Sphere IDO partnership with Mantle

New Cryptocurrency, Crypto Startups, IDO, IFO

Published on: 18.05.2023

Sphere have announce an IDO partnership with Mantle, a high-performance Ethereum layer-2 network with modular design, low fees & high security.

Overview

It is not often you are able to bring two exciting brands together that not just complement each other, but add genuine value to the space. Partnering with Mantle will do just that.

So what is Mantle network? Unless you have been living on a desert Island for the last year, we are sure you know about Mantle already. They are a high-performance Ethereum layer-2 network built with a modular architecture and pioneering a vision for a more collaborative decentralized economy to showcase the potential of tokenized governance.

Builders can leverage Mantle’s bespoke design to build dApps with exceptional UX. This is all while relying on Ethereum’s unrivaled security while offering high performance at low fees.

Mantle is currently in the testnet phase and has already seen a staggering level of uptake.

7.3mn+ total transactions
673k+ wallet address

Two massive stats (source: link) show why Mantle is set to be a leading L2.

What will this partnership look like?

High-potential projects on Mantle will gain access to our launchpad services including end-to-end IDO delivery. This includes not only full vesting capability and our bespoke airdrop portal but also access to our awesome community of over 300,000 active members.

That is not all…

We know first-hand the cost of setting up and launching a project, we have seen it many times with projects we have supported in the past. We don’t want the fees associated with doing an IDO to hold back great projects. We want to ensure projects on Mantle can launch and reach their potential, whilst protecting their runway.

As part of their commitment to this partnership, they will be covering all costs associated with doing an IDO on their platform for Mantle projects, this includes full KYC for projects and IDO participants. They will not be passing these costs on and we have put in place a zero-fee structure for capital raises under $100,000.

They want to ensure projects on Mantle can grow their community, raise funds in a fair and decentralized manner and not have to worry about the costs of doing this.

Seeing great projects succeed is what we are all about and with Mantle, we will make this happen.

“We are thrilled to partner with Mantle to extend access to our launchpad services to the Mantle ecosystem who are looking for IDO services,” Alex Mitchell, CEO of Sphere quoted. “Sphere has a proven track record of success in helping projects raise capital and grow their communities. We believe that this partnership will be a valuable asset to the Mantle ecosystem and will help them achieve their goals.”
“Mantle truly redefines ecosystem building as builders and teams can expect a unique full-stack approach to growing their projects,” Arjun Kalsy, head of ecosystem at Mantle, shared. “From offering unrivaled technical and business support to the acceleration of the project and designing their go-to-market strategy, Mantle has been and continues to build a collaborative ecosystem where different projects can tap into an extensive repository of resources, knowledge and support provided by established partners.”

About Mantle

Mantle is a high-performance Ethereum layer-2 network built with modular architecture delivering high security at low fees. Builders can leverage Mantle’s unique design to build dApps with exceptional UX, all while relying on Ethereum’s unrivaled security.

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