CeloLaunch AMA Session With BeInCrypto

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Hi Every­one. Wel­come to anoth­er BeIn­Cryp­to AMA Session.

Today we have Stephen (@Stephen_CLA) who is a com­mu­ni­ty man­ag­er of Celo­Launch, the first DeFi launch­pad on the Celo network. 

BeIn­Cryp­to (BIC): Com­mu­ni­ty, here is how things will work. I’ll have 10 ques­tions for him. After that, he will pick up 5 out of all the ques­tions you asked before the ses­sion. Good luck to you all!

(This AMA has been edit­ed for clarity.)

BIC: I would like to ask you some­thing gen­er­al to kick things off, so please pro­vide some feed­back on what the team had in mind by the time they decid­ed to cre­ate Celo­Launch, I mean, in terms of ideas, ref­er­ences, etc.

Stephen (STE): By the time we decide to make Celo Launch, we have rec­og­nized the poten­tial of Celo net­work in the future when many projects can apply it in their oper­a­tion. Fur­ther­more, the demand for invest­ment in the cryp­tocur­ren­cy field is get­ting larg­er with cap­i­tal­iza­tion that can be con­sid­ered to reach $15,6 bil­lion in 2025. That’s why we want to con­struct an autonomous launch­pad that pro­vides a con­stant­ly expand­ing set of decen­tral­ized ser­vices by offer­ing rev­o­lu­tion­ary, flex­i­ble tech­nol­o­gy to add val­ue to the DeFi indus­try as a whole.

BIC: You call your­selves ‘The First DeFi Launch­pad on CELO Net­work’. Could you please short­ly describe the main rea­son why you select­ed this network?

STE: Accord­ing to the mar­ket research, we found out that there are no launch­pads oper­at­ing on Celo, while the demand for the launch­pad on this net­work is quite huge. Since as you know Celo net­work has some advan­ta­geous pros­per­i­ties and in the near future, the demand for new projects to have a launch­pad for this net­work will explode. That’s why we will be there and be the ones to help thriv­ing start-up projects with DEFI characteristics.

BIC: I see. We can note there are some killer fea­tures on Celo­Launch like an IDO plat­form, as well as a new approach in terms of liq­uid­i­ty lock­ers and token vest­ing. Would you mind talk­ing a lit­tle bit more about each one of them? 

STE: For us, we have 6 fea­tures in total and all are the high­light func­tions of Celo­Launch. IDO plat­form will be the high spot when it can help projects to fundraise for their pri­vate round. Our sys­tem lets you start your own prod­uct on CELO Net­work as a token devel­op­er. We are also seek­ing a vari­ety of third-par­ty review­ers who can eval­u­ate var­i­ous parts of your prod­uct. Uti­liz­ing our tech­nol­o­gy as an incu­ba­tor to launch your own incu­bat­ed ideas on Celo­Launch. Investors are wel­come to look over the most recent ini­tia­tives, care­ful­ly read reports from out­side sources, and con­duct their own due dili­gence before engag­ing in any type of participation.

Liq­uid­i­ty lock­ers and token vest­ing are both the prof­it-poten­tial fea­tures that can return back the investor a high-inter­est rate. Celo­Launch Team is glad to say that we pio­neered this notion in which we pro­vide auto­mat­ic liq­uid­i­ty lock­ers for project devel­op­ers to employ as a secu­ri­ty fea­ture to lock their liq­uid­i­ty provider tokens. Mean­while, Vest­ing Fea­ture is avail­able to project own­ers and ear­ly adopters as a stand-alone ser­vice that con­nects with our in-house plat­form, where wal­lets hold­ing tokens are shown in a dif­fer­ent UI allow­ing investors to review it more quickly.

BIC: Thanks! Also, what does Celo­Launch offer when it comes to Farm­ing, Stak­ing, and AMM?

STE: For Farm­ing, any cryp­tocur­ren­cy or token must estab­lish mar­ket depth and stim­u­late liq­uid­i­ty. The farm­ing fea­ture pro­vides project devel­op­ers a method to reward their com­mu­ni­ty by set­ting up a farm­ing vault that pays liq­uid­i­ty providers with their own tokens. Fol­low­ing that, investors can use Celo­Launch to search for star­tups that inter­est them and give liq­uid­i­ty to those pairs.

About stak­ing, Celo­Launch pro­vides a ser­vice for sus­tain­able projects that are always seek­ing ways to reward their com­mu­ni­ties, such as gen­er­at­ing stak­ing con­tracts that encour­age investors to take advan­tage of the ben­e­fits pro­vid­ed by their favorite startups.

Last­ly, Celo­Launch pro­vides a ser­vice for sus­tain­able projects that are always seek­ing ways to reward their com­mu­ni­ties, such as gen­er­at­ing stak­ing con­tracts that encour­age investors to take advan­tage of the ben­e­fits pro­vid­ed by their favorite startups.

BIC: Part­ner­ships are an essen­tial part of the whole strat­e­gy for any project. Can you please name some of the lat­est part­ner­ships you guys made? What about the impor­tance of them and what do you expect to get from them aim­ing for CeloLaunch’s growth?

