Impossible Finance, a multi-chain incubator, launchpad, and swap platform today announced that OpenSwap would be the first project featured on its newly-developed launchpad.
Impossible Finance Launchpad to Feature OpenSwap
OpenSwap, an integrated decentralized finance (DeFi) Hub that is committed to becoming an inter-chain, decentralized liquidity booster for traders will undergo a ‘targeted smart launch’ and benefit from Impossible Finance’s highly-awaited Initial DeFi Offering Launchpad.
Notably, this latest announcement from Impossible Finance follows its fresh strategic partnership with OpenSwap.
Commenting on the development, Calvin Chu, Council Member, and Core Buidler, Impossible Finance, said:
“OpenSwap is a godsend for DeFi traders, enabling them to access best pricing and multiple liquidity aggregation functionalities that are at the cutting edge of the industry. We’re thrilled to back the ultra-talented OpenSwap team, and to showcase what they have to offer via our multi-chain launchpad.”
It is worth highlighting the launch of Impossible Finance’s launchpad coincides with the release of the IDIA token which would function as the platform’s native token for the purposes of staking and earning allocations within token launches.
What’s more, the IDO staking was an unparalleled success with the total committed staked capital eclipsing the $1 million figure with 5 minutes of opening. It reached an all-time high of $5.3 million afterward.
Unsurprisingly, the event was 22x oversubscribed and witnessed participation from more than 2,400 KYC’d users.
Impossible Finance Committed to Empower Customers
Impossible Finance’s newly launched launchpad is inspired by Ethereum co-founder Vitalik Buterin’s DAICO design. It aims to aid project teams by targetting engaged audiences instead of those that are prone to pump-and-dump practices.
Among other resources, projects that launch on Impossible Finance’s launchpad can benefit from a ready investor network, incubators, hackathons, and other builder networks.
Further, it is ensured that fair allocations are made via KYC, on-chain whitelisting, BR Capital, and Prime Block.
Impossible Finance’s team boasts of several Ex-Binance and DeFi stalwarts including Calvin Chu from Binance Research. For the uninitiated, Calvin has been a major force at the helm of Binance Launchpad and has played a key role in the selection, incubation, and pre/post launch advisory of reputed projects such as Polygon (MATIC), Elrond, Axie Infinity, and Harmony.
As for OpenSwap, the decentralized liquidity booster recently raised $1 million through a strategic funding round which witnessed participation from a wide range of top-tier VC funds such as Coin98 Ventures, NGC Ventures, BR Capital, and Prime Block.
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