Solaunch Strategic Alliance with Penguin
Solaunch, the first IDO platform with contagious marketing built on Solana, has formed a strategic alliance with Penguin Finance, A Liquidity-as-a-Service Platform, to boost the growth of the community and liquidity for emerging protocol.
About their Partnership
Solaunch is delighted to announce its strategic alliance with Penguin Finance. Through this partnership, they will be helping projects embarking on their maiden voyage with the joint forces of their platforms.
Indeed, Solaunch is the first contagious launchpad for DeFi, art, and games, and it is available on multiple blockchains. Moreover, It aims to help new projects to have a smooth start in the crypto realm, and establishing a partnership with Penguin can complete its jigsaw puzzle that better serves protocols in the ecosystem.
Furthermore, Solaunch has won first place in the community voting for the Solana Riptide hackathon in East Asia! It’s also climbing the Asian Avalanche Hackathon community leaderboard. They are thrilled to be working on such an ambitious project!
In the near future, Solaunch will launch its own native token, SLH. The SLH will include several utilities, such as staking for incentives, IDO whitelisting, voting for new projects, DAO governance, and minting exclusive NFTs, among others.
Alliance Benefits
Their alliance offers start-up protocols a one-stop solution from marketing to crowdfunding to liquidity management. Protocols will be able to enjoy Solaunch’s contagious marketing to gather early users, and then accumulate essential funding through its IDO platform. What comes next will be accruing infrastructural protocol-owned liquidity with Penguin’s bonding/staking services and growing a strong community via co-marketing.
As a result of its collaborative efforts, they will provide the budding protocol with a buzz community along with protocol-owned liquidity from long-term supporters.
About Solaunch
Solaunch is a decentralized crowdfunding platform for fundraising across all major crypto networks. Solaunch aims to provide fair and safe investment opportunities for the blockchain industry.
About Penguin Finance
Penguin is a Liquidity-as-a-Service Platform that offers a one-stop solution for treasury management such as swap, bonding, and staking.
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