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Cardano Ecosystem

WingRiders

08/29/2023

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WingRiders is thrilled to announce the #WingRidersLaunchpad (WRLP) is coming next week

First you’ll see and get acquainted with the app powered by smart contracts and after a couple of days, you’ll already be able to participate.

WingRiders is thrilled to announce the #WingRidersLaunchpad (WRLP) is coming next week

First you’ll see and get acquainted with the app powered by smart contracts and after a couple of days, you’ll already be able to participate.

The aim of the WRLP is to be a one-stop shop for any project to

  • mint their tokens,
  • perform the initial token sale,
  • execute a price discovery,
  • create initial market liquidity & listing,
  • manage transparently the project development funds,
  • and create a token utility by opening a yield farm to attract external liquidity into their token, thus stimulating buy pressure.

The main features of the fully-automated, self-servicing WRLP are:

  1. Non-custodial: No one else has access or control over your and project tokens in any phase of the launch.
     
  2. Smart contract-based: Powered by 7 Plutarch smart contracts and 6 minting policies on #Cardano. A solution that took 7 months to build and is more complex than the engine of the DEX.
     
  3. Decentralized: The participating projects set their parameters and launch for the community to support their growth. The whole flow of steps of the #launchpad is decentralized.
     
  4. Permissionless: Any project can launch its token in this decentralized permissionless fashion (fully open UI for ‘token launch creation’ will be enabled after initial launches are successful).
     
  5. Secure: As used from the DEX you will be able to participate with all supported wallets, and of course, the most secure path via hardware wallets.
     
  6. Antiscam: Automated steps preventing the projects from rugpulling market liquidity as a % of raised funds locked into the liquidity pool for 6+ months. A collateral downpayment by projects to avoid clogging of the launchpad with low quality or fakes.
     
  7. Audited: The solution has been fully audited with all findings mediated in a process lasting 8 weeks.
     
  8. Compliance: The solution will be available for jurisdictions based on the requirements set by the projects launching. However, the US and Canada are banned for all. A 3rd party KYC process is supported if the project wants to utilize it as such based on their needs.
     
  9. Tailored: All projects can set up various parameters of their launch including multiple tiers with various conditions to reflect their and the community’s needs. Projects can even raise any token they want in this stage,  $iUSD, $Djed, and $ADA are enabled.

With this solution, we hope to support the #CardanoCommunity and its growth, the emergence of new projects, and a revenue source for the DEX DAO treasury to finance long-term improvements and development.

First launches will be supported by WingRiders in a strictly advisory role only, but the solution is designed to be used as a self-servicing platform for projects and their communities. This brings empowerment, but also, as always, some risks. DYOR and adhere to T&C.

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