DeFiDrop is a young, but highly necessary DeFi project that offers a launchpad and an incubator.
The project has a number of features that make it unique to use and profitable to support.
It allows users to earn passive income through staking, and it does everything in its power to ensure security.
DeFiDrop is a DeFi-oriented launchpad and incubator for other DeFi projects allowing them to participate in safe, fair, and secure token launches.
The DeFi sector continues to grow and expand as new projects constantly emerge to offer new services, or improve upon the existing ones. The sector has already grown enough to establish itself and become one of the most popular areas of the crypto industry.
With that said, new projects still require an easy way to launch their tokens and start their business, which can be difficult for a variety of reasons. The DeFi sector is noisy and busy, and many of these projects — despite having a great idea and massive potential — still don’t have voices strong enough to cut through the noise and attract investors.
Others have gone to different launchpad platforms to roll out their tokens, but since these launchpads are not DeFi-specific, their influence might not be sufficient to give these projects a proper head start.
This is why DeFiDrop was created. This is a specialized launchpad and incubator for DeFi, whose launchpad is specialized for decentralized finance projects. The platform offers some unique features that give it an edge against its centralized peers, and these features and benefits are what we are focusing on today.
What features does DeFiDrop offer?
As mentioned, DeFiDrop is specifically made for launching DeFi tokens and projects, and it has captured the attention of the DeFi sector even before its launch. It can offer cross-chain IDOs (Initial DEX Offerings), which are the DeFi equivalents of IEOs. Essentially, the project emits tokens on different chains, allowing users to swap them on AMMs, or via the use of the project’s own atomic swaps multi-chain contracts.
This implies that atomic swaps and cross-chain token listings are quite possible to do, and more than that — they are very easy.
Not only that, but those who own the project’s DROPS coins can stake them, and participate in LP staking programs. Doing so, naturally, brings them rewards, so stakers can get a full taste of DeFi by receiving passive income without exposing their coins to risk. Even more than that, staking DROPS coins also allows stakers governance for IDOs, meaning that they get to vote on important decisions within the ecosystem, and the more tokens they have staked, the more weight that their vote carries. DROPS holders and stakers also have a tiered model for private and public sale allocations.
Lastly, the project organizes token buybacks and token burns, which work to reduce the supply of the tokens in circulation, thus increasing their value. As for the buybacks, they happen periodically, and the tokens get burned using IDO/incubator fees, so there is no need for the project to set aside other sources of income to conduct these processes.
All of these features are used together to ensure a fair and trustless launch for everyone. At the same time, the project is very much focusing on its own community, and it is fully community-funded. It was inspired by numerous unfair and unsecured launches that its developers had an opportunity to witness, and they don’t want to see it happen again.