-
Allocation Staking
In this tutorial, we are going to give you an overview of our Allocation Staking and what it means to be holding and staking XAVA on the platform.In summary, XAVA stakers are rewarded in five ways:- Allocation in IDOs (optional)
- Deposit Fees
- IDO Allocation
- Cooldown Fees
- Ecosystem Rewards
You can think of this like single-sided staking (no impermanent loss), launchpad allocations and earning network fees, all rolled into one. Even if you can’t participate in sales, there is still plenty of reason to hold and stake XAVA.
As soon as you stake, you start earning XAVA, and those earnings contribute directly toward your allocation power in the system. With the maximum cap in place, it means allocations are fairly and broadly distributed, while large holders are still rewarded relative to their stake. As a result, we have a balanced economy that rewards both large and small holders.
Video Tutorial:
IDO Staking Instructions
- Navigate to the Staking page
- Click the “Staking” button in the menu at the top of the page
- Deposit your XAVA and confirm the transaction
That’s it! You are now staking for allocation in our sales! For a full review of the platform and its features, see below.
The IDO Staking Application
Staking for IDO allocation, ecosystem rewards and platform fees all happen in one place. Simply stake, earn alongside the growth of the platform, and take allocations you are interested in.
Allocations are optional and require registration.
1. Deposit XAVA
A 2% fee is deducted from each new stake deposited on the platform.
100% of this fee is immediately redistributed to all other stakers, in proportion to their XAVA staked (excluding the user who is paying the fee).Bear in mind, after paying your deposit fee, you will now earn on the fees of those staking after you. Your earnings will be based on the size of your stake relative to other stakes in the platform.Over time, this 2% (and more) will be returned through accumulated platform fees and rewards.2. Compounding XAVA
As you accumulate earned XAVA, you will need to harvest and deposit them into the staking contract in order to have them count toward future allocations and your share of the platform fees and ecosystem rewards.
In order to cut down on time and cost, the platform has a built in compounder.
To use the compounder, simply click the “Compound XAVA →” button and confirm your transaction.
Since this counts as a new deposit, it will incur the 2% fee, and be redistributed to all stakers.
More on Platform Fees
There are two fees to be aware of when using the platform. These fees are not taken by Avalaunch, but redistributed to XAVA stakers.
- Deposit Fee* (2%) — This fee is designed to ensure existing XAVA stakers are protected from dilution by new stakers. A staking fee is collected whenever new XAVA is staked. Staking fees are sent to the Staking Rewards contract, which distributes the collected tokens to stakers, relative to their stake.
- Allocation Fee* (2%) —Should you decide to claim an allocation, a fee of 2% fee of your allocation will be collected in XAVA and also distributed to XAVA stakers. For example, a $100 allocation would exact a $2 fee paid in XAVA. This fee not only promotes more thoughtful participation, but supports smaller stakers and individuals who can’t, or don’t want to, participate in sales.
- Cooldown Fees (15%-0%)—This fee is designed to reward devoted XAVA stakers immediately following sales. Avalaunch introduced a post-IDO cooldown period, where a fee in XAVA will be taken and redistributed to stakers, based on when you unstake. The fee begins at 15% post-IDO, and reduces every second toward 0% over 15 days.
These fees ensure a properly incentivized network and allow for some unique characteristics of the launchpad:
- Even with a maximum per person allocation in place, there is still a reason to accumulate hold and stake XAVA.
- You don’t need to KYC or participate in sales to earn from the platform.
- As Avalaunch grows larger, so do XAVA staker’s holdings.
Over time, even small stakers will earn enough in the network to become more meaningful participants — meaning more relative stake and allocation power. XAVA from the whales who claim allocations is redistributed into the hands of everyone else, leveling the playing for the entire system.
*Fee amounts will be monitored over time. They are not set in stone and can be adjusted, in either direction, if needed.
Avalaunch Tutorial Quick Links:
-
Platform Overview
In This Article: We’d like to present a complete, top-to-bottom overview of the Avalaunch platform and the philosophy that informed its features.
At the most fundamental level, we view Avalaunch as a way, through a codified system, to interact with the team who built it. When a person uses the platform, they are directly experiencing our amalgamated thoughts, ideals, effort, values and priorities. In this way, the Avalaunch platform is us, and ultimately, the things we find most important.
