ColdStack x Solv Partnership
ColdStack has officially adopted Solv Protocol’s vouchers to manage its $30 million allocations.
Solv provides ColdStack with a low-cost and flexible way to manage its allocations and unlock liquidity for its investors. $30 million in CLS Token has been minted into CLS Vesting Vouchers and distributed to their investors on the Solv platform.
🔹Why did ColdStack choose Solv?
- Eliminate SAFT protocol and contract development costs
Through our Solv Marketplace, the ColdStack team was able to simply mint their CLS Token as Vesting Vouchers on the Solv platform and set a release plan, automating the unlocking process. The release and withdrawal of tokens will be completely automatic based on voucher smart contracts, thus ColdStack will not incur any smart contract development or maintenance costs.
2. Liquify the locked-up allocations for investors
The CLS Vesting Voucher is an NFT that supports splitting, merging, and partial transfers, allowing investors to list orders on the Solv Marketplace or other NFT marketplaces when needed.
3. Relieve the pressure and friction of the secondary market
CLS Vesting Vouchers representing allocations can be freely transferred on chain. Vouchers represent the right to claim future tokens rather than spot tokens, thus fostering a closer connection between Coldstack and it’s long-term believers, effectively alleviating the pressure of the secondary market upon expiration.
ColdStack Founder and CEO, Alexander Shishow: “As a decentralized storage network (DSN) aggregator, one of ColdStack’s specialties is finding the most cost-efficient storage of NFTs, as well as the easy minting of NFTs out of any file users store with us. With the many unique use-cases of NFTs, we are very excited to work with the Solv team and use their Financial NFT system.”
About ColdStack
ColdStack is a unified protocol that allows for the aggregation of Decentralized Storage Networks (DSNs) such as Filecoin, Sia, and Arweave. ColdStack enables the easy use of these platforms without significant integration efforts, regardless of an individual’s familiarity with DSNs. ColdStack supplies its users with the easiest and most cost-effective way to access storage space from any decentralized cloud.
About Solv
Solv Protocol is the decentralized platform for creating, managing, and trading Financial NFTs. As our first Financial NFT product, Vesting Vouchers are fractionalized NFTs representing lock-up vesting tokens, thus releasing their liquidity and enabling financial scenarios such as fundraising, community building, and token liquidity management for crypto projects.
📰 INFO
