Through its decentralized marketplace, Waggle allows everyday investors to buy into projects they trust in and see huge potential via the trading of locked tokens at a discount price.
In a space where raising funds and unlocking liquidity is a big task, Waggle comes as a respite
There are a number of fundraising options available for crypto startups who are dry of finances. More than a decade back during the crypto boom, initial coin offerings (ICOs) were popular as they gave the investors an opportunity to own a stake in a project by grabbing a major piece of their native token. However, the good times didn't last long as the markets went down steeply with projects failing to deliver what they promised. That was the thing of the past as now new token offering models have come in force, namely IDOs (initial DEX offerings), which is a form of decentralized crowdfunding conducted on third-party launchpad platforms which provides near-instant access to liquidity and trading, making it all the more a popular choice for crypto startups who are in deed of launching their projects along with receiving funds.
However, even if an IDO does well and there are no setbacks, startups can run into financial trouble due to their own strict vesting schedules. With an IDO complete, and ventures expected to meet investor expectations, lock-up periods can act as spoilsport, ruining the entire proceedings. This is where Waggle Network comes into the picture as a multichain marketplace open to all retail investors, which has been designed to help crypto projects unlock liquidity from post-IDO tokens. Through its decentralized marketplace, Waggle allows everyday investors to buy into projects they trust in and see huge potential via the trading of locked tokens at a discount price.
Waggle is backed by investors like GBV, Genesis Block Capital, and Spark Digital, as they truly believe in its potential which brings back life to startups and investors. Waggle works with the best IDO launchpads, conducting due diligence on all projects, assessing the feasibility of their roadmaps, scrutinizing their tokenomics, and running the rule over their partnerships. Built on Binance Smart Chain, ERC20 and Solana, it plans to expand to layer 1 chains such as HECO, Harmony, Enjin, and Avalanche.
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