Prism Launchpad
Prism Network's flagship service is the Prism Launchpad, a platform that provides projects with cost-efficient fundraising opportunities and investors with a secure investment platform for new, innovative projects.
For Investors
DeFi with its decentralisation and lowered barrier for entry didn't come without some initial risks.
Projects listing on DEXs in the beginning were prone to "rug pulls", where any community-invested funds and liquidity for a certain token could be withdrawn, leaving investors unable to do anything with their now useless tokens and nowhere to sell them.
Investing in projects on the Prism Launchpad ensures a secure, "rug-proof" environment for investors, safeguarding against scam projects and dishonest developers.
How It Works
All Prism Launchpad partners go through a vetting process, ensuring they have a business plan and infrastructure for their project before they are even considered for a launch.
Then, using pre-existing, audited templates or custom-built, audited smart contracts, a Liquidity Generation Event (LGE) is launched where investors can deposit funds for a stake of the starting liquidity pool tokens.
All details of the project and LGE (liquidity lock time, etc) are made public before launch to ensure investors make an informed decision when investing.
When the LGE finishes, rewards and LP tokens are dispersed amongst contributors and pre-staking for associated yield-farming pools is opened shortly afterward.
The entire process of a token launch, from the vetting phase to when yield-farming pool participants withdraw their rewards, occurs on the fully-audited and battle-tested Prism Network platform. The proven smart contracts mean there is no chance of a project taking control of the liquidity supply and leaving investors to hold the bag.
All of this means investors can rest assured that their investment funds are secure and that the integrity of the token launch can be counted on.
For Projects
Projects lacking in funding or development resources have Prism's solidity and smart contract expertise at their disposal, whether they are trying to bring a new concept to market or are looking for a low-cost way to supplement an existing ecosystem.
There are many benefits to launching with Prism:
Cost-Efficient
With pre-audited smart contract templates, liquidity generation events and token deployment costs are drastically reduced, allowing Prism to launch partner project tokens for virtually no out-of-pocket costs.
In return for providing a launchpad platform, a percentage of the project's token supply is allocated to the Prism treasury and yield-farming pools, giving projects an existing ecosystem and community to launch to.
Any custom features and smart contracts outside of launch and token deployment can be requested for an additional cost.
Existing Community Base
Up and coming projects don't have to worry so much about initial funding and exposure with Prism's existing community and ecosystem. As Prism grows, each additional project further adds to the community base subsequent projects are exposed to, giving new projects a vibrant starting community to build upon.
Launch Integrity
Prism's launch smart contracts are pre-audited and backed by successful launches. Launching with Prism helps instill confidence in investors and gives peace of mind to joining community members.
Low-Cost Auditing Services
Prism's partnership with CertiK makes it possible for projects to enjoy discounted auditing services when requesting custom smart contract work to be done in the Prism ecosystem.
Instant access to Prism Bridges
Projects launched using the Prism Launchpad have instant access to the Prism Bridges, a series of cross-chain bridges that allow users to seamlessly transact value and interact with ecosystems outside of their immediate blockchain network.
Choice in Parachains
Prism Network is the first launchpad service to offer partner projects a choice in which parachain solution they would like to launch on. In the future, Prism plans to extend its ecosystem beyond Ethereum parachains, to different blockchains altogether.
To start, partner projects will be able to choose between Binance Smart Chain, Polygon Network, TomoChain, and xDAI as their launch network.
Farming-as-a-service
For projects and communities that don't need a launchpad release, Prism also offers yield farming real estate.
If you're just looking for a place to host your yield farming pool, Prism will provide the setup in return for simply being able to apply our boosts onto the pool itself.
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