are really happy to see that anyone is hyped after this turbulent month. The team has certainly spared no costs and effort to bring the community together and to provide a smooth rollout of the next steps of the project.Looking into the future, there is much more to come. In case you have missed the last IDO, there are more IDOs to come.📍There will be an&nbsp;IDO&nbsp;in two weeks on&nbsp;PAID Ignition at 11am UTC on March 30th.The whitelist on Paid Ignition opens today on&nbsp;March 16th at 2pm UTC. Anyone looking to participate in the IDO is required to whitelist. You have time till March 24th when the whitelisting closes at 4am UTC.💛Join the whitelist here:<a class="au ka" href="https://ignition.paidnetwork.com/project/actafinance" rel="noopener ugc nofollow" target="_blank">&nbsp;https://ignition.paidnetwork.com/project/actafinance</a>The whitelist tasks must be completed to qualify for the Whitelist Lottery draw. The winners of the Whitelist lottery will be announced on&nbsp;March 28th between 2 and 5pm UTC.📆Token information of the&nbsp;PAID ignition IDO March 30th🟡Token: $ACTA🟡Launch price: $0.135🟡Total raise: $200,000🟡Vesting: 40% TGE, 1 month cliff, then 30% monthly.Your tokens will be airdropped to you.📍BE CAUTIOUSActa Finance members will NEVER DM you first on any platform. Hence, all DMs are scams! Find Acta Finance official channels at the bottom of this blog.💲Whitelist Lottery Details💲Acta Finance IDO Whitelist opens today at 2pm UTC Wednesday 16th March 2022To participate in an IDO on PAID, users need to hold a specific minimum of PAID. Then they stake it to their preferred Tier on IGNITION or APOLLO X.🤝About Acta FinanceActa Finance is a cross-chain DeFi platform governed by smart contracts that innovates the Avalanche and Cardano ecosystem with the ActaFi Swap. Users get to choose which blockchain they operate the ActaFi DeFi ecosystem on. ActaFi Swap is a cross-chain liquidity aggregator that offers margin trading that receives the margin from peer-to-peer lending offers, introducing a new investment opportunity for the ecosystem.<div class="kc l"></div><div class="l"></div><div class="l kp"><div class="o ct"><div class="di dq ej ek el em en eo ep eq er"><div class="o u kq"><div class="o ao ft"><div class="kr l"><div class="o ao ft"><div class="pw-multi-vote-icon cj ku kv kw kx ky kz"><div class=""><div><div class="ck" role="tooltip" aria-hidden="false" aria-describedby="9" aria-labelledby="9"></div></div></div></div></div></div></div></div></div></div></div>

Cardano Feed

ACTA FINANCE announcement and weekly recap blog

<img src="/site/uploads/2022/Mar/10/1_lpjqeSv0aXHAEPMi8FXA7Q.jpg" alt=""> Below we’re providing you with compressed notes of the Acta Finance first-ever livestream and the rebrand announcement. You can always find and watch the full stream recording&nbsp;<a class="au jy" href="https://www.youtube.com/watch?v=JgZZh_P344k" rel="noopener ugc nofollow" target="_blank">here</a>. For those who want to quickly read and narrow down the key points, we provide you a short bullet-point rundown of all the things that have been said.Find the key notes, milestones and development updates below.<h1 id="e722" class="jz ka ht cg kb kc kd ke kf kg kh ki kj kk kl km kn ko kp kq kr ks kt ku kv kw fq" data-selectable-paragraph="">Rebranding to Acta Finance Announcement (by Chris and Jiazi)</h1><ul class=""><li id="d3bd" class="kx ky ht cg b jd kz jh la jl lb jp lc jt ld jx le lf lg lh fq" data-selectable-paragraph="">Reason #1:&nbsp;The former name ADA Finance does not suit a project that is building a dual DeFi ecosystem on both Cardano and Avalanche, especially while Avalanche-side development is faster and almost ready for high-frequency usage that our ecosystem requires.</li><li id="fbac" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Reason #2:&nbsp;Not everyone likes Cardano. With the name ‘ADA Finance’ we get directly affiliated with Cardano only, while we are developing, and releasing, on Avalanche first.</li><li id="978c" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Reason #3:&nbsp;It is more complex to tap into the Avalanche ecosystem with the name ‘ADA Finance’, than with a neutral name, like Acta Finance / ActaFi.</li><li id="4577" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Rebranding was accelerated immensely after&nbsp;Jiazi, the new CMO, joined the team, supported by Gytis, Head of Marketing.</li><li id="4d9e" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Initially, there were 3 people on branding — Artautas, Laurynas and Chris, none with any branding experience so bringing in marketing people really helped to put priorities where they should be and move faster.</li><li id="de18" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Marketing ADA Finance further didn’t make sense since we knew we’re gonna do a rebrand. Same goes for #IDO marketing.</li><li id="81a2" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Chris and the team understand the frustration from the community asking about the #IDO but everything was put on hold.</li><li id="2dba" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">New name for the project is&nbsp;Acta Finance,&nbsp;it comes from a Latin phrase “Acta non verba” — “deeds not words”. It fits perfectly in line with the attitude of the team regarding project development.