As we designed and modeled the systems that the launchpad is composed of, we were always guided by certain principles. In some ways you have to be. At every turn there are trade-offs and compromises, and without that guiding force to inform your decisions, you’ll be left with zero conviction about the end result.
In this article, we’d like to present a complete, top-to-bottom overview of the Avalaunch platform and the philosophy that informed its features. This encompasses broad, subjective topics with no final interpretation. When dealing with matters of fairness, inclusion and wealth, there is no Rosetta Stone. What you really have is the collective consciousness of a group of people who are invested in creating something worthwhile. From here, a firm, yet not inflexible, set of beliefs about the broadest application of these concepts, and a decision to build toward its manifestation, is born.
This is how we approached building Avalaunch and in the end are incredibly proud of the final result. It represents the best thinking of an immensely talented group of team members, contributors, advisors, and community members. It would be impossible to thank everyone that helped us along the way, but the ethos of the platform is embodied in all of them, and shines as a result.
Avalaunch Ethos
We built Avalaunch to embrace a few core tenets. From here, everything else follows.
- All eligible XAVA holders will receive allocation.
- All XAVA holders, regardless of IDO eligibility, will grow with the platform’s success.
- Long-term participants are rewarded.
As a result, there are:
- No tiered systems requiring arbitrary minimum stakes.
- No opaque whitelists or lottery system.
- Maximum allocations per user to promote broader distribution.
The XAVA Token
IDO Allocation Staking is the only way to participate in the Avalaunch ecosystem with your XAVA.
Avalaunch IDO Allocation Staking
IDO Allocation Staking on Avalaunch is similar to traditional farming, with the added benefit of earning both IDO allocation and platform fees, on top of ecosystem rewards.
When staking XAVA, your tokens will be rewarded in five ways:
- Allocation in IDOs (optional)
- Deposit Fees
- IDO Allocation Fees
- Cooldown Fees
- Ecosystem Rewards
How to Think About This:
You can think of this like single-sided staking (no impermanent loss), launchpad allocations and network fees, all rolled into one. Even if you can’t participate in sales, there is still plenty of reason to hold and stake XAVA.
Platform Fees
There are three fees to be aware of when using the platform. These fees are not taken by Avalaunch, but redistributed to XAVA stakers.
- Deposit Fee (2%) — This fee is designed to ensure existing XAVA stakers are protected from dilution by new stakers. A staking fee is collected whenever new XAVA is staked. Staking fees are sent to the Staking Rewards contract, which distributes the collected tokens to stakers, relative to their stake.
- Allocation Fee (2%) — When you claim your allocation, an allocation fee is collected and also distributed to XAVA stakers. This fee not only promotes more thoughtful participation, but supports smaller stakers and individuals who can’t, or don’t want to, participate in sales.
- Cooldown Fees (15%-0%)—This fee is designed to reward devoted XAVA stakers immediately following sales. Avalaunch will impose a cooldown window following the sale during which platform users will be penalized for withdrawing their stake. This penalty, paid in XAVA, will be redistributed to stakers, increasing APY and their allocation power within the system.
These fees ensure a properly incentivized network and allows for some unique characteristics:
- Even with a maximum per person allocation in place, there is still a reason to accumulate XAVA.
- You don’t need to KYC or participate in sales to earn.
- As Avalaunch grows larger, so do XAVA stakers’ holdings.
Why This Matters
Over time, even small stakers will earn enough in the network to become more meaningful participants. Power from the whales is redistributed into the hands of everyone else, leveling the playing for the entire system.
The potency of the fees also plays into how we grow allocation power within the system.
Staking Weight
At a high-level, the platform is designed to reward long-term stakers over time. Therefore, the longer you stake, the more allocation power you should have. Originally, we conceived of a system where the duration of your stake determined the “weight” those tokens held.
For example, 10 XAVA that were staked for 10 days would be weighted “heavier” than 10 XAVA that had been staked for 1 day and possess more allocation earning “power.”
While conceptually sound, it occurred to us that we could do better. Why reward loyal stakers with imaginary “stake points” when we could grow the monetary value of their position, in addition to allocation power? From this realization, a new design was born.
