Today we are going to talk about a new product that we have hinted about in the recent releases- EGG Pools. EGG Pools when live, would give additional utility to EGGs and maintain activity levels on SuperLauncher regardless of market conditions.
What are EGG Pools?
EGG Pools are inspired from ISPOs which are found on the Cardano network, and Parachain Auctions, which are found on the Polkadot network. The concept behind ISPOs and Parachain auctions is that holders of ADA or DOT are able to lock them on the network for a period of time (3 months to 2 years), in return for tokens of either listed or unlisted projects. Projects get an audience, while those that lock their collateral get project tokens. After the lock period is over, the users receive their full collateral back. We’ve noticed that this drives activity, gives projects and audience and preserves the user’s collateral and grants them with token upside.
The Idea Behind EGG Pools
In a market where there is positive sentiment, there would be multiple projects that look for funding and launchpads are kept busy, and investors are active due to the multiples that present themselves. However, in markets where there is largely negative sentiment, new project launches do not excite or attract investors.
However, projects are always looking to acquire users in one way or another. Typically, the fastest way to attract users is through the sale of their tokens across multiple launchpads. When there is negative sentiment, projects start to run out of ideas or mechanisms that allow them to gain users.
Enter the EGG Pools. Projects can now devote a certain amount of their tokens to SuperLauncher, and SuperLauncher users would have to stake their EGGs over a period of time. In return, they would get project tokens (either linearly through the staking period or at the end) and they would receive their full EGG collateral back after the lock period ends.
The presence of EGG Pools would mean that SuperLauncher would be able to onboard projects that are looking to collaborate through airdrops or giveaways, into the EGG Pool without having to perform the same level of due diligence as launches. Investors are derisked, as they would receive their full collateral back, along with projects tokens at the end of the lock period. This would allow SuperLauncher to maintain a consistent level of activity through all market conditions and give users more riskless upside.
If you know any projects that might be interested to devote some of their tokens to the EGG Pools, in return for user acquisition, do not hesitate to reach out through our telegram chat! We hope you like the concept, and we look forward to rolling this out throughout 2022.
As always keep your eye peeled for more updates.
SuperLauncher is an investment DAO that funds and collaborates with projects that are shaping the future of the blockchain. We facilitate mass participation in Seed/Private/IDO rounds through our smart contract architecture and offer a feature-rich platform that powers flexible and decentralized management of capital.