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Welcome to the Golden Tap
Blockchain networks allow for fast, secure, transfer, and creation of digital goods in addition to the storage and execution of tamper-proof programs that can manage digital assets. Once these programs are being deployed on-chain, they cannot be changed and are available to everyone with access to the chain, execute based on the defined parameters and interactions (transactions), and are verified by the blockchain’s consensus mechanism. These characteristics allow anonymous parties to enter into binding digital agreements, called smart contracts.
IFOSwap will be powered by the Binance Smart Chain (BSC) which is a rich and growing digital asset ecosystem powered by Binance DEX, the leading decentralized exchange.
Contain cheap transaction fees that reach as low as 1 cent and have High performance with a network capable of producing a block every 3 seconds.
- A supportive Binance ecosystem that funds and bootstraps many DeFi projects
- A growing ecosystem of millions of users across Binance.com and Binance DEX
- A network of major crypto projects already collaborating with BSC
- Contain cheap transaction fees that reach as low as 1 cent
- High performance with a network capable of producing a block every 3 seconds.
One of the biggest hurdles in the current BNB marketplace is a trusted entry to market. IFOSwap aims to build a platform that will allow both new projects coming to BSC and investors to benefit from its smooth and secure platform.
Since the inception of cryptocurrencies over 12 years ago, the ICO period has ushered in a new paradigm of crowdfunding. Gone are the slow and cumbersome days where VCs monopolize the investment market, keeping the small players at the gate. IFO’s are both different and similar to Initial Exchange Offerings (IEO) and Initial Coin Offerings (ICO). All three methods serve as a way to raise funds for cryptocurrency projects. These are typically carried out on an exchange, but sometimes project websites or other “pre-sale” methods are used. The ICO period revolutionized the way fundraising was done, cutting short the process of obtaining venture capitalists (VC). The initial system of obtaining VC’s was proven to be a prolonged process for blockchain-based projects.
In comes IEOs where exchanges just like Binance, stepped in to help projects raise funds safely and transparently.
Initial Farm Offerings (IFO) are a new type of token sale event popularized by Decentralized Exchange (DEX) platforms. Current IFO launches on DeFi platforms require LP raises that are usually paired as half BNB and half the native token of the platform. Traditionally 50% of funds raised on IFO goes directly to fund the new project while the other 50% will be burnt to inflate the native token of the platform. In return, Investors will receive tokens of the new IFO. Typically the DEX teams will thoroughly vet projects before hosting official IFO’s. While this vetting process is included, it does not ensure the token’s success or integrity,
Last modified 1yr ago