Launchpool Labs - Bronze NFTs Distributed
Launchpool Labs Bronze NFTs were successfully distributed yesterday to 1,200 early community members who held over 200 $LPOOL consecutively for 3 months.
Check your wallets LPOOLers! If you’ve held 200 $LPOOL or more for over 3 months (including the time your tokens have spent staked in AMEs) you should have received the Bronze NFT. This is your access key to the upcoming investment opportunities on Launchpool Labs. Please do not sell the NFTs, they have no value other than being YOUR access key - they are non-transferable.
To maintain our egalitarian philosophy, the Bronze NFTs that have been distributed to early supporters of Launchpool are tied to the individual KYC accounts. This is to ensure that only investors that are longtime supporters will unlock early access to pre-seed and exclusive seed rounds. This will be in projects that we incubate and shape together with our partners, advisors, and community. More details about the other NFT tiers and how you can access them will follow as we develop and share to the community.
We are working hard behind the scenes to bring you the amazing projects we have lined up for the first cohort of the Labs Incubator, coming soon.
In the meantime check out the Launchpool Labs site and Litepaper
Launchpool Alumni returning AMA - Greenheart CBD
To provide the Launchpool community with project updates, we have started bringing back Launchpool Alumni for “3 months on” AMAs.
To kick off the returning AMA series we hosted Greenheart CBD, who completed their AME back in April, for a chat about all the developments they have been working on since the raise. Similarly to our usual AMAs we asked a set of pre-prepared questions from the Launchpool team before opening up the floor to the community.
We were excited to host Mark Canavan (Co-Founder & COO) and Paul Walsh (Co-Founder & CIO) who updated us on the launch of staking, the upcoming mobile app, partnerships, future announcements, and the continued success the team are having with their CBD innovation.
Look out for announcements about returning AMAs on our socials.
Ethereum EIP-1559. What you need to know.
The long awaited London hard fork was completed successfully yesterday with around 4,200 ETH burned in 24 hours.
At Launchpool we pride ourselves on being chain agnostic, meaning we are open to providing investment opportunities for our community on all credible blockchains. However, it has been hard to ignore the hype around the Ethereum London Hard Fork (EIP-1559) which occurred yesterday.
The upgrade aims to make transaction fees more predictable (not necessarily cheaper), and to burn the base transaction fee. This means that Miners do not receive the base fee, otherwise, they could artificially congest the network to keep the fee high. As it’s burnt instead, this offsets the ETH issuance and begins the journey towards ETH becoming deflationary.
Hopefully, what this means for our community is that over time it will be easier to estimate the correct gas fees for interactions with our smart contracts, bringing the overall ‘cost’ of using the Launchpool platform down.
Whilst we continue to offer projects the chance to conduct their AMEs on Binance Smart Chain, few take us up. Most projects prefer to generate their token on Ethereum, even if they intend to migrate to another chain later on.
Hints & Tips - Cowswap.exchange
Alongside general security and privacy advice, from time to time we want to share a handy tip from the team.
The tip for this week is to stop getting frontrun on your Uniswap/Sushiswap transactions and start using CowSwap - a trading interface built on top of Gnosis Protocol (v2) which offers MEV protection. We actually highlighted CowSwap in one of our earliest newsletters, however, with the increased focus on Miner Extractable Value (MEV) around the London fork, and because we love it, we are bringing it back for round two.
CowSwap leverages batch auctions with uniform clearing prices and because everyone receives the same price across assets it’s not possible for any value to be extracted by placing transactions in a certain order. This prevents the primary strategy used in MEV. Also, as gas costs are accounted for in your sell order already, and the protocol uses an off-chain design for submitting trades, you don’t need to pay gas fees.
Launchpool is not affiliated with Cowswap - we just use it a bunch!
That’s it for what has been another busy week for us here at Launchpool. For news about projects we are launching on Launchpool keep an eye on our Twitter, Telegram, Reddit, and of course come visit us at our website and app. For Launchpool Labs, keep in touch with developments and meet the first cohort at our Discord.
Launchpool Team