GMD Launches Revenue Aggregator-based Launchpad with Quality and Relevance Prioritization
On February 27, GMD Protocol, a revenue aggregator based on GMX, launched the GMD launchpad, which will be prioritized based on the relevance between the proje…
On February 27, GMD Protocol, a revenue aggregator based on GMX, launched the GMD launchpad, which will be prioritized based on the relevance between the project and GMD and the quality of the project itself. GMD said that it would conduct due diligence on the project and set a soft and hard upper limit on the sales of tokens on the launchpad. When the sales volume reached the soft upper limit, the price of tokens would rise linearly until it reached the hard upper limit.
Revenue aggregator GMD Protocol launched GMD launchpad
Interpretation of the news:
The GMD Protocol has announced the launch of a revenue aggregator-based launchpad aimed at prioritizing project quality and relevance while conducting due diligence to ensure successful performance. The firm’s latest launchpad is the latest sign of its innovative approach to creating superior digital services, benefitting a range of stakeholders, including developers, investors, and token holders.
The GMD launchpad, as noted by the firm, will prioritize projects based on their relevance to GMD’s network and the quality of the project itself. The revenue aggregator, based on its GMX capacity, seeks to facilitate the development of blockchain-based projects that require financial support to become viable ventures that can deliver value to investors, developers, and the broader cryptocurrency industry.
To ensure project feasibility, GMD will conduct due diligence on the project before setting a soft and hard upper limit on the sales of tokens. The soft limit will typically be a threshold amount that allows the project to raise sufficient funds to reach its milestones, while the hard limit ensures that the demand for the token would not surge beyond the predicted limits.
The launchpad’s innovative approach is the way it manages token sales volume, where when the sales volume approaches the soft upper limit, the price of tokens will rise linearly. This strategic approach reduces price volatility and ensures that all investors receive a fair price for their purchases. However, when the sales volume reaches the hard upper limit, the token’s price will remain stable to avoid an oversupply of tokens and protect early investors from fluctuations that could hurt their investments.
In summary, the launch of GMD’s revenue aggregator-based launchpad represents another milestone in the firm’s journey of creating innovative tools to foster blockchain-based development. The prioritization of quality-assured, relevant projects coupled with due diligence and an effective token price management strategy has the potential to create net positive value for investors and developers engaged in the cryptocurrency industry.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/3721.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Data: 50 million USDTs transferred from Kraken to Bitfinex
On March 21st, according to Whale Alert monitoring data, at 19:11:235 Beijing time, 3500000 USDTs were transferred from Kraken to Bitfinex.
Data: 50 million USDTs transferred from -
Arbitrum Surpasses Ethereum in Daily Transactions: What Does This Mean for the Crypto World?
According to reports, data from Dune Analytics shows that the number of daily transactions of Arbitrum has exceeded that of Ethereum for six consecutive days since March 21. When A
-
Evolve Taps Coinbase as Sub-Custodian for a $148M Crypto ETF
On February 23, Evove, a Canadian financial company, has appointed Coinbase as the sub-custodian of all digital assets, involving a US $148 million digital ass…
-
The Future of the Encryption Market: A Look at the Regulatory Landscape
On April 24th, John Reed Stark, former director of the Internet Enforcement Office of the US SEC, believed that the encryption market will continue to see more lawsuits in the futu
-
Bloomberg GPT: A Large Language Model for the Financial Industry
On March 31, Bloomberg released a Bloomberg GPT paper on the Large Language Model (LLM) for the financial industry. This model builds a 363 billion tag dataset based on a large num
-
United States Bank of America Joins A-Round Financing of Ownera, a P2P Digital Securities Wallet Platform
On March 1, it was announced that the United States Bank of America was involved in its A-round financing. Ownera is developed based on the open source protoco…
-
Coinbase Assets Temporarily Suspends PRIME Transaction Due to Degradation of Function
According to reports, Coinbase Assets announced on social media that due to the degradation of the transaction function, the Parallel token PRIME was temporari…
-
Central Bank of the UAE Announces Digital Dirham Strategy: What You Need to Know
On March 23, it was announced that the Central Bank of the United Arab Emirates (CBUAE) would implement its Central Bank\’s Digital Currency (CBDC) strategy, known as the Digital Di
-
Shenzhen’s Plan to Boost Private and Medium-sized Enterprises
On February 27, the Shenzhen Municipal Service Bureau for Small and Medium-sized Enterprises recently released the Implementation Plan of the \”Star Shining Pen…
-
zkSync Collaborates with Buidl Box to Organize Hacker Song Series
It is reported that zkSync, an Ethereum two-layer network based on ZKRollup, announced that it would cooperate with the buidl box to open the first of the zkSy…