Red Kite to Support Conducting IDO for NFT Games and DeFi Projects on Polygon Network
Red Kite launchpad will now support Polygon and projects developed on this network. New IDOs of Polygon-based projects are coming to Red Kite very shortly.
At Red Kite, approach from day one is to be a cutting-edge launchpad with distinctive features, including multi-chain support. Alongside Ethereum and Binance Smart Chain, Red Kite’s next major milestone is becoming compatible with Polygon, one of the fastest-growing networks available in the blockchain world.
This upgrade will allow the Red Kite team to bring many potential IDO projects developed on the Polygon Network to our user community. In addition, Red Kite users can also participate in IDOs with lower gas fees, which could pave the way for more accessible and enhanced token offerings.
Red Kite has received a development grant from Polygon. Thereby, Red Kite will develop features compatible with Polygon Network, and commits to conducting frictionless token offerings for qualified Polygon projects.
Red Kite provides customized distribution tools that enable projects to vest their tokens in pre- or post-sale offerings. Additionally, Red Kite offers convenient features for IDO participants, including a one-hour refund policy, pre-order service, and a reputation system. As a result, Red Kite will help empower the adoption and growth hack of the next generation dApps built on Polygon.
Red Kite will organize the first IDO on the Polygon network this August to kick off this partnership. Stay tuned on their channel for the official announcement.
About Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, ~350M txns, and ~13.5M+ unique users.
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About Red Kite
Red Kite is a cutting-edge launchpad powered by PolkaFoundry as a part of the growing $PKF ecosystem. Red Kite projects are carefully chosen through vetting, which takes everything from the origins of the project teams to legitimacy and implementation capacities into account. These projects are also supported by a network of our high-class marketing partners, leading influencers, and interactive communities.
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