INSTARAISE: First decentralized IDO platform on Tezos.
Rug pulling has been a reoccurring thing over the months, ever since DeFi (Decentralized Finance) started to get recognition. Rug pull happens on DEXs (Decentralized Exchanges), and this is when the value of a listed token drops to the point where it can not be sold but can be bought. Sometimes due to a vulnerability in the smart contract or due to the removal of liquidity.
This foul play starts from IDO (Initial DEX Offering) where the token is been allocated unfairly to stakeholders, leaving them with the power to dump the token whenever they feel like. This keeps other investors at their mercy, and this should not be so. This and many more led to the creation of Instaraise.
Instaraise is the first decentralized Initial DEX Offering platform built on Tezos.
It solves the problem of unfair distribution and rug pulls through its fixed price swap pools, which is an upgrade to the traditional IDO as we know it. As it is based on a first come, first served basis.
The Fixed price swap pool maintain the token price throughout the sale until the initial supply is bought, which is a big advantage over ICOs, IEOs and the IDOs for the investors. Having a fixed purchase rate gives everyone that got to buy the token equal advantage, and this is what decentralization should be all about.
This will curb the act of giving pre-allocated slots to influential people, strictly on the "first come, first serve basis". The project have a decentralised superior tech that ensures the fund is safe while still remaining transparent to investors, the feature of the tech is called auto liquidity locking.
The auto liquidity locking ensures no one runs away with investors fund and automation makes sales more trustful. Instaraise also function as an incubation platform, the help in the building of projects from scratch to launch. Projects get premium advice on building, market strategy, reaching out to investors, product planning and many more.
Connect with Instaraise:
Telegram Announcement: https://t.me/Instaraise_Ann
Telegram Community: https://t.me/Instaraise