Blockchain and Cryptocurrency Advanced - The mediums used for Private/Pre/Public Sales in Crypto

chimzycash (72)in Project HOPE • yesterday

The mediums used for Private/Pre/Public Sales in Cryptocurrency

Website of the project

The website of the project is one of the mediums that is used for initial coin offerings in cryptocurrency. Depending on the project, the website for the ICO might contain signups, useful information about the project ICO and also a section where investors can exchange acquire the coins or tokens by exchanging the accepted cryptocurrencies like USDT, BTC, ETH to the project coins. This is be done by sending the required or desired amount to the address provided on the website. Depending on the set price, the conversion will be done and the investors will receive their ICO assets.

Launchpads

Exchanges is also another medium that is used for coin offerings through what is known as launchpads. The Launchpad programs basically allows the projects to be listed at their early stage and act as an incubator for the project before it becomes available for the masses. Binance Launchpad is very when it comes to exchange launchpads. Launchpads have a very strong credibility because of the level of scrutiny that is done before a top exchange like binance lists the project in its Launchpad. This makes it much easier and less risky for investors to participate in the coin offering.

Through social media

Social media still remains one of the powerful mediums used in coin offerings. Social media channels such as telegram, zoom, discord, private facebook groups can be used by project for the coin offerings. Social media channels is more common for private sale and presale and is seen as a cost effective way of reach out to a large number of early investors at the same time.

Meetups

Meetups have proven to be another effective medium that is used for fund raising especially for private sales. Since meetups require physical attendance of investors and project team, it gives the project team a closer connection with the investors to pitch the idea and concept of the project and for investors to have a closer insight of the project before making the commitment to invest in the project.

Project with successful IEO

The Solanax IEO

Solanax kickstarted its IEO on 28th June 2021 after holding a private sale that has a sale period from 6th June, 2021, to 25th June, 2021. Solanax chose ExMarkets as its IEO partner. The Solanax IEO had 10 million SOLD tokens as the initial number of SOLD tokens available for the IEO. Solanax held three rounds of IEO. The first two rounds which was completed saw a total 8 Million SOLD offered. The third round had 2 Million SOLD offered which was open for 3 days, to complete the 10 million SOLD tokens set aside for the IEO.

The first round which took place on the 28th Jun, 2021 and ended on 4th Jul, 2021 had an available supply of 5,000,000 SOLD tokens at a price of $0.20. The second round which took place on the 7th Jul, 2021 and ended on 11th Jul, 2021 had an available supply of 3,000,000 SOLD tokens at a price of $0.25. The third round which took place on the 14th Jul, 2021 and ended on 16th Jul, 2021 had an available supply of 2,000,000 SOLD tokens at a price of $0.30.

Solanax

Solanax is a basically a blockchain-based decentralized exchange DEX that runs on the Solana blockchain network. Solanax is an automated market maker AMM that aims to provide solutions and drive adoption in the DeFi space by offering fast transactions, low transaction fees and scalability. Solanax takes advantage of the features of the solana blockchain such as super-fast transactions, low fees, scalability and decentralization, making it have a strong potential to become one of the top decentralized exchanges to drive adoption.

The main aim of the Solanax project is to offer an improvement to some of the weaknesses and drawbacks of ethereum and other blockchains, providing a platform that is capable of driving adoption. This is done by providing advanced DEX features, secured transactions, fast transaction speeds, and low fees.

Screenshot (4317).png
Screeshot of solanax