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Top IDO Platforms on Solana

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With Solana riding the wave of rising popularity, there is a pressing demand for the IDO platform that is based on the Solana Blockchain

IDO platforms have been steadily gaining popularity over the last year. The main point of attraction that people find in IDO platforms is the ease of use. IDO platforms in essence are the gateway for retail investors to get in the early stages of a project’s development. They mostly work by the fairly established system of “Rounds”. Each round represents a separate sale stage with different conditions and rules for participation. By and large, rounds on IDO platforms look similar to this structure: Community Round, Private Round, and Public Round. There are, however, distinguishing and unique to platform constituents that can be added in order to stand out. It can range from being a simple additional round that incentivizes people to buy platform-specific tokens or an entirely new and creative way of structuring IDO.

The majority of IDO platforms currently available on the market are operating in the realms of two blockchains: Binance Smart Chain and Ethereum Network. With Solana riding the wave of rising popularity, there is a more pressing demand for the IDO platform that is based on the Solana blockchain. Before delving deeper into the available platforms, let’s take a peek at what is so enticing about Solana through the lens of current market conditions.

Solana is one of the leading solutions currently available on the market. There are a couple of reasons for that.

Solana is scalable. Scalability is an aspect that is achieved through blood and sweat in crypto. To attain a certain level of scalability that doesn’t overstep the foundational grounds of decentralization, is a challenging task even for the behemoths of the industry like Ethereum. Therefore tackling scalability in the right way is in and of itself an ordeal. Luckily, Solana introduces a new, conceptually unique feature called PoH (Proof of History). PoH works by measuring the passage of time between hash executions. In this way, it is possible to not only curtail the time for a transaction to get verified but also mitigates the overall encumbrance of the network, alleviating congestion of it, and helps to scale it almost indefinitely.

Inherently decentralized, and trustless. Solana is built upon the foundations of ETH and BTC ideals thus following in their steps to deliver full privacy and decentralized aspects into its network.

Absconds an obsolete PoW consensus and embraces the irrefutable advantages of PoS. Solana’s PoS works similarly to the orthodox PoS blockchains. This type of governance is partly or fully reliant on the vote of the majority in this case its validators. Solana has a long list of validators that are able to vote for particular changes by delegating votes.

Now that we see the importance and value that Solana brings to the table, it’s time to dig into IDO platforms that are currently flourishing on the network.

For the up-and-coming retail investors, the idea of IDO might bear a tinge of unreliability. Fortunately, with an established and more matured crypto market, IDO platforms instead represent a more reliable option for retail investors to get into the project earlier than it has ever before been possible. So what choice do we have coming into this precipice of crypto?

HAPI-owned Boca Chica platform will be one of the main launchpads for new Solana-based projects. The idea behind Boca Chica is simple – foster the growth of up-and-coming Solana-based projects with a unique approach. This is achieved in several steps. Firstly, projects on the Boca Chica platform will have a direct connection to the largest investors in the industry. Secondly, the best projects from the recent Solana Hackathon will be featured on the platform to give them as much exposure as possible.

There is also a swath of benefits for the retail investors willing to get on board early. Investors won’t need to stake or hold any platform-specific tokens in order to join the rounds. Instead, all that is needed is to take part in the Solana staking reward system which requires you to stake Solana with Validators. By doing so you will be getting both Solana coins as well as Boca Chica tickets with the ratio 1:1.

This kind of approach is beneficial because it allows for token-less IDO participation which can be quite bothersome especially with how prevalent this type of platform has become.

Another distinguishing feature of Boca Chica is its tight incorporation into HAPI. With Boca Chica, the HAPI token also boasts added utility case namely a separate Round on the platform that allows HAPI holders to partake in the IDO.

Let’s look at all of the rounds on Boca Chica to better illustrate the structure:

  • HAPI Round. The First and Exclusive Round for HAPI holders
  • Private Round. Reserved mainly for large investors and Venture Capitals.
  • Lottery. The Lottery Round will be explained in greater detail in the next article. It will function more as a community round that will allow everyone to join via whitelisting.
  • IDO (Public) Round. Listing on Solana DEX platform

Solanium is a relatively new Launchpad platform on Solana. Despite its recent emergence on the scene, Solanium sets out to implement a plethora of useful functionalities and freshen up the rooted norms of IDO conducting. In essence, though, Solanium is very much alike to the general qualities of IDO platforms: decentralized fundraising, time-weighted token staking, and governance voting.

