August 10, 2021 — Impossible Finance, a multi-chain DeFi incubator, launchpad and swap platform, announced the upcoming launch of the Initial DeFi Offering Launchpad, a core element of the Impossible Finance vision. The project is guided by the expertise of Calvin Chu, formerly of Binance Research. Calvin’s experience in leading Binance Staking across 30 blockchains and supporting Binance Launchpad through selection, incubation, pre-launch advisory, & post-launch support sets the tone for Impossible’s guidance in helping projects launch.
A distinguishing element of Impossible Finance’s Launchpad is the targeted smart launch, a fair allocation mechanism based on KYC, on-chain whitelisting and staking queues. This mechanism maximizes community engagement for new projects by accepting the most dedicated contributors.
Impossible Finance recognizes that DeFi can be complicated and made an easy-to-use UX/UI design a priority from the start. Drawing off their expertise from both crypto companies like Binance as well as traditional hi-tech to create an interface that brings DeFi benefits like fairer investing, cheaper trading and higher passive income to investors with the same user-friendly design that consumers are accustomed to from their favorite apps.
Impossible Finance will feature top-tier blockchain projects from a number of popular blockchains such as BSC, Ethereum, Polygon, Avalanche, Moonbeam, Solana and others. A system of automatic vesting for the projects is planned for release, inspired by Vitalik Buterin’s DAICO model, which aims to reward teams for successfully delivering on their promise according to a well-defined and automated process. The Impossible Launchpad will be governed by the Impossible community and the IDIA tokenholders, who will set its general development path and ensure the platform remains highly curated.
Scheduled for August 10, the launch of Impossible Launchpad comes together with the release of the IDIA token, the launchpad’s dedicated token used for staking and earning allocations within future token launches. Following the first IDO, the launchpad will include promising launches for startups working with NFTs, DEXs and more.
Impossible is excited to launch its IDIA token on its own Impossible Launchpad, and usher in the standard of ‘scales, not sales,’’ said Calvin Chu, Council Member and Core Buidler of Impossible Finance. “Launchpads should be about helping grow projects to gain product adoption, not just simply sales of tokens. The strength of the community is what makes DeFi so powerful, and we’re excited to embark on this journey with the launch of our own IDIA token and launchpad to our community.”
Impossible Finance believes the best way to make DeFi more accessible to a wider audience is to provide institutional-quality deal flow to the regular user. The team will provide assistance and expertise to help offer useful products to the market, while enlisting the Impossible community to guarantee a smooth launch and continuous success.