Eclipse Fi poised to introduce a new era for defi token launches
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The Cosmos ecosystem has been gaining popularity recently, partly due to the community’s decision to reduce the inflation rate cap from 20% to 10%. Additionally, the adoption of DYDX, Celestia, and Kuji has contributed to its growth. The ecosystem has also benefited from the native issuance of USD Coin (USDC) through Noble and CCTP, which are built on a Cosmos SDK chain.
One project that stands to benefit from the rising interest in Cosmos is Eclipse Fi. It is a multi-chain token launch protocol that aims to improve the reputation of a genre known for unfair allocations and pump-and-dump schemes. Eclipse Fi is striving to become the leading launch platform for the Cosmos ecosystem and emerging EVM layer-2s. Fortunately, it has features in place to address the shortcomings of the industry.
The platform has strong connections with Astroport, a decentralized exchange based on Cosmos, and is supported by a network of venture capitals (VCs) and key opinion leaders (KOLs). These factors increase the likelihood of Eclipse Fi becoming the go-to token launchpad for Cosmos projects.
Eclipse Fi’s main goal is to restore trust in token launches. It aims to align long-term users with viable projects, rather than catering to traders who exploit the system and dump tokens on unsuspecting investors. By utilizing smart accounts and a cross-chain architecture, the platform ensures a seamless and intuitive user experience, similar to that of web2 applications.
The crypto industry has long suffered from questionable token launch practices, leaving active community members feeling undervalued. Many launchpads support projects with weak fundamentals and cynical tokenomics, leading to disillusionment among the community and damaging the industry’s reputation. Eclipse Fi intends to change this by implementing several innovative features.
Firstly, it offers anonymous know-your-customer (KYC) and privacy-preserving anti-money laundering (AML) measures, ensuring user anonymity and security during the onboarding process. This is achieved through the implementation of Zk-proof tech, allowing users who are against KYC to participate in token launches.
The platform’s smart accounts provide a seamless transition from web2 apps to blockchain-based applications. The process is as easy as conducting an ecommerce transaction in the current web2 environment.
Eclipse Fi’s versatile token launch toolkit supports various launch modes to cater to community interests and projects. These include initial DEX offerings (IDOs), lockdrops, liquidity bootstrapping pools (LBPs), decentralized autonomous initial coin offerings (DAICO), and auctions. This allows projects to customize their launches while aligning with their communities.
The on- and off-chain reputation system enables community members to secure token allocations or increase their chances of receiving tokens based on their contributions. This fosters a more engaged and motivated community.
Comprehensive due diligence is conducted to ensure that only projects with strong fundamentals make it to the launch stage.
The platform also offers cross-chain functionality, allowing users to participate in launches without switching networks. This makes the platform accessible to a wider audience, especially novice users who may find the onboarding process challenging in other token launches.
Eclipse Fi is preparing to launch its native ECLIP token and its first project, Stabble, a cross-chain decentralized finance (defi) hub, is set to debut in early 2024. Alongside these ventures, Eclipse Fi is moving towards a decentralized autonomous organization (DAO) structure and community governance, emphasizing its commitment to decentralization and community-led decision-making.
Eclipse Fi aims to set a new standard for token launches by prioritizing user experience, fairness, transparency, and community engagement. The platform is dedicated to supporting the launch of meaningful web3 projects, fostering a healthier and more sustainable defi ecosystem.
If this new model of token launches leads to a decrease in retail investors being taken advantage of, Eclipse Fi could become a major player in the competitive web3 launchpad landscape.
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