Scaleswap announces important details about the much-anticipated SCA IDO and whitelist
According to Scaleswap’s Medium page, the project has announced important details in the upcoming Scaleswap IDO.
For your information, Scaleswap is a fully decentralized IDO launchpad leveraging layer 2 scaling technology powered by Polygon.
The important details about the much-anticipated Scaleswap IDO
Previously, Scaleswap successfully raised $2.5 million in the capital after the first pitch and which was led by some of the most prominent funds in the blockchain space. And now, the project is about to launch IDO on layer-2 (Polygon) on 25th June 2021.
The project stated:
“The Scaleswap team is grateful for all the support and enthusiasm from the community. We’ve assembled a group of people that is incredibly passionate about creating a more sustainable and community-centric IDO launchpad model. And it’s become clear to us that you, the greater DeFi community, are just as excited and eager to see that vision come to life.”
To participate in the Scaleswap IDO, the user will be required to complete the whitelist registration and accompanying tasks.
Previously, Scaleswap announced a $2.5 million fundraise with participation from Ascensive Assets, Spark Digital, Pluto Digital Assets, A195, Magnus Capital, Rarestone Capital, AU21, Momentum 6, X21 Digital, INBlockchain, and other leading blockchain funds. The most recent rounds include $250,000 raised in seed funding and a heavily oversubscribed private round of $2,250,000.
Scaleswap has garnered recent attention for developing what will be the first layer 2 IDO launchpad focused on providing users with low fees, convenience, and flexibility in their preferences towards potential projects to participate in.
Recent IDO launches have been challenged by high transaction fees, causing the average ticket of participation to sometimes be lower than the fees themselves. Scaleswap solves this while providing a fair model that rewards users the chance to participate in IDOs based on their involvement and engagement.
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