Instead of weighting static tokens differently over time, we reward stakers with more XAVA derived from platform fees and ecosystem rewards. As Avalaunch grows, the APY on your stake, and its allocation power, grows over time. This design has three distinct benefits over the former:
- The longer you stake, the more XAVA you earn, in addition to allocation power.
- You not only have more allocation power in the system, but it now has a monetary value that can be compounded through staking and farming.
- Rewards are aligned with platform growth and our community shares in its success.
Sale Rounds
Each sale will consist of two rounds: Validator Round and Staking Round.
A user may only participate in one round, even if you qualify for both. At the time of registration, you will need to choose one. Once your selection is made, this cannot be changed at any point.
- Validator Round (Maximum of 5%*) — Open to all eligible** Avalanche validators
- Staking Round (Minimum of 95%) — Open to all eligible XAVA Stakers
*These percentages are upgradable, and may be altered over time.
**Eligibility is determined by a valid KYC registration and operating from a non-excluded jurisdiction.
Each round will stay open for a predetermined amount of time, and any unsold tokens will flow over into the next round.
Allocation Maximum
While there are no minimums required to participate on Avalaunch, there are maximum allocations, regardless of how large your stake is. This is to ensure the broadest possible participation and prevent the sales from being dominated by large holders.
How Are Maximum Allocations Determined?
On Avalaunch, your percentage staked relative to the rest of the network does not correlate directly with your maximum available allocation. If it did, the entire premise of “whale-resistance” would fall apart. Big players would receive the largest allocations and the token distribution would spiral toward centralization.
Instead, this value needs to be dynamic and change sale-to-sale based on registered interest.
In short, maximum available allocations for each account are set on a per sale basis, after registration has closed. At that point, the qualified stakes are analyzed, and based on the data, a global maximum allocation is determined for all users.
This “allocation setting” is used to ensure that smaller holders receive the largest allocation possible relative to several factors like tokens available, number of registered users and the qualified stakers in the system.
Consider the Following
If the largest qualified stake in the system was 100,000 XAVA, the threshold at which the maximum allocation begins would be much higher than if it was, say, 5,000 XAVA. This is because the range from 1 to 100,000 is much larger and you will likely need to satisfy more midsize to large holders.
If you assume the numbers beforehand, you may very well miss the opportunity to give smaller holders more. Additionally, if you were to use some kind of average, you would run the risk of drawing the threshold higher based on a few large outliers. This approach is as much art as it is science and born out of our desire to optimize data as it comes in, rather than applying a formula in advance.
However, this does not mean there is no reason to hold XAVA beyond a certain amount. The ecosystem rewards and fee redistribution is relative to your stake and large holders are in fact also rewarded. They just won’t be able to monopolize sale distribution.
Closing Thoughts
The Avalaunch platform is not a static entity. It comprises innumerable individuals dedicated to exploring its evolution. Our platform today, and how it works, likely does not represent its final form. Keeping pace with an industry like crypto, which moves at breakneck speeds, requires an equal dedication to keeping up. While we feel this is the best representation of our platform today, we know enough to acknowledge that an ability to adapt and execute is one of our industry’s most valuable skill sets. t
There are numbers in this overview, like fee amounts, for example, that will be monitored over time. They are not set in stone and can be adjusted if needed. We will continue to build Avalaunch, informed by experience and feedback, for years to come.
Avalaunch Tutorial Quick Links:
-
Sale Rounds & Eligibility
In this tutorial, we will be covering the different rounds contained in each Avalaunch sale. Each round has a different percentage of the total sale, requirements for eligibility and priority.
Round Types
Every sale on Avalaunch will be broken into three rounds and occur in the following order:
- Validator Round — Guaranteed Allocations
- Staking Round — Guaranteed Allocations
- Booster Round — Opt-In Allocations
Please Note: Once the Validator Round closes, the Staking Round begins. Once the Staking Round closes, the Booster Round begins.
Round Allocations
Each round begins with a different fraction of the total amount available for sale:
- Validator Round* — Maximum of 5% of the total sale
- Staking Round — Minimum of 95% of the total sale
- Booster Round — What remains unsold from Validator and Staking Round
Whatever isn’t sold in the current round will move over into the subsequent round. For example, if only 5% was sold in the “Validator Round,” (instead of 10%) the remaining 5% would move into the “ Staking Round,” making it 95% when it begins instead of the 90% minimum. Same formula applies to available tokens in Booster Round.
