Polygen, a new community launch pad, confirmed the timeline for its initial four-phase decentralized exchange offering
Polygonum introduces a novel design of decentralized fundraising for early-stage products. To fuel its development efforts, the project starts the IDO for its token PGEN on its own platform alongside Trustpad, Polystarter and Copper.
Polygen announces the fourth step of its IDO process
According to the official announcement shared by the New Decentralized Launch Pad Polygen (PGEN), its token will be available for IDO on four platforms during one campaign.
The inaugural phase of IDO will take place on Polygen’s own launchpad platform. It will be organized in a KYC-only manner: to lower the barrier for investors of all sorts, the Polygen team removed the lottery and whitelist mechanisms as well as FCFS rules.
The KYC campaign will be open until December 6. The initial DEX offering will take place on December 7 and 8, simultaneously with the copper-based phase.
On Nov. 30, whitelisting for PGEN’s IDO on Polystarter will launch. Starting from Dec. 5, users will be able to register for IDO on TrustPad.
A decentralized launch pad for projects with a long-term vision
Polygen advocates a new approach to the IDO process: its clients will be able to customize the amount they intend to raise, the mechanism they prefer to choose, the way they plan to manage their prioritization, etc.
This model is in contrast to traditional IDO platforms that choose projects considering only short-term ROI. Polygen’s method is suitable for teams focused on achieving progress long term.
As previously covered by U.Today, on November 2, 2021, Polygen secured $ 2.1 million from major VCs, including SL2 Capital, 18 Ventures, Twin Apex Capital, AU21, Polygon Syndicate, Axiom, ZBS Capital and Pluto.