</li><li id="57d6" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">From now on, project and development updates will be done through biweekly livestreams and newsletters.</li></ul><h1 id="1de9" class="jz ka ht cg kb kc kd ke kf kg kh ki kj kk kl km kn ko kp kq kr ks kt ku kv kw fq" data-selectable-paragraph="">Development Updates (Chris &amp; Laurynas)</h1><h2 id="d870" class="lp ka ht cg kb lq lr ls kf lt lu lv kj jl lw lx kn jp ly lz kr jt ma mb kv mc fq" data-selectable-paragraph="">Chris</h2><ul class=""><li id="55b5" class="kx ky ht cg b jd kz jh la jl lb jp lc jt ld jx le lf lg lh fq" data-selectable-paragraph="">With the rebranding 2 subjects on development were also revised.</li><li id="c869" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Based on the current market standards, the staking rewards of the Acta Finance has been revised:</li></ul>From 15% for the first 90 days followed by 20%;To 12% for the first 90 days followed by 15%.<ul class=""><li id="09c0" class="kx ky ht cg b jd je jh ji jl md jp me jt mf jx le lf lg lh fq" data-selectable-paragraph="">The swap (ActaFi Swap) has been through a lot of analysis and research to please all possible users of the Acta Finance ecosystem. The ActaFi Swap becomes a multi-chain liquidity aggregator, with active liquidity.</li></ul><h2 id="b8b9" class="lp ka ht cg kb lq lr ls kf lt lu lv kj jl lw lx kn jp ly lz kr jt ma mb kv mc fq" data-selectable-paragraph="">Laurynas (CTO)</h2><ul class=""><li id="3792" class="kx ky ht cg b jd kz jh la jl lb jp lc jt ld jx le lf lg lh fq" data-selectable-paragraph="">Website has been renewed, counting down the last hours until public release.</li><li id="9bd8" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Website is going to be more extensive than before, not just a one pager.</li><li id="765e" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Team worked heavily on smart contracts, namely staking, farming, affiliate, account milestones.</li><li id="a295" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Upcoming ActaFi Swap will solve a lot of issues of current decentralized exchanges; such as sleeping liquidity, trading activity, and volume.</li><li id="d87b" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Strong team of internal developers working on the Avalanche side of the platform, while partners MLabs are working on Haskell (Cardano) side makes Laurynas confident in timely delivery.</li><li id="a7a2" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Smart contracts on Haskell are quite young and require more effort, therefore it takes more time to reach the same transaction throughput as in EVM-based networks.</li><li id="1639" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Avalanche is currently the best L1 for DeFi apps and protocols.</li><li id="b0a5" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Referral system will be based on decentralized wallets without any centralized. databases, and will reward users for bringing new people, actively trading and remaining engaged with the platform.</li></ul><h1 id="580b" class="jz ka ht cg kb kc kd ke kf kg kh ki kj kk kl km kn ko kp kq kr ks kt ku kv kw fq" data-selectable-paragraph="">3 key features of the Swap (Chris &amp; Laurynas)</h1><ul class=""><li id="504e" class="kx ky ht cg b jd kz jh la jl lb jp lc jt ld jx le lf lg lh fq" data-selectable-paragraph="">Concentrated liquidity&nbsp;(similar to Uniswap v3) — a lot harder to implement than the standard model of liquidity provision in a range, but more beneficial and efficient for the liquidity providers.</li><li id="46e6" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Liquidity aggregation&nbsp;(similar to 1inch) — integration of different pools and different decentralized vendors into one interface allowing users to find the best swapping routes for them.</li><li id="67a3" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Cross-chain token bridging&nbsp;— combining swapping and bridging functionality into one and executing both functions in one atomic transaction. It would allow swapping across networks. Users do not need to go across different platforms and analyze different routes separately.</li></ul><h1 id="92c1" class="jz ka ht cg kb kc kd ke kf kg kh ki kj kk kl km kn ko kp kq kr ks kt ku kv kw fq" data-selectable-paragraph="">Team update (Chris and Artautas aka ‘Arty’)</h1><ul class=""><li id="7ae6" class="kx ky ht cg b jd kz jh la jl lb jp lc jt ld jx le lf lg lh fq" data-selectable-paragraph="">Artautas is the COO of Acta Finance and is taking up a lot of executive responsibilities and managerial activities, leading teams and following up.</li><li id="613a" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">People are by far the most important asset of the company.</li><li id="f5ef" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">The team went through a whole learning curve on how to spot, coordinate and manage teams in order to develop something superior.</li><li id="5d04" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Currently a strong and capable team is assembled with frontend, backend and solidity developers that are behind the project.</li></ul><h1 id="2a89" class="jz ka ht cg kb kc kd ke kf kg kh ki kj kk kl km kn ko kp kq kr ks kt ku kv kw fq" data-selectable-paragraph="">Partnership update (Chris)</h1><ul class=""><li id="0183" class="kx ky ht cg b jd kz jh la jl lb jp lc jt ld jx le lf lg lh fq" data-selectable-paragraph="">Announcements were being delayed ever since the decision of rebranding was made.