GloryDoge, the secure DeFi ecosystem, announced on October 24, 2021, that it had launched its creativity hub. Via the hub, users can share, invest, and develop innovative ideas. GloryDoge was designed as a blockchain platform where ideas can attract investors.
DeFi And Fundraising For Startups
There are numerous startup ideas in the world, thanks to the power of technology, there are limitless potential inventions. For example, DeFi is still quite young and its full potential has not yet been explored. However, most fundraising methods in use are not as reliable as they seem. Many ICOs and other investment vehicles have turned out to be scams seeking out inexperienced victims in the young crypto sector.
GloryDoge Solution
GloryDoge was designed as a platform to kickstart ideas and receive investments. There are various innovative tools within this DeFi ecosystem that users can utilize to attract funding. On GloryDoge, investors get a detailed overview of the project in which they plan to invest.
GloryDoe Launches GloryPad
The main feature of GloryDoge is the GloryPad platform. It is built as a Launchpad where inventors can attract investors. In general, it is a platform designed to attract innovators, developers, and those interested in investing in them.
One important thing that makes GloryPad stand out is the ability for innovators to create a set of tasks that have to be completed for a project to launch. Thus, investors do not have to fund an entire project. Instead, they can see an overview of tasks and estimated costs. They can then pick a task in which they wish to invest.
This new method improves the transparency and security of all fundraising on the platform. Besides helping to weed out scam projects, it will help to attract investors who wish to support ideas and see them grow task by task.
An early version of GloryPad will feature an activity pad, where users can learn about popular sales, activities, and much more. It will be designed to support all major blockchains such as Ethereum, Binance Smart Chain, and Avalanche.
Tokenomics Of The Platform
The platform is powered by GloryDoge Token. The token’s contract was built from the ground up to ensure that there was maximum trust for all parties involved. According to the terms of the contract, 4% from transaction processing fees goes to all holders, 2% goes to marketing efforts, and 4% goes to the team and developers. 50% of all revenue from GloryDoge DApp is distributed as BNB via staking and 10% is locked up as liquidity on PancakeSwap.
GLORYD Token Sale
The Private Sale for the tokens was already conducted and concluded. It is now in the presale phase, which is live on PinkSale. It will end on October 28, 2021. There are 245 Trillion GLORD tokens up for distribution. Tokens are being sold at a rate of 1BNB = 490 Billion GLORYD. The minimum purchase is 0.1 BNB and the maximum is 3 BNB.
After GloryPad launches, it will be the beginning of future launches of more DApps. For now, GloryPad will help innovators and investors get funding and find projects to fund respectively.
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