*These percentages are subject to change in the future, and rounds may be removed and/or added.
Eligibility
A completed KYC is required for sale participation. If you have not completed our KYC process, please do so in our KYC Application.
After completing the requirements, you will still need to register for a sale during the set registration period. If you miss that registration period, you will not be able to participate.
1. Validator Round
Requirements:
- Own and operate an Avalanche network validator node.
- Create an account and complete our KYC Application.
- Verify ownership of your node in our KYC application.
- Verify your C-Chain wallet in our KYC Application.
This node must be active during both registration and sale to qualify.
2. Staking Round
Requirements:
- Create an account and complete our KYC Application.
- Verify your C-Chain wallet in our KYC Application.
- Stake XAVA in our Allocation Staking Application.
There is no minimum of XAVA you must stake, but the more you stake, the larger you allocation will be. The Avalaunch platform offers guaranteed allocations to all stakers, but there is also a maximum allocation set for each sale.
3. Booster Round
Requirements:
- Create an account and complete our KYC Application.
- Verify your C-Chain wallet in our KYC Application.
- Stake XAVA in our Allocation Staking.
- Opt in to Booster Round in Automations Tab.
This feature will add you to a queue of participants who wish to purchase additional allocation from the pool of unsold tokens. Please make sure you have deposited the suggested amount of collateral.
Sample Sale
Below is an example of how a sale might unfold on the Avalaunch platform.
In parenthesis is just one hypothetical scenario, but will illustrate the logic of the smart contracts.
10:00 a.m. — Validator Round Begins (Max 5%) — 2 hours
(Only 3% of the round allocation is sold, so 2% moves to the next round.)
— 1 Hour Break —
1:00 p.m. — Staking Round Begins (Min 95%) — 2 hours
(Since 2% moved over from the last round, this round is 97% instead of the 95% minimum.)
Avalaunch Tutorial Quick Links:
-
YAY Games IDO: Updated Schedule
With the announcement of our first IDO, YAY Games, entering the Avalanche Rush DeFi Incentives program, we saw a small delay with our schedule in order to make sure that all projects were properly in alignment.
With this monumental news and recognition of the Avalaunch / YAY Games collaboration behind us, we are pleased to announce our updated IDO schedule.
Pre-Sale Schedule
8/31 at 11:00 a.m. (PST): Allocation Staking Opens
9/01 at 11:00 a.m. (PST): Registration Opens
9/02 at 11:00 p.m. (PST): Registration Closes
*The URL for the staking and launchpad application will be published shortly before staking begins from our Twitter and Announcement Channel.
*Registration will be open for 36 hours.
If you would like to convert these times into your local timezone, Time Buddy is a useful tool.
Sale Schedule
9/03 at 9:00 a.m. (PST): Validator Round Begins (2 Hours) — Guaranteed Allocations
— 1 Hour Break —
9/03 at 12:00 p.m. (PST): Community Staking Round Begins (2 Hours) — Guaranteed Allocations
— 1 Hour Break —
9/03 at 03:00 p.m. (PST): Public Round Begins (2 Hours)
*The sale closes after the public round has elapsed, or until all tokens are sold.
If you would like to convert these times into your local timezone, Time Buddy is a useful tool.
Avalaunch sales run longer than many other platforms as there is no rush to participate, and we’d like to give users enough time to explore the application. By the time the sale begins, you are either eligible, or you are not. As long as you participate within the time window of your designated sale round, you will receive your allocation.
-
Avalaunch Lists on MXC
Pursuant to our partnership announced last week, found here, Avalaunch is proud to be listed on MEXC Global.
As a thriving cryptocurrency exchange, incubator and launch platform with nearly a billion USD in daily trading volume, MEXC is an ideal platform to create a broader distribution for the XAVA token as well as expose the project to a much wider audience. With approximately six million registered users, with ~75% of them in China and Southeast Asia, the opportunity to connect with MEXC’s vibrant community of traders and cryptocurrency supporters represents an important step forward.