STE: We have col­lab­o­rat­ed with Cer­tik for audit and there will be more giant part­ners that will col­lab­o­rate with Celo­Launch as our roadmap stat­ed.  To have the col­lab­o­ra­tion, we need to go through 3 to 4 rounds for safe­ty issues and dis­cus­sion then we will con­sid­er one more time final­ly for col­lab­o­rat­ing deci­sions – which must rely on “Cre­dence” at most bases. For that, all the part­ners col­lab­o­rat­ing with us can be seen as famous, well-reput­ed, and trust­wor­thy for investors to invest in. So please stay tuned since we always want to deliv­er the best val­ue to our com­mu­ni­ty and be trans­par­ent to the cryp­tocur­ren­cy field in sup­port of long-term sus­tain­able growth.

BIC: Cool. It’s time to intro­duce your native token to our com­mu­ni­ty! What do you have to say about $cLA in terms of toke­nomics and how does it fit with­in your ecosystem?

STE: About our token, its name is celo­Launch (sym­bol: cLA)

Chain: Celo Network

Con­tract Address

Coin­Mar­ket­Cap

For $cLA, It is impor­tant to keep in mind that CELOLAUNCH toke­nomics are built with the idea of cre­at­ing long-term val­ue. Great things take time to devel­op prop­er­ly, and long-term com­mit­ment from the team is required for suc­cess. For toke­nomics, you can refer to our web­site at “Doc­u­ments” since we have designed an appro­pri­ate toke­nomics to sta­bi­lize the liq­uid­i­ty and bol­ster up the ecosystem

BIC: Sev­er­al projects cur­rent­ly use some strate­gies to max­i­mize the num­ber of hold­ers. What are some of the ben­e­fits for those ones who hold your tokens?

STE: For our token, “High liq­uid­i­ty – Valu­able – Real inter­est” would dif­fer­en­ti­ate our tokens among sev­er­al oth­er projects out there. With Celo­Launch, if you own Celo­Launch tokens ($cLA), you will have the oppor­tu­ni­ty to par­tic­i­pate in any projects on Celo­Launch, with the pos­si­bil­i­ty of one of them being a “uni­corn business.”

BIC: Are you plan­ning your Token Pub­lic Launch any­time soon? What’s the cur­rent sta­tus? I bet some of our mem­bers are curi­ous about how to pur­chase them right now.

STE: We are plan­ning for this and please do sub­scribe and fol­low our social media chan­nels for fre­quent and time­ly updates. It will trig­ger your pleas­ant­ness, I promise. Mean­while, Celo­Launch is on Pri­vate Sale Round and will hold an air­drop cam­paign for the com­mu­ni­ty in the next few days. Fol­low us to stay up to date with the lat­est news and stand a chance to own a free cLA. There are var­i­ous inter­est­ing things com­ing. Stay tuned and keep your eyes out!

BIC: Great! What do enthusiasts/investors can expect when it comes to future plans aka roadmap? What do you have in mind for Celo­Launch in the next few weeks or months?

STE: Celo­Launch has pre­pared thor­ough and clear plans accord­ing to each stage of the project’s devel­op­ment as the roadmap noti­fied. We are also try­ing our best untir­ing­ly to imple­ment the future plans. But first, in the near time we will focus on improv­ing our tech­no­log­i­cal aspect of mar­ket­ing and boost up activ­i­ties to coop­er­ate for the launch of the project com­bined with many clear com­mu­ni­ca­tion strate­gies in coop­er­a­tion with part­ners, VCs, KOLs, press media (Bloomberg, Yahoo, …), AMA, build com­mu­ni­ty, air­drop, etc. 

We are moti­vat­ed by a strong desire to help oth­ers and we’re look­ing for­ward to the pos­i­tive behav­ior from our com­mu­ni­ty that sets us apart. We believe com­mu­ni­ty is the key part of this new econ­o­my — what we call “com­mu­ni­ty-based econ­o­my” so we indeed put a lot of effort not only to keep our com­mu­ni­ty informed about our progress but also to allow active participation.

BIC: Awe­some, that’s it. I’m quite sure we’ve cov­ered all the main top­ics today. Could you please share all the links to your Social Media chan­nels so that our com­mu­ni­ty can get to know Celo­Launch a lit­tle better? 

STE: Yes, thanks for your inter­est. You can fol­low us on:

Web­site | Twit­ter | Chat | News | Docs | Blog | Medi­um | Pitch Deck | GitHub | Con­tract | Coin­Mar­ket­Cap |

Cer­tiK Audit.

Com­mu­ni­ty (COM): The secu­ri­ty of a project plays a vital role so what are your safe­ty mea­sures adopt­ed from hack­ing and bugs? Have you per­formed an Audit?

STE: Ini­tial­ly, we are aware that secu­ri­ty is always the top pri­or­i­ty for all projects and espe­cial­ly for the launch­pad like us. Thus, at the begin­ning time of doing the project, we had con­tact­ed Cer­tik to have an audit walk­through and the results had come out which you can check via this link.

