The continued innovation of these protocols is a given and most recently, Platypus Finance made waves with their pooled liquidity and inventive tokenomics. It is yet another milestone and victory for Avalanche as well as cryptocurrencies on the whole which are still oft labeled as “experimental” at best, and pejoratively, as “vaporware.” Clearly, the blockchain is transcending its detractors, and, as decentralized finance attract more new users, the onboarding process must become far more intuitive and safe.
The robust financial services and primitives once lorded over by centralized bankers are now available to early entrants into the cryptosphere but bonafide adoption remains the end game. The initiatives to normalize crypto that are genuinely attractive to the proverbial “nocoiner” remain few, as the path is unwieldy, costly and fraught with risk — both perceived and real. The route to DeFi is all but inaccessible to most. Here to do their part to facilitate adoption and bridge the path to DeFi is DeFiato, and Avalaunch is proud to announce them as their next IDO.
Overview
“DeFiato is the next-generation centralized platform for DeFi staking, yield farming and financial services. Our founding mission is to remove technical barriers and give mainstream users the same ability that experienced, large crypto players have to support their favorite blockchain projects, while earning rewards at the same time.”
The problem to be solved here is readily apparent — there is friction and fragmentation when it comes to onboarding new users to DeFi and, once aboard, there is confusion. Consider:
- On-chain farming/staking/trading presents technical barriers
- Off-chain farming/staking/trading has issues with liquidity
- Lack of User Support
- Fiat access restriction for crypto
- Lack of central multi-chain support for given crypto assets
- Lack of institutional-grade custodians
“It is a real surprise to find a project like DeFiato. We believe that it will bridge the gap between CeFi and DeFi, and become a pioneer in this space” — Kris Li, Founder, RedlineDAO
Closing Thoughts
DeFiato, to a degree, has hidden in plain view. There has been considerable development to date and their open-beta testing attracted more than 80,000 users along with 15,000+ KYC’d. To offer institutional grade security with an easy onramp and farming for individual users is nothing short of a coup. Avalaunch has worked with the team for some time and appreciated the thoughtfulness of their process. They have contemplated every move and their long-term emission schedule is a strong signal that they believe their best days lie ahead and are in this for the long-term.
”Avalaunch is the absolute best gateway into the Avalanche ecosystem and community. Defiato is honored to work with the extremely supportive Avalaunch team on our path to global adoption.” Jeremy Khoo, Chief Investment Officer, DeFiato.
Funding Numbers:
- Total Supply: 250,000,000 DFIAT
- Seed: 25M DFIAT at .04: 1,000,000M
- Private: 30M DFIAT at .06 USD: 1,800,000 USD
- Public: 20M DFIAT at .08 USD: 1,600,000 USD
- Hard Cap: 4.4M USD
Supply Breakdown
- Total Supply: 250,000,000 DFIAT
- Liquidity Mining & Incentives: 112,500,000 DFIAT (45%)
- Private: 30,000,000 DFIAT(12%)
- Seed: 25,000,000 DFIAT (10%)
- Public: 20,000,000 DFIAT (8%)
- Treasury: 25,000,000 DFIAT (10%)
- Team: 37,500,000 DFIAT (15%)
Vesting Following TGE:
- Liquidity Mining & Incentives: 10-year emission with lockup — 10% at TGE for market making, 0.35% every month thereafter.
- Private: 10% at TGE, 6-month cliff, 3.6% vesting in month 7 onward every month.
- Seed: 10% at TGE, 6-month cliff, 3.6% vesting in month 7 onward every month.
- Public: 20% at TGE, 3-month cliff, monthly vesting for 9 months.
- Treasury: 12-month cliff, 8.33% monthly for 12 months.
- Team: 24 month-cliff, 8.33% monthly for 12 months.
Other:
- Initial Circulating Supply: 9,550,000 DFIAT (excluding liquidity tokens)
- Initial Market Cap: 764,000 USD (excluding liquidity tokens)
- Initial Liquidity: 500,000 DFIAT from Liquidity Mining & Incentives
The DeFiato IDO on Avalaunch
- 12.5M DFIAT at .08 USD — $1,000,000 USD (Total Supply: 250M DFIAT)
- Sale Size: $1,000,000 USD
Registration Schedule:
Registration Opens: February 9th at 3:00 p.m. (UTC)
Registration Closes: February 12th at 6:00 a.m. (UTC)
Sale Schedule:
Validator Round Begins: February 14th at 6:00 a.m. (UTC)
Validator Round Closes: February 14th at 3:00 p.m. (UTC)
Staking Round Begins: February 14th at 3:30 p.m. (UTC)
Staking Round Closes: February 15th at 6:00 a.m. (UTC)
IDO Recap
- Total DFIAT for sale: 12.5M
- Price: $.08
- Size: $1,000,000
- Vesting — 20% at TGE, 3-month cliff, monthly vesting for 9 months
About Avalaunch
Avalaunch is a launchpad powered by the Avalanche platform, allowing new and innovative projects to seamlessly prepare for launch with an emphasis on fair and broad distribution. With its values deeply rooted in the early Avalanche community, they are able to offer projects confident, informed users who are aligned with the long-term goals of the rapidly expanding application ecosystem.
📰 INFO
https://medium.com/avalaunch/defiato-x-avalaunch-ido-announcement-9c574ecc2807