A Brief Overview
MXC Global Users:
- ~6 million Registered users with ~200k users per day
Geographic Profiles of Users (approximate):
- 12% in North and South America
- 12% in Europe
- 75% in Asia and China
Security
Established in early 2018, MEXC Global has not suffered a security breach on their exchange and have maintained an impressive trust score across tracking sites. To date, their trust scores as compiled by Coingecko puttting them on par with the proverbial “best of the best.”
Socials:
- Their English speaking telegram has in excess of 125K members
- Similarly large followings across additional Chinese groups
- Twitter: 204.2K Followers
- MEXC Fans Twitter: 51K Followers
Liquidity & Fees
- Average Bid-Ask Spread — 2%
- Normalized Volume Percentile — 98th
- MXC fees are slightly lower than the global industry average at 0.20%/trade.
We look forward to a thriving working partnership together to advance the global initiative that is Avalaunch and to similarly support MEXC in providing a state-of-the-art crypto trading experience.
About MEXC Global: A Leading Crypto Trading Platform
MEXC Global is a cryptocurrency exchange offering one-stop crypto-related services, including margin and spot trading. The centralized exchange boasts a core team of experienced professionals who have worked in world-class financial companies.
The platform offers the most comprehensive marketplace where participants come together to manage crypto holdings, trade, hedge risks, and develop strategies to maximize yields.
Formerly known as MXC, the leading exchange recently rebranded to MEXC Global as it embarks on achieving its goal of global adoption. The exchange is known for its pursuit of global compliance, which has enabled it to expand its world-class services to over 70 countries.
Users on MEXC enjoy a seamless and limitless trading experience, with transaction-matching technology used to maximize earnings from each trade. The global platform also guarantees optimal data integrity, enhanced performance, and high speeds of up to 1.4 million TPs.
Find Us On:
Medium: https://medium.com/mexcglobal
Telegram: https://t.me/MEXCEnglish
MEXC trading: https://t.me/MEXCTradeofficial
Twitter: https://twitter.com/MEXC_Global
Facebook: https://www.facebook.com/mexcglobal
Discord: https://discord.gg/zu5drS8
Instagram: https://www.instagram.com/mexcglobal/
-
YAY Games AMA#2 — Technical Deep Dive with Nikolay Epifanov
Join us in the Avalaunch Telegram group for the second AMA with the YAY Games team.
We will be joined by YAY Game CEO, Nikolay Epifanov, where we will be diving deep into the technical aspect of the project. The focus here will be on the development, technical challenges and gaming on the blockchain.
In addition to Avalaunch’s questions, we will be giving the community two opportunities to ask theirs, and we will be rewarding the 10 selected questions with $50 USDT each, for a total of $500 in prizes
Date & Time
- Date: 8/25/2021
- Time: 11:00 a.m. (PST)
- Where: Avalaunch Telegram
- Twitter Thread: Here
AMA Contest Rules
To be eligible to have your question selected, you must:
🐣 Follow: Avalaunch & Yay Games
✈️ Join: Avalaunch Telegram & YAY Games Telegram
♻️ Retweet: Tweet
👪 Tag 3 friends: Tweet
There will be two ways to submit questions:
- Commenting on the Twitter post announcing this AMA
- Live during the AMA
Shortly before the AMA, we will select the 5 best questions from the Twitter thread and those will be asked during the session.
During the AMA, we will open up the chat for community questions. The 5 best questions will be selected by the guest for answering.
If your Twitter or community question was chosen, you will be contacted to receive your prize.
-
Avalaunch & MEXC Global Partner for Avalanche Project Incubation and Joint IDO/IEOs
Since inception, Avalaunch has focused on building foundational relationships that will serve and support the projects that leverage our platform, before, during and after launch. The earliest days of a project’s development, and the network established during its infancy, tend to have a profound effect on the months and years to follow. This is, in part, why we strive to establish strategic collaborations with some of the most influential organizations in the cryptocurrency space.
As such, we are excited to announce that Avalaunch will be partnering with MEXC Global, a worldwide exchange which performs $500m+ in trading volume daily.
Background
MEXC Global, a leading cryptocurrency exchange, has evolved to become far more than a place to trade tokens. In recent months, they have mobilized their resources to offer expanded services from incubation to IDOs along with the listing of digital assets. We at Avalaunch were fortunate to have taken due note of this evolution and believe that together, we can actively drive the Avalanche ecosystem forward. Their proactivity has extended to supporting select Layer 1 blockchains and their active and growing interest in the Avalanche ecosystem aligns perfectly with our vision for the platform’s future.
