Polygen and Kommunitas for Fundraising Collaborations
Polygen has announced its new partnership with another decentralized launchpad, Kommunitas!
Much like Polygen, Kommunitas is one of the fastest growing launchpads in the crypto industry and has been featured several times on various media outlets organically. Kommunitas has connections to a number of local cryptocurrency communities and influencers, as well as a number of blockchain businesses, which may undoubtedly aid Polygen in the development of the platform and in fundraising.
They’ll be conducting events and details on the raise will be shared soon so stay tuned on all their socials so you don’t miss anything!
Kommunitas and its features
Kommunitas is an incubator, decentralized venture capital, and tier-less launchpad. They are the solution for multi-chain oriented projects, meaning they serve projects from various blockchains such as Polygon, BSC, Ethereum, Avalanche, Solana, and OEC.
They launched the first Initial KOMmunity Offering, a tierless, decentralized IDO, and Social Engagement Burning that was unprecedented in the cryptocurrency market. A true game-changer in the sector, they launched the Kommunistas Incubator Fund, a $2 million fund, to foster original and innovative ideas in the blockchain sector.
“We are still in a very early stage of crypto and blockchain adoption. No kingdom is built in a night or weeks. Give 3–5 more years and we shall see people owning a decentralized wallet / Web 3 wallet like they own an email today.”
– Robby Jeo, CEO
As of May 2022, Kommunistas has added new features in the Kom Launchpad.
1. The Priority Projects badge has been updated. To learn more, click here.
2. All KOM stakers now need to “Vote” to participate in Booster 1. This means that you need to stake at least 3,000 KOM for Public Sale. If you forget to stake, you can only participate in Booster 2 (if there are unsold tokens from Booster 1).
3. Community Round. This NEW round is intended for Non-KOM Stakers or those who learned about the sale after the Last Staking Period had ended.
4. The price will be the same across the 4 rounds. But the FCFS round and Community Round will have a 5% and 10% Non-Refundable Fee respectively.
5. Booster 1, 2, and FCFS rounds will still last for 4 hours each while Community Round will be closed only when either the hard cap is reached or 24 hours before the listing/TGE.
6. Previously, if your wallet is whitelisted, you will only see whitelist allocation (your KOM Staking will not be calculated). But now, the allocation will be added. ie: if you have a $100 allocation from your KOM stake and you win another $20 from the Whitelist Giveaway, you will be able to participate with $120 instead of only $20.
7. After the sale, if a refund occurs (let’s say the price falls below the sale price for 3 consecutive days before 50%of the token is vested), you will be able to claim your funds directly from the Launchpad (Minus the Non-Refundable Fee if you participated in FCFS or Community Round).
8. No changes for Private Sale, but only 500,000 KOM stakers and those who voted can participate in Booster 1. After Booster 1, there will be FCFS round where all 500,000 KOM stakers will be able to participate (with a 5% Non-Refundable Fee)
Kommunitas Links
About Polygen
Polygen is a decentralized, permissionless launchpad natively built for Polygon. Guided by crypto’s ethos of decentralization. Furthermore, Polygen enables projects to experiment and innovate free from the obstruction of gatekeepers. And also anyone can launch any project with no fees. Its goal is to set a new benchmark where projects are valued by their productivity, innovation, and success rate.
SOURCE: MEDIUM
