New Partnership — PolyLaunchpad
Phoenix.io is pleased to announce its partnership with PolyLaunchpad.
Who are we?
Phoenix.io is a new age Crypto VC firm that brings multi-channel marketing expertise, community-building skills and consulting experience to the table. Phoenix commands a growing presence in the Arab world, and sustains partnerships with the biggest independent communities in the region.
Phoenix has on-board high engagement marketing partners who help in spreading the word about our partner projects. Across telegram, Twitter and Reddit, to cite a few.
In addition, Phoenix has its partners experts in the blockchain industry who assist with technical consulting and audits.
Phoenix has seen tremendous growth in the short time since its formation because of the network and satisfaction it has been able to bring for its partner projects.
About PolyLaunchpad
PolyLaunchpad is a premiere IDO platform that helps Polygon projects raise liquidity in a fair & decentralized way.
To give you a quick background, many projects developed Layer 2 solutions on the Ethereum blockchain with one of the primary agendas being the ease in scaling the Ethereum blockchain without being restricted by its limitations. Polygon (formerly Matic) is one of the fastest-growing and expanding L2 solutions of all these scaling solutions. Polygon has seen an exponential increase in its usage and userbase in the last couple of years. Every day we witness more and more projects trying to develop their projects on Polygon as it offers minimalistic fees and many other benefits compared to the L1 Ethereum. Statistics show that the Total Value Locked (TVL) might surpass that of the BSC Chain in the next few months.
What if the new projects being developed on Polygon were to find a partner that would help them generate funds, provide tactical support, and build their community? This is where PolyLaunchpad steps in. Not only does it provide a solid platform for these new Polygon based projects to launch, but it also ensures that they begin from a place of a healthy community.
While the launchpad market seems a bit saturated, we can not help but deliberate that one of the reasons for its decline is the peanut-sized guaranteed allocations to their members. PolyLaunchpad’s concept of a lottery system for allocation is an excellent way to try and address this concern. Guaranteed minor allowances or a lottery-based large allocation — The choice is tough, but this at least gives us a choice. We are pretty certain that with the tier system, most holders will be able to benefit — by not just lottery allocations, but by the increasing value of the POLX tokens themselves.
We say this because all the new projects being launched will have to acquire POLX tokens as one of the requirements. These tokens will then get burnt, reducing the overall supply.
So, reducing supply and the tier system leading to a need to get as many POLX tokens as possible, which get locked up and out of circulation, will lead to an increasing pressure on the supply of the project perpetually, proportionally affecting the token value positively.
How will we support PolyLaunchpad?
Phoenix aims to support the project by utilizing our network of marketing partners to create a healthy buzz for it. We are happy to do it as we believe in the potential of the project. Thus, we will spread the word with confidence, knowing that anyone who invests might have an excellent chance to reap benefits in the longer term.
We will also support the project in acquiring healthy partnerships with the various projects that Phoenix has partnered with in the past. This will provide PolyLaunchpad with the needed support in creating an ecosystem that will foster success.
We know that Crypto projects are full of risk, and all investments should be considered carefully. And that is why we are proud to have partnered with PolyLaunchpad, as we believe in the project’s long term success.
