Polkastarter Integrates with Blockchain Protocol Celo to Make IDOs Easy
Fully decentralized launchpad Polkastarter has announced its integration with blockchain protocol Celo.
Celo is a blockchain protocol with a mission to build a financial system for everyone. It’s a mobile-first platform that makes crypto payments, financial dApps, and smart contracts accessible to everyone.
Polkastarter is the fully decentralized launchpad to launch new ideas in the blockchain and digital assets space. The company select the most innovative projects in the space and offer them long-term support after their Initial DEX Offerings (IDOs).
Celo is the latest network added to Polkastarter IDOs, following Binance Smart Chain and Polygon. For the projects, it means more users will have access to their IDO. As for the users, they can now take part in IDOs without paying enormous gas fees, which is an issue, especially on Ethereum.
For IDO participants, fixed swaps cap token allocations at, typically, around a few hundred dollars. If gas costs are high on the day of the IDO, a participant can find themselves spending a considerable amount on gas, especially compared to their fixed swap maximum.
IDOs on the Celo network enable lower fees and more user access. This means projects will spend less on distributing tokens, and IDO participants will spend less in order to claim their tokens.
Overall, integrating Celo into Polkastarter’s IDOs will further improve liquidity and enrich community adoption of emerging protocols. By making the IDO process more economically accessible to participants, Celo and Polkastarter will accelerate their mutual, broader mission to provide more financial opportunities to everyone.