FantomStarter closes its oversubscribed and private rounds to announce the public launch


FantomStarter is set to become the first launch pad for the Fantom network after the successful start-up / private fundraiser and launch of its app on testnet. Strong demand for seeds and private rounds from FantomStarter indicates that this launch pad could send token holders to the moon.

New York, NY, September 29, 2021 (GLOBE NEWSWIRE) – Competition among Layer One blockchain platforms becomes increasingly fierce as the popularity of decentralized finance and non-fungible tokens (NFTs) require migration away from the high costs of the Ethereum network to more user-friendly protocols like Fantom which offer lower transaction costs and faster processing times.

As the communities of these networks grow, the need for specialized protocols to manage different parts of ecosystem development, such as Oracle services, decentralized exchanges, and project launch pads, opens up many opportunities for enter the ground floor of the next rising star.

FantomStarter is just one of those projects in the Fantom ecosystem that has captured the attention of savvy investors and turned heads in the blockchain community after successfully completing its seed and private funding rounds and launching the tesnet for its decentralized investment application in less than two weeks.

As the first cross-channel launch pad on the Fantom network, FantomStarter will play a crucial role in pitching new projects to the community and helping them raise the funds needed to see their white papers come to fruition and create tools and tools. useful apps for the Fantom ecosystem.

The cryptocurrency ecosystem as a whole is also expected to benefit from project launches on FantomStarter, as the network’s Ethereum Virtual Machine (EVM) compatibility means that projects that use the Launchpad will be able to migrate between chains to any other compatible network such as than Binance Smart Chain. or Polygon.

After raising a total of $ 532,000 through its seed and private fundraising which brought the company an overall valuation of $ 3.6 million, the FantomStarter team is now preparing for its public launch. with the full roll-out of its social media channels and Ambassador program designed to help meet the global demand for FantomStarter application.

The main goal of the protocol is to disrupt and democratize the way blockchain and traditional startups have historically raised funds by allowing retail investors to access the process of launching a new project and receive allocations of tokens that have generally gone to hedge funds and business. capitalists.

The demand for such access was manifested by the fact that the cycle of FantomStarter has been oversubscribed by more than a factor of 50 despite the volatility seen in the cryptocurrency market in recent months and there is no shortage of strategic partnership opportunities for business development that the team has identified for its future expansion.

FantomStarter is now poised to become the hub of development and a new project is launched on the Fantom blockchain, a protocol that is quickly becoming one of the best layer one networks in the cryptocurrency ecosystem thanks to its unique design that allows for low or no cost. transactions and theoretically infinite scalability.

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Media contacts:
Alex Strafalogea


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