Launchpool Labs - NFTs Revealed
We are building a platform for serious blockchain investors. These NFTs are keys to the inner circle.
Our #NFT tier-system has been revealed. Bronze, Silver, Gold and Diamond NFTs that each unlock a different tier of investment access in our incubator, Launchpool Labs.
True to our egalitarian investment philosophy, these aren’t for ‘whales only’. NFTs are earned through loyalty. Individual investors that are longtime $LPOOL holders 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 how they work and how you can access them will follow as we develop and share to the community.
In the meantime check out the Launchpool Labs site and Litepaper
Market conditions, investment decisions.
We reflect on Launchpool business strategy and opportunities for our community of investors.
“After the price action in May, June was a tentative month for projects. After months, often years of development, it is understandable that projects decide to hold back their token sale or delay their token distribution, waiting for optimal market conditions.
This is practiced across the market, and is intended to improve returns for investors, and to increase the likelihood that projects raise the treasury they require to deliver their roadmap.
With market conditions as they are, we have taken the decision to slow the rate with which we launch projects from the launchpad. We are doubling-down on our commitment to bring only high grade projects onto the pad. TLDR? AME frequency down, quality up.
Launchpool, however, is much more than launchpad. As the market moves sideways, we move forwards. We are building, building, building. We have pulled forward the timings on our roadmap, and each day we share updates on Launchpool Labs and Launchpool Web3 Techstars Accelerator. These products are proof that Launchpool is here for the long term, delivering early-stage investment opportunities for our community not found anywhere else.”
Wrap-up taken from the June edition of our monthly report.
Read our June monthly report here
Read up on the Launchpool Web3 Techstars Accelerator here
A reminder about time: AME schedules
Consistent pattern for AMEs + how to check block times yourself.
An important reminder from an earlier newsletter:
You may have noticed with recent Allocation Mining Events that we have developed a consistent ‘rhythm’ for the stages of the AME, which goes as follows;
Deposit Window Opens (approximately 12pm UTC* on Monday)
Allocation Starts to be Mined (approximately 12pm UTC* on Tuesday)
Allocation Mining Ends (approximately 12pm UTC* the following Monday)
Payment Window Opens (approximately 12pm UTC* on that Monday)
Payment Window Closes (approximately 12pm UTC* on Wednesday)
We must stress two things about timings.
Firstly, each AME is unique, and we will post timing details for each on the Launchpool Medium, and on the website. Secondly, and this is important, timings are always ESTIMATED. Why? The staking contracts which facilitate an AME are governed not by timings, but by block numbers on the chain.
For AMEs on the Ethereum chain, we use Etherscan to estimate when blocks will be mined. Block numbers are shared on the AME Details Medium post, so you can monitor these yourself. Our advice is to act promptly when wishing to mine or to make a payment in case the blocks are mined at a faster rate than estimated.
Tip: we use this time converter to make sure we know our local time in UTC.
A word on some of our recent launches.
As we continue to focus on the coming Launchpool Labs first cohort (coming soon!) We take a minute to reflect on some of the recent Launchpool success stories.
PolkaCipher, the Polkadot-based privacy-preserving oracle network, raised a total of $400k from 1,553 Launchpool users on the 1st June, at a price of 0.012. The CPHR token went on to TGE on the 20th July, on Pancakeswap, at a price of $0.018. The current token price is $0.0405. PolkaCipher also released their Truss Platform NFT Cross-Chain Bridge today, which allows the swapping of NFTs from one chain to another. Keep an eye out for further roadmap developments in their Telegram: https://t.me/polkacipher.
Baanx, the CeDefi company who plans to bridge the gap between fiat and digital assets, had a successful raise of $500k from 905 participants on the 30th June, at a price of $0.10 per $BXX token. The $BXX token completed it’s combined TGE event on Uniswap (DEX) and MEXC (CEX) on the 14th July at an opening price of $0.15. Baanx have a number of developments coming up in their roadmap, including the launch of lending to financial institutions - keep up with them in their Telegram: https://t.me/Baanx_BXX.
Coinburp, an NFT-first crypto wallet, completed their Pre-IDO raise of $250k on Launchpool on the 9th June at a token price of $0.06. The $BURP token recently completed its public launch via Kucoin & Gate.io at a price of $0.11. The Coinburp team have since announced several developments which you can check out in their Telegram: https://t.me/CoinBurp
Hints & Tips: Startups are risky. Crypto startups are riskier.
Understand the risks of your investments, only invest what you can afford to lose.
Investing in early-stage companies is risky business, especially when coupled with the additional volatility of the crypto market. Even in the traditional investing world, the majority of startups simply do not succeed and so the risk of losing your initial investment is a real possibility. However, as we all know, the returns can be astronomical.
At Launchpool we do some of the work for you, sourcing some of the highest quality opportunities for our community, helping projects gain a Minimum Viable Community and connecting stakeholders with networks that help them succeed. However, we cannot guarantee returns. It is up to you, and only you, to manage your risk, plan your investment thesis and be sensible with your portfolio.
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