Avalaunch, a launchpad powered by the Avalanche platform, allows new and innovative projects to seamlessly prepare for launch with an emphasis on fair and broad distribution. With our values deeply rooted in the early Avalanche community, Avalaunch is able to offer teams access to informed users and partners who are aligned with the long-term goals of the rapidly expanding application ecosystem.
MEXC Global, as a forward-thinking exchange that supports innovation, will work closely with us to accelerate projects that may come to represent the best and the brightest being built on the Avalanche platform. The MEXC Global team has come to believe in our ecosystem and have been exceptional in connecting with the greater Avalanche community. We believe this is just the beginning.
Initial Offerings
Where the true commitment of this partnership shows itself comes from our desire to perform Avalaunch IDOs in tandem with MXC IEOs. As fellow proponents of Avalanche and believers in the quality of endeavors coming to the chain, this combining of forces will ensure that exceptional Avalanche-based teams receive strong exposure and support while working to build foundational applications.
Our joint effort is designed to offer essential liquidity to new projects during their most critical stage of development along with additional guidance, expertise and resources. The benefit from MEXC Global’s top tier marketing services, growing liquidity and strong user base coupled with Avalaunch’s outreach and community support is a dynamic collaboration.
For Avalaunch, having the opportunity to work this closely with a centralized exchange that is ready, willing and eager to deploy their resources to accelerate a new technology towards adoption is something we are honored to be a part of. As organizations with shared goals, we can synergistically contribute to the success of the worthy initiatives we jointly support.
C-Chain Integration
MEXC will integrate with the Avalanche C-Chain, further demonstrating their investment in the growth of the platform. This native integration will allow for more users to flow onto the Avalanche platform, in helping solidify Avalanche as one of the most secure, scalable, truly decentralized technologies the blockchain industry has seen to date.
Conclusion
Avalaunch values the opportunity to align with such an essential partner in the path to broader adoption. Avalaunch’s primary directive is to help grow the Avalanche application ecosystem while fostering strong, healthy communities who are interested in supporting projects long-term as they continue to advance our new decentralized world. MEXC Global and Avalaunch’s offering of early stage funding, exposure, incubation and listings for promising native Avalanche projects represents a great opportunity to leverage a devout grassroots community and a worldwide network to ultimately expose millions of new users to the potential of the Avalanche platform. Avalaunch looks forward to working closely with MEXC Global to push the Avalanche technology, and the team’s that build on it, forward.
About MEXC Global: A Leading Crypto Trading Platform
MEXC Global is a cryptocurrency exchange offering one-stop crypto-related services, including margin and spot trading. The centralized exchange boasts a core team of experienced professionals who have worked in world-class financial companies.
The platform offers the most comprehensive marketplace where participants come together to manage crypto holdings, trade, hedge risks, and develop strategies to maximize yields.
Formerly known as MXC, the leading exchange recently rebranded to MEXC Global as it embarks on achieving its goal of global adoption. The exchange is known for its pursuit of global compliance, which has enabled it to expand its world-class services to over 70 countries.
Users on MEXC enjoy a seamless and limitless trading experience, with transaction-matching technology used to maximize earnings from each trade. The global platform also guarantees optimal data integrity, enhanced performance, and high speeds of up to 1.4 million TPs.
The trading platform offers its native MX token, which is currently trading for $0.8110 per data from the top crypto ranking website coinmarketcap.
-
Avalaunch Lists on BitMart
The Avalaunch (XAVA) token will be available to trade on the BitMart Exchange. Trading will commence on August 26th 2021 at 7AM PST and will be available as a USDT pair.
- Deposits: 8/25/2021 7:00 AM PST
- Trades: 8/26/2021 7:00 AM PST
- Withdrawals: 8/27/2021 7:00 AM PST
- Pair: XAVA/USDT
With some 180 supported countries and 5 million “customers served,” Avalaunch is happy to announce the listing. As a launchpad representing the greater Avalanche ecosystem, broad distribution of the XAVA token and exposure to the great projects coming to our launchpad is paramount. BitMart has something of a distinction in the space as it is one of the few exchanges that is perhaps a better known quantity to the general public than cryptocurrency aficionados.
