Seahorse Initiative by Solv Protocol

Published on: 29.06.2021

Solv Protocol introduced new Seahorse inItiative to buy & sell allocations.

As many of you who have followed our ascent are aware by now, they have designed and launched vNFT token standard specifically for the buying and selling of allocations in the form of “Vouchers.”

Projects can use these vouchers as a form of fundraising. By issuing allocations in the form of vouchers, projects are able to retain full control over the release schedule and mode, which helps stabilize the token price from secondary market crashes since the tokens will be locked up as allocations in the form of vouchers. This way, the value of the tokens will be represented as an NFT in the voucher without affecting the total market supply.

Ryan Chow, Co-Founder of Solv Protocol states: “We believe this will unlock an infinite amount of possibilities for projects, such as being able to raise public fundraising before the token launch. Early team members and investors can also use it to get liquidity in a pinch if needed, without disrupting the token price in a secondary market.”

When joining the Seahorse initiative, projects get access to the thousands of market participants already lined up on the Solv Platform, waiting to buy allocations in the form of vouchers. This will free up a significant amount of capital projects can then re-invest in marketing, development or growth!

The first vouchers are scheduled to go on sale in early July, 2021. Any project who is interested in joining the Seahorse Program and issue allocations in the form of vouchers can go to solv.finance and sign up on the whitelist!