RadRugs Partnership with XenonLabs
RadRugs, building a unique ecosystem to provide the Solana community with efficient and simple tools to assess the risk of NFT projects, announced a partnership with India’s first multichain NFT launchpad platform for brands, artists & innovators, XenonLabs.
XenonLabs’ partnership with RadRugs will accelerate the growth of NFT-based startups autonomously. While RadRugs will review and provide doxxing to the projects working with XenonLabs.
Introduction to RadRugs
In summary, RadRugs, an NFT project built on Solana, aims to contribute to creating a more safe and inclusive ecosystem for investors.
Moreover, RagRugs holders will be able to participate in the governance of the project via a
decentralized autonomous organization (DAO), where they will be able to exercise
voting rights on key decisions of the RadRugs ecosystem. Therefore, as members of the DAO, they can participate in the evaluation of the different projects that
submitted to the platform, vote on which projects to review, and develop the
compensation plan. Hence, determine which projects will be part of the compensation plan,
and decide on the indemnity that will be allocated to rug pull victims.
Furthermore, the RadRugs team consults with several members of the Solana community to determine the key criteria to evaluate in assessing the risk of project
launching. Briefly, these criteria are dynamic and will be subject to adjustment based
on feedback from the community and DAO members. RadRugs aims to make the Solana ecosystem safe while providing a collaborative and inclusive environment.
Xenon Labs make Ecosystem more Accessible, Secure & Easy to Use
To begin with, XenonLabs is a platform that accelerates the growth of NFT-based startups in a decentralized, safe and autonomous way. Hence, their goal is to make the ecosystem simple, safe, and much more accessible for everyone.
At Xenon Labs, their approach is very simple, to create a trustworthy ecosystem and to achieve that, each and every project is verified manually, and create a genuine score report on the basis of participating founders, their vision, mission, and the project roadmap.
About RadRugs
RadRugs is an NFT project built on Solana that aims to contribute to creating a more safe and inclusive ecosystem for investors. They will help users DYOR.
About XenonLabs
Xenon Labs is a platform that accelerates the growth of NFT-based startups in a decentralized, safe and autonomous way.
