DfiStarter: Accelerator that will Supercharge your Startup

IDO Platforms are essential to the existence of any blockchain ecosystem. They provide the necessary infrastructure for developers and startups to easily and quickly raise funds from the community and, in turn, build tools that support the ecosystem's ecology.

Initial DEX Offering (IDO) is a new fundraising model that offers better liquidity of crypto assets, faster, open, and fair trading. An IDO model is the successor of fundraising models such as ICO, STO, and IEO.

Without a quality IDO launchpad, it’s harder for developers to create dApps. It is also harder for community members to take advantage of the features provided by the blockchain itself.

So What is DfiStarter?

DfiStarter is a DFINITY-based launchpad for token pools and auctions. As the first project accelerator for the DFINITY ecosystem, DfiStarter provides premier projects built on a next-gen blockchain platform with crowdfunding, marketing, AMM (Automatic Market Maker), public relations, and tech support services.

By providing premier DFINITY projects with all the tools they need to have a successful launch and prosperous lifecycle, DfiStarter creates the perfect environment for lucrative and secure crowdfunding opportunities within the blockchain ecosystem.

Learn more about Dfistarter and its IDO Launchpad.

DfiStarter uses a Dual token system

DfiStarter will run a dual token model that will allow for separation between platform governance functions ($DFI) and project funding allocations ($DFA):

· $DFI is the heart of the Dfistart project. It's the voice of the community, and it allows it to be heard. The token holders can vote on proposals for both the community and project infrastructure.

· $DFA gives you access to Allocation Pools. Once you have already earned your $DFA by staking the governance token, you can participate in the Initial Decentralized Offerings (IDOs) hosted on Dfistarter.

There is also a unique feature that sets them even further apart from other launchpads. That is their Booster Program, developed as a unique offering of the DfiStarter IDO Launchpad. Designed as a tradable Non-Fungible Token (NFT), the Boosters multiply the subscribed allocation amounts.

If you happen to buy a 2x booster and apply it to your favorite project, you will be able to receive twice as many tokens as you would without the said booster.

For more information, see the dual token system and the detailed tokenomics.

Roadmap of DfiStarter

Below, you can review the roadmap with which DfiStarter will bring this ambitious project to life:

For more information, see the detailed roadmap.

DfiStarter Launchpad Tools and Services

Technology Support Services

DfiStarter provides technical support for projects developing on the Internet Computer by generating smart contracts for tokens, deploying contracts for token staking mechanisms, supporting liquidity, and offering easy-to-use code that rewards liquidity providers, among others.

DfiStarter DEX (DDEX)

DfiStarter Decentralized Exchange (DDEX) is an on-chain trading platform that enables several benefits for projects launching their IDO on it, such as:

Fast and secure trading services for all Internet Computer assets.
Lower barriers to entry, exempting users from account creation or KYC (Know Your Customer).
Make trading volume transparent and verifiable.
Disrupt and substitute traditional market makers with the DDEX AMM (Automated Market Maker).

For more information, please visit the following article.

Oracle Integration

One of the tools DfiStarter offers is an Oracle Integration, which provides projects with all the off-chain data they need to run their DeFi (decentralized finance), NFT, or gaming dApps.

An oracle is a system that is used to feed external data into the blockchain in order to trigger the execution of smart contracts. It is like a "bridge" between the blockchain world and the external world.

For instance, in the case of drought insurance, it could be: "If it rains less than 10mm during June, the farmer will receive a $50 compensation from the insurance company". In this case, the oracle must inform the smart contract what the rainfall was during the period in question.

Learn more about DfiStarter's Oracle integration in the following post.

Money Market Services

Dfitarter also has a Loan Platform (DLP), which supports all DFINITY assets (D-Assets), enabling traders to access various credit options. Liquidity providers (LP) shares from DDEX or other DEX in the Internet Computer ecosystem can also be used as collateral to unlock unused LP tokens improving capital efficiency. Asset trading on DDEX can also be used as collateral for lending and borrowing, improving the overall liquidity.

Conclusion

DfiStarter chose the Internet Computer as its ecosystem due to its unlimited scalability, top-notch performance, and superior governance. These factors provide the perfect environment for smart contracts to run smoothly and to scale, avoiding the common issues found on legacy smart contract blockchains like Ethereum.

The DfiStarter Launchpad will offer regular token sales with a two-tiered token lottery system that prohibits unfair tactics from whale investors, full KYC integration, governance voting, and permissionless listing, allowing for a compliant yet permissionless ecosystem.

Furthermore, it empowers projects to quickly and cheaply raise capital and provides them with a tailored set of tools and the technology services they require for their long-term success, setting itself apart from other accelerators in the IDO space.

DfiStarter is sure to be the beginning of Defi on the Internet Computer and will help to supercharge your startup!

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