The Fantom Network has had a coming of age throughout 2021 as the high-speed, low-cost blockchain protocol has been embraced by users from around the world for the capabilities it offers in decentralized finance (DeFi) and non-fungible tokens (NFTs) while not breaking the bank to conduct even the most complex of transactions.
Now, the Fantom ecosystem is poised to experience a new level of growth and expansion as the network’s first multi-chain education, investment and rating platform FantomStarter (FS) has revealed the first cohort of Initial DEX Offerings (IDO) to be listed on its launchpad.
With a focus on finding innovative projects with dedicated teams and a working product capable of disrupting the status quo and capturing a significant market share in their specific niches, FantomStarter has selected the best of the best for its inaugural class of IDOs specifically designed to help expand the DeFi ecosystem on Fantom.
The alpha class of FantomStarter IDOs available to FantomStarter users who have completed KYC and are staking at least 15,000 FS tokens or a Tier 1 Minion Key NFT are Moda DAO, Wingswap, and Dexbrowser.
Moda DAO is a decentralized network focused on leading the way when it comes to integrating the music industry with Web3 via NFTs, micro-licensing, DAO governance, and DeFi.
The overall goal of Moda DAO is to help facilitate the creation of the Music3 infrastructure with an ecosystem of creator tools, publishing capabilities, and an innovation lab designed to remove the barriers to entry into the music industry and provide aspiring artists with the funds, technology, and know-how to get started in a safe and protected environment.
Wingswap is a next-generation decentralized exchange (DEX) that provides users of the Fantom Opera blockchain the opportunity to provide liquidity and create a market for others to exchange their original tokens. Wingswap also features an NFT marketplace where users can buy and trade their favorite NFT projects.
Dexbrowser is a decentralized exchange and Web3 data aggregator that combines multiple products, services, and tools designed to help simplify decentralized trading for the average user and help make it a more enjoyable and profitable experience.
The protocols’ advanced set of algorithms enable users to access the most popular pairs on various DEXes across multiple cross-chain networks to identify any available arbitrage opportunities.
Those interested in these unique offerings should act fast though as there is only a limited investment allowed, and by the time the next class of IDOs rolls out on FantomStarter in December, these projects will be out in the wild. In the next series of IDOs, FantomStarter will be launching public and private pools on other chains such as Binance Smart Chain, Polygon, Avalanche, or Solana.
The road to the mass adoption of blockchain technology and cryptocurrencies is all but laid out ahead of us and the concrete is being poured now. That being said, there are still plenty of opportunities to get in on the ground floor of the future titans of the DeFi industry, ahead of the wider public, and FantomStarter is specifically designed to locate just such opportunities for its ecosystem of dedicated token holders.