The BitMart team has been an abolute pleasure to work with and we believe that they will continue to make strides and be a long-term supporter of Avalaunch in all our endeavors.
About BitMart
Whether you are an individual or an institution, we want to help you buy, sell, and store your cryptocurrency. Our vision is to bring cryptocurrency available to everyone everywhere, we believe, the decentralized digital currency will reshape the global economic fundamentally, such financial freedom would bring further economic innovation, efficiency, and equality to the world. But it won’t happen unless we build simple, and secure products for individuals and institutions around the world to discover and interact with this new frontier.
-
YAY Games #1 — Project Overview with Guilherme Jovanović
Join us in the Avalaunch Telegram group for the first of two AMAs with the YAY Games team.
First up is YAY Games CSO, Guilherme Jovanović, where we will be covering the project at a high level. The focus of this AMA will be the business development, vision, road map, and post-IDO plans. Our second AMA with CEO, Nikolay Epifanov, will focus more on the technical fundamentals of the project.
In addition to Avalaunch’s questions, we will be giving the community two opportunities to ask theirs, and we will be rewarding the 10 selected questions with $50 USDT each, for a total of $500 in prizes
Date & Time
- Date: 8/22/2021
- Time: 11:00 a.m. (PST)
- Where: Avalaunch Telegram
- Twitter Thread: Here
AMA Contest Rules
To be eligible to have your question selected, you must:
🐣 Follow: Avalaunch & Yay Games
✈️ Join: Avalaunch Telegram & YAY Games Telegram
♻️ Retweet: Tweet
👪 Tag 3 friends: Tweet
There will be two ways to submit questions:
- Commenting on the Twitter post announcing this AMA
- Live during the AMA
Shortly before the AMA, we will select the 5 best questions from the Twitter thread and those will be asked during the session.
During the AMA, we will open up the chat for community questions. The 5 best questions will be selected by the guest for answering.
If your Twitter or community question was chosen, you will be contacted to receive your prize.
-
Coming Soon to Avalaunch — How We Think About “Avalanche Native” Projects and the Future of…
The next few months on Avalaunch are going to be exciting. With the announcement of the Avalanche Rush 180M DeFi Incentive Program and the surging amount of interest from all corners of the world, it would be fair to say that “the ecosystem has arrived.”
With large players from other chains integrating with Avalanche it feels like a validation of the things that the early community has known all along. There is still much work to be done, but we at Avalaunch feel that the “awakening” we knew was coming has finally arrived and there is really no telling where we go from here.
A Multi-Chain Avalanche
Before we cover our line-up of projects coming soon to Avalaunch, we wanted to provide some insight into our selection process and how we currently view the burgeoning Avalanche application ecosystem.
This week we announced our first IDO, YAY Games. YAY Games is special to us for many reasons, but one in particular stands out as relevant for the purposes of this brief editorial. That is, they were recently unknown to the Avalanche community and are not an “Avalanche exclusive” project. For Avalaunch, an Avalanche-specific launchpad, dedicated in whole to expanding the native ecosystem, that may seem like a strange choice.
However, we don’t really think so.
Blockchain technology now exists as a thriving multi-chain structure destined to evolve as an ever-increasingly interconnected organism. Therefore, a good team with a strong vision, regardless of their current chain of choice, is absolutely worth our time and attention. Our thinking is that the right project for Avalaunch doesn’t necessarily look any one way and there is no “one-size-fits-all” approach.
For example, maybe you are building exclusively on Avalanche and bleed AVAX red. We like that. Or, maybe, you want to build on three chains, and also leverage the power of the Avalanche community because you are excited about what it feels like to build here. We can appreciate that, too. It just depends. These are scenarios we encounter every day and it’s simply too early to rule out anything completely. The opportunity is always in the unknown and we are dedicated to investigating those uncertain realms in earnest.
Ultimately, we are most interested in more minds, teams and communities being exposed to Avalanche. YAY Games came to us with a large following, and as a result of their decision to work with Avalaunch, afforded us tens of thousands of BSC users now exploring Avalanche — maybe for the very first time. In our book, that’s a major win for the native ecosystem. Not to mention that the YAY team are Avalanche fan boys and have been involved with the platform since day one.