</li><li id="f127" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">News will start being released once the&nbsp;website is Live (March 10th)</li><li id="55d4" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">More than 10 partnership announcements in the pipeline.</li><li id="ad3f" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Acta Finance&nbsp;partnered up with an institutional liquidity provider with $5B assets under management&nbsp;to act as market-maker and liquidity provider of the swap. They suggested reconsidering and including the UniV3 dedicated liquidity functionality.</li><li id="bbc3" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Security partners going to help to secure the ACTA token and liquidity pools in a swap, will equip them with a ‘retrieve’ function allowing them to counteract hackers, rugpulls and other forms of DeFi exploits.</li><li id="bf8c" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">MLabs is a development partner, one of the biggest contributors to IOHK&nbsp;and helping Acta Finance to make progress on the Cardano side.</li><li id="4105" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Lots of marketing partnerships, KOLs, Youtube video makers.&nbsp;76 Youtubers with over 7M audience, Twitter KOLs with 2.8M audience&nbsp;— they will start making content once the website goes LIVE.</li><li id="c036" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Partnership signed with a centralized exchange.&nbsp;The CEX listing agreement has been signed. It however contains a paragraph that the name can’t be disclosed in a single announcement, else we risk losing our ‘safety deposit’ of 50,000$ USDT. We respect the agreements and will announce the exchange listing date after our IDOs have been performed.</li></ul><h1 id="2d69" class="jz ka ht cg kb kc kd ke kf kg kh ki kj kk kl km kn ko kp kq kr ks kt ku kv kw fq" data-selectable-paragraph="">Upcoming IDOs</h1><ul class=""><li id="1ebe" class="kx ky ht cg b jd kz jh la jl lb jp lc jt ld jx le lf lg lh fq" data-selectable-paragraph="">Vent Finance on March 14th.</li><li id="129a" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Paid Ignition on March 30th.</li><li id="eb4f" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">An Avalanche-based launchpad IDO round to be announced in the coming weeks.</li></ul><h1 id="2e92" class="jz ka ht cg kb kc kd ke kf kg kh ki kj kk kl km kn ko kp kq kr ks kt ku kv kw fq" data-selectable-paragraph="">Tokens wrapped in NFTs</h1><ul class=""><li id="0daa" class="kx ky ht cg b jd kz jh la jl lb jp lc jt ld jx le lf lg lh fq" data-selectable-paragraph="">TGE incentives will wrapped in NFTs.</li><li id="dca5" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Incentive NFTs will have a lock of 8-month and 12-month lock.</li><li id="3028" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Wrapped staking rewards will have a 25% and 30% APY respectively.</li><li id="ec7b" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Seed sale, private sale and strategic sale investors have a 3-month cliff, followed by a 12-month vesting schedule, with quarterly release. A small percent (&lt;10%) becomes available on TGE but they will have to wait for additional 6 months until the first release.</li><li id="418f" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Wrapped NFTs will hold locked tokens and rewards, but owners will have the option to trade NFTs on the secondary market.</li></ul><h1 id="4e24" class="jz ka ht cg kb kc kd ke kf kg kh ki kj kk kl km kn ko kp kq kr ks kt ku kv kw fq" data-selectable-paragraph="">$72,500 Airdrop in ACTA</h1><ul class=""><li id="474d" class="kx ky ht cg b jd kz jh la jl lb jp lc jt ld jx le lf lg lh fq" data-selectable-paragraph="">People active in Acta Finance&nbsp;<a class="au jy" href="https://t.me/ActaFi_Official" rel="noopener ugc nofollow" target="_blank">Telegram</a>&nbsp;and&nbsp;<a class="au jy" href="https://twitter.com/ActaFi" rel="noopener ugc nofollow" target="_blank">Twitter</a>&nbsp;communities will be eligible for the airdrop.</li><li id="08e6" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Twitter: Comments, retweets, quoted retweeted, referred people will score users Airdrop points.</li><li id="3e25" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Telegram: A telegram-native game ‘Obstacle run’ will enable users to score Airdrop points and chat activity</li><li id="f38d" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Airdrop will take place 1 month after the TGE and will be denominated in ACTA tokens.</li><li id="edd5" class="kx ky ht cg b jd lj jh lk jl ll jp lm jt ln jx le lf lg lh fq" data-selectable-paragraph="">Our telegram game will be released soon! Get ready to have some fun, share the game and earn!</li></ul>Hope you enjoyed our meeting minutes, more like this to come in the coming days so stay tuned. Join&nbsp;<a class="au jy" href="https://t.me/ActaFi_Official" rel="noopener ugc nofollow" target="_blank">Acta Finance telegram</a>&nbsp;right now — find all the latest updates and interact with the team directly.<figure class="mh mi mj mk fj iu ex ey paragraph-image"><div role="button" tabindex="0" class="iv iw cj ix dq iy"></div></figure>

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