Sheesha Finance Project Partner: SolanaPrime
SolanaPrime aims to become the most capital efficient primary market ecosystem by creating the first Solana VC DAO, pad & liquid allocations marketplace.
What Does That All Mean?
Simply put, SolanaPrime is a launchpad dApp that is going to supercharge the Solanaverse. SolanaPrime is the Solana-powered token and NFT based, fully decentralized IDO launchpad that aims to fulfil a wide range of web3 use cases on a global scale.
Capital market efficiency along with deflationary tokenomics sits at the core of the launchpad which was built by veterans in the industry.
As if being a next-generation launchpad for high-potential projects launching on Solana is not enough. SolanaPrime combines a unique insurance fund to protect investors and ensure maximal capital efficiency.
The platform will be more than just a launchpad as well, thanks to the $SPIX pool put together by the team. The community will be able to gain exposure to a less risky portfolio index that contains a basket of all the tokens that have IDO’d on SolanaPrime.
A Few Words From Our CEO
“The Solana ecosystem is growing quickly and there are a lot of very exciting projects launching on the network. SolanaPrime has created the first Solana-powered IDO launchpad of its kind and we are very proud to be working with their team of industry experts, contributing to the growth and health of the entire Solana network.” — Sheesha Finance CEO, Saeed Al Darmaki
Current launchpads are failing to innovate which is one of the things that has driven the SolanaPrime team to create an IDO launchpad that truly benefits the projects who are launching on Solana.
SolanaPrime has identified 5 major drawbacks to current launchpads that they aim to overcome. Those drawbacks are:
- Idle Tier Capital: Most launchpads suffer from a lack of secondary markets for pre-money allocations. The only way for investors to make a high return on capital intensive tiers is to partake in every IDO and hope for significant capital appreciation during the liquidity event.
- Launchpad Niches: While a large ecosystem already exists on Ethereum, many investors want a launchpad that is interoperable with many different chains so that they can access each market and are not restricted to one chain.
- Poor Tier Economics: Most launchpads follow the same formula for tiers, not trying to solve the problem of predatory tier structures that are not capital efficient.
- Lack of Financial Instrument Innovation: Conventional launchpads are prone to extreme volatility from the underlying assets. Instead of innovating with creative financial instruments to reduce volatility, many launchpads only offer flat price swaps and use trivial price discovery mechanisms.
- Fallacies of Centralized Governance: The only way to disrupt the traditional markets is to empower the community and democratize the pre-money funding pipeline. SolanaPrime has found the solution to democratize pre-money funding without destroying the incentives.
SolanaPrime places an emphasis on science and innovation to overcome these shortfalls that exist in the current launchpad industry. They have created a highly efficient and effective launchpad that features so much more, contributing to not only the Solana network but the entire crypto industry.
Why Stake with Sheesha?
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