To summarize, we think the best communities and technologies will win, and there doesn’t need to be just one. Maybe there will be, maybe there won’t. We don’t pretend to know. For us, of course, Avalanche reigns supreme. From top to bottom there simply isn’t anything else like it. The people, the technology, and the enthusiasm around its growth is what keeps us going day-to-day. It’s a really special thing.
But, there are plenty of good teams who are not “all-in” on Avalanche (yet) and are excited about experimenting with multiple ecosystems. We think that spirit of exploration is important and is the same type of curiosity that gave us the Avalanche platform in the first place. Let them explore, support them while they do, and eventually, Avalanche will become their preference. It’s really that simple.
While Avalaunch will always likely err toward inclusive, we have plenty of upcoming projects that are Avalanche native through and through and we, of course, look forward to supporting them too.
Coming Soon to Avalaunch
There is a lot we have been working on behind the scenes and we wanted to give the community a preview of some of the confirmed sales coming to Avalaunch. While this does not represent a complete list of projects committed to participate in the Avalaunch ecosystem, we hope it gives our community a good sense of what they can expect in the coming weeks and months.
Over the last year, we have spent countless hours meeting with teams, exploring projects in various stages of development and evangelizing Avalanche far and wide. The following list represents what we believe are some of the strongest, most interesting and useful projects being built on Avalanche today who are ready for their IDO.
The dates for these sales are to be announced, but many of them are coming very soon and we look forward to educating our community about why we think there are vital additions to the Avalanche ecosystem.
So, without further ado…
Oh! Finance
Fight back with the future of money! Oh! Finance offers optimized yield-generating products, focused on reducing risk and increasing volume exposure while earning industry leading interest rates. Oh! Finance aggregates popular DeFi investment strategies and automatically compounds your earnings.
Intelligent auto-compounding maximizes underlying returns, saves on transaction fees by using optimized Smart Contracts while seamlessly managing funds to gain exposure to the best DeFi protocols.
Rise Online
Rise Online is the first MMORPG game developed by Rokosoft with over 100,000 users for their Alpha 2.0. With a strong history as accomplished game developers, the team’s vision to integrate the crypto asset ROCO onto the Avalanche blockchain as part of a larger Rokosoft ecosystem of games and partner games holds great promise.
With NFT solutions, open source SDKs, APIs, virtual management applications and payment system platforms for game developers, content creators and player communities, all slated for Avalanche, we anticipate a potent suite of services.
Kalao
Powered by the Avalanche blockchain, Kalao’s NFT ecosystem leverages a cost effective and easy-to-use marketplace that is poised to accelerate the adoption of VR technologies. The Kalao framework develops virtual worlds and sustainable digital transformations that empower users to create, purchase, sell and collect NFTs.
Built on the Avalanche blockchain, Kalao leverages speed, low fees and security to deliver seamless experiences of a full metaverse, where users can buy a piece of Kalao’s virtual worlds as well as showcase NFT collections in a personalized 3D gallery.
Website | Twitter | Telegram | Discord
Colony
Colony is a community-driven ecosystem accelerator built for the Avalanche ecosystem that will endeavor to bring the structural integrity of traditional finance to DeFi. Colony has set out to construct a properly incentivized foundation for the next generation of applications built on the Avalanche platform.
Powered by a first of its kind funding mechanism, Colony imbues traditional venture capital with a spirit of community through open governance, support and inclusion.
Website | Twitter | Medium | LinkedIn
Hurricane Swap
Welcome to a free economy — HurricaneSwap fundamentally solves the cross-chain transactions of complex assets through a unique market mechanism with cross-chain capabilities. Different from the simple pure currency cross-chain this undoubtedly breakthrough innovation solves the current trading island problems to greatly increase market liquidity.
HurricaneSwap is an Avalanche-based decentralized exchange trading protocol that can create multi-chain assets, confirm transactions in seconds, with cheaper gas costs, user-friendly interoperability to essentially remove the limitations of Ethereum’s insufficient throughput and high fees, effectively reinventing the existing CEX and DEX model.
Website | Twitter | Telegram | Medium
We hope you all are as excited as we here to start seeing the Avalanche ecosystem grow and continue to come to life. Make sure to stop by the communities of these projects, say hello, and give them a follow!