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Fundraising Launchpad CoreStarter Concludes Its Private Sale Round and Raises $1.32M

UTC by Andy Watson · 3 min read
Fundraising Launchpad CoreStarter Concludes Its Private Sale Round and Raises $1.32M
Photo: CoreStarter

CoreStarter states that part of the funds raised will be used to develop the NFT marketplace.

Multi-chain and decentralized fundraising platform with high APY staking solution, CoreStarter, has concluded its much-anticipated seed and private sale round. The private sale round saw a number of the industry’s leading investors and partners participate in the event. Among these companies that participated in the fundraiser include; SL2 Capital, Insignius Capital, AU21, and R8 Capital. Other investors include; BTW Foundation, Oracles Investment Group, DCI Capital, Infinity Gainz, NGC Ventures, Neo|Matrix Ventures, Down Under Capital, Halvings Capital, Infinity Capital, Limbo, and TokenSuite.

According to the official sources, the private sale round generated close to $1.32 million. The amount will prove pivotal to CoreStarter’s cause, which is to expand operations and integrate more features tailored to solve the needs of users.

Funds will Drive CoreStarter’s Innovative Plan to Eliminate Interoperability Issues

Indeed, the lack of interoperability between blockchains remains one of the most significant issues of the blockchain industry till date. This has made raising liquidity for DeFi projects more complicated because various chains only support their native tokens. Because of this, users are incapable of moving and swapping their digital assets from one chain to another. Fragmentation of liquidity becomes the order of the day.

One of CoreStarter’s missions is to bridge this gap between chains and allow investors to move their assets across chains. CoreStarter, which is built on Solana, supports chains, such as Ethereum, Binance Smart Chain, Huobi, Polygon, etc. The interoperable structure of CoreStarter now enables these potential investors to move their assets from the above blockchains to Solana, and then to CoreStarter.

The project’s trustless and decentralized model reduces fragmentation of liquidity, thereby facilitating the provision of liquidity for DeFi projects.

High APY for Large Staking No Longer Valid

Outperforming from the benchmark has always been the driving factor for CoreStarter. Typical launchpads are structured to always favor large stakers, leaving small investors at the disadvantage. CoreStarter has developed a model that creates a fair earning opportunity for everyone, regardless of their stakes.

Unlike conventional platforms that benefit large stakers, CoreStarter’s reverse algorithm allows small investors to earn hugely from their stakes. According to the team, small investors with long-term holdings are even better positioned as they will have the same opportunities as large short term stakers. Giving power to small stakers is a unique approach of CoreStarter, and this feature distinguishes them from other launchpads.

Launch of the NFT Marketplace

Driving innovation in the blockchain space has been the core ideology of CoreStarter. As a result, the cross-chain fundraising platform integrated the NFT marketplace. The marketplace will allow the buying and selling of NFT items seamlessly and the trading of tokens for real money without worrying about high fees.

Although still at its infancy, CoreStarter’s team of developers has assured users that the NFT marketplace will launch on mainnet in Q1 of 2022. CoreStarter states that part of the funds raised will be used to develop the NFT marketplace.

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Andy Watson
Author Andy Watson

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