We hope that this answer can enhance the trust of you guys in the Celo­Launch project. The devel­op­ment team promis­es to always try to do every­thing to make the plat­form be trans­par­ent, pri­vate, and reliable.

BIC: Where are your tokens list­ed? Have you com­plet­ed list­ings in Coingecko and CMC?

STE: Celo­Launch token (cLA) is list­ed on Coin­Mar­ket­Cap.

After our Pri­vate and Pub­lic Sale, cLa will be list­ed on our DEX for trading.

Mar­ket­ing strat­e­gy is very impor­tant. What are your mar­ket­ing and pro­mo­tion plans?

STE: Celo­Launch has pre­pared thor­ough and clear mar­ket­ing plans accord­ing to each stage of the project’s development.

We are also try­ing our best to imple­ment mar­ket­ing activ­i­ties to coop­er­ate for the launch of the project com­bined with many clear com­mu­ni­ca­tion strate­gies. For exam­ple, coop­er­a­tion with part­ners, VCs, KOLs, press media (Bloomberg, Yahoo, …), AMA, build­ing com­mu­ni­ty, air­drop, etc.

We believe com­mu­ni­ty is the key part of this new econ­o­my — what we call “com­mu­ni­ty-based econ­o­my” so we indeed put a lot of effort not only to keep our com­mu­ni­ty informed about our progress but also to allow active participation.

It is a very inter­est­ing project. How can you help me if I want to invest in your project?

STE: Celo­Launch Pri­vate Sale Round is open­ing with more than 2500 reg­is­tra­tions – which made us impressed. The pri­vate allo­ca­tion was reg­u­lat­ed from Min­i­mum – $15,000 to Max­i­mum- $200,000.

In a pri­vate sale, Celo­Launch was cur­rent­ly focus­ing efforts not only on devel­op­ment but also on iden­ti­fy­ing and coop­er­at­ing with more part­ners. You can refer to our telegram group to check the pri­vate round: 

Can you sum up the project and list some of the best key fea­tures you imple­ment­ed and devel­oped in your project?

STE: Our ecosys­tem is diver­si­fied, I will sum­ma­rize briefly that there are 6 func­tions.
1. Auto­mat­ed Mar­ket Mak­er:
Auto­mat­ed Mar­ket Mak­er (AMM) is one of the most impor­tant parts of the DeFi ecosys­tem allow­ing dig­i­tal assets to be trad­ed in an auto­mat­ic way with­out per­mis­sion by using liq­uid­i­ty pools rather than a tra­di­tion­al mar­ket of buy­ers and sell­ers. Users can trade Celo Launch or any oth­er tokens run­ning in Celo Net­work on CLaunch­Swap via our own router.

2. Launch­pad:

Our sys­tem lets you start your own prod­uct on Celo Net­work as a token devel­op­er. We are also seek­ing a vari­ety of third-par­ty review­ers who can eval­u­ate var­i­ous parts of your prod­uct. Uti­liz­ing our tech­nol­o­gy as an incu­ba­tor to launch your own incu­bat­ed ideas on Celo­Launch. Investors are wel­come to look over the most recent ini­tia­tives, care­ful­ly read reports from out­side sources, and con­duct their own due dili­gence before engag­ing in any type of participation.

3. Liq­uid­i­ty Lockers:

In the DeFi area, “lock­ing liq­uid­i­ty” has become the norm and “rug pull” is the most feared term that no investors would like to encounter. Celo­Launch Team is glad to say that we pio­neered this notion in which we pro­vide auto­mat­ic liq­uid­i­ty lock­ers for project devel­op­ers to employ as a secu­ri­ty fea­ture to lock their liq­uid­i­ty provider tokens.

4. Vest­ing:

Vest­ing Fea­ture is avail­able to project own­ers and ear­ly adopters as a stand-alone ser­vice that con­nects with our in-house plat­form, where wal­lets hold­ing tokens are shown in a dif­fer­ent UI allow­ing investors to review it more quickly.

5. Farm­ing:

Any cryp­tocur­ren­cy or token must estab­lish mar­ket depth and stim­u­late liq­uid­i­ty. The farm­ing fea­ture pro­vides project devel­op­ers a method to reward their com­mu­ni­ty by set­ting up a farm­ing vault that pays liq­uid­i­ty providers with their own tokens. Fol­low­ing that, investors can use Celo­Launch to search for star­tups that inter­est them and give liq­uid­i­ty to those pairs.

6. Stak­ing:

Celo­Launch pro­vides a ser­vice for sus­tain­able projects that are always seek­ing ways to reward their com­mu­ni­ties, such as gen­er­at­ing stak­ing con­tracts that encour­age investors to take advan­tage of the ben­e­fits pro­vid­ed by their favorite startups.

Disclaimer


All the infor­ma­tion con­tained on our web­site is pub­lished in good faith and for gen­er­al infor­ma­tion pur­pos­es only. Any action the read­er takes upon the infor­ma­tion found on our web­site is strict­ly at their own risk.



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