The stand-out quality of Solanium is, however, a shift of the focus on user experience and making Solanium more than just an IDO platform. Solanium makes an attempt to become an all-in-one place for everything Solana-based or related for that matter. With a sleek UI/UX, Solanium does jut out from the sea of similarities.

They are planning to include wallet integration, DEX, and transaction management, all in one platform.

  • Great UI/UX and user-friendliness being the focal point
  • Time-weighted token staking and governance voting
  • Full integration within Solana (allegedly)
  • Fully decentralized Platform

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Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.



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Amber Group Announces New Amber App Referral Program

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Place/Date: Hong Kong – June 15th, 2021 at 8:37 pm UTC · 2 min read
Contact: Amber Group,
Source: Amber Group

Amber Group  the leading crypto trading and technology firm, announced new user perks and an enhanced referral program on its popular crypto finance mobile app – Amber App. Starting today, qualified new users are eligible to receive 18 USDS and up to 16% APR on BTC, ETH, and USD stablecoin deposits.

In addition, current Amber App users are now eligible to win an additional 10 USDS for each qualified referral, an 11% bonus from the referral’s Earn interest (excluding Flexible Earn), and Yield Boost subscription, and up to 34% on trading commissions.

Michael Wu, CEO of Amber Group, said:

“Since the inception of Amber Group, our goal has always been to provide our users with an unmatched crypto finance experience. We now serve users of all levels and hope the new user and referral incentives encourage new crypto adopters to explore the suite of crypto offerings we have built. We look forward to adding even more features and supporting new tokens soon.”

According to Amber Group, though BTC and ETH are still the preferred crypto investments, demand for DeFi tokens is booming. Amber Group has added DOT and BNB to its Flexible Earn feature, allowing users to earn up to 5% APR on their investments by simply depositing the tokens in the Amber App wallet. Amber Group plans on adding over a dozen new tokens to these investment features in the coming months.

In the past 5 months, Amber App has seen 4x growth with registered users crossing 100,000. Amber App now supports three new languages, Japanese, Turkish, and Russian in addition to English, Simplified Chinese, Traditional Chinese, Korean, Spanish and Portuguese. Users are also able to login to the app with their Facebook/Google account.

The Amber App is now available on the App Store and Google Play Store in over 140 countries and regions.

About Amber Group

Amber Group is one of the world’s leading crypto finance service providers, operating 24/7 with a presence in Hong Kong, Taipei, Seoul, and Vancouver. In 2019, the company raised $28 million in Series A funding led by Paradigm and Pantera Capital, with participation from Polychain Capital, Dragonfly Capital, Blockchain.com, Fenbushi Capital, and Coinbase Ventures.



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Bitcoin price hits $41K, then rejects after sellers defend the 200-MA

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The overall mood of the cryptocurrency ecosystem is muted on June 15 with most altcoins trading flat while Bitcoin (BTC) bulls look for a daily close above $41,000 as a sign that the market could be shifting in favor of bulls.

Data from Cointelegraph Markets Pro and TradingView shows that within the last few hours Bitcoin price rallied to $41,330 but the breakout was swiftly met by selling at overhead resistance levels.

BTC/USDT 4-hour chart. Source: TradingView

Another gauge of investor sentiment as highlighted by Rekt Capital is the 200 exponential moving average (EMA), which Bitcoin attempted to surpass on Tuesday but was firmly rejected. 

Bitcoin’s rejection at the 200 EMA was followed by a rapid sell-off to $39,500, showing that a possible move lower is not out of the question.

A few altcoins rally on positive news

Daily cryptocurrency market performance. Source: Coin360

While most of the altcoin market saw muted price action on June 15, Shiba Inu (SHIB) rallied 33% following the revelation that trading for the token would be supported on Coinbase Pro on June 17.

Following the announcement, Chiliz (CHZ) and KEEP also rallied 18% and 10% respectively. 

Icon (ICX) also received a boost following the release of a new Ethereum (ETH) Virtual Machine (EVM) compatible blockchain called ICE. ICE is expected to become the application hub for the Icon project and it will have its own native token.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for ICX on June 13, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. ICX price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score began to turn green on June 12 and eventually reached a high of 75 on June 13, 10 hours before the price increased 35% over the next two days.

Other notable altcoin performances include a 22% jump from Amp (AMP) and a 20% gain for iExecRLC (RLC) and Ultra (UOS).

The overall cryptocurrency market cap now stands at $1.685 trillion and Bitcoin’s dominance rate is 44.6%.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.