Harmony Launcher - IDO and IGO Platform
Supporting projects from building to launch on the Harmony Blockchain
This last few years has seen investors are pouring in huge money on cryptocurrency startups, signaling a growing confidence in what is still largely critiqued as a tricky and volatile industry. By November of last year alone saw 21.3 billion dollars of venture capital funds invested in new cryptocurrency projects—more than a six-fold increase from 2020 despite the year’s huge market swings.¹
But with such a booming hype naturally comes its own problems. The huge influx of up-and-coming crypto projects has created unfair allocations of funds as most venture capital firms lean towards private seed investors instead of the general token community—conditions which are readily taken advantage of by whales. Likewise, the lack of launch support also leaves many of these projects high and dry after their IDOs, resulting in poor token performance, or worse—rug pulls—despite these projects having legitimately sound ideas in their whitepapers.
In response to this, Harmony Launcher is embarking on its own launch platform which is promising full end-to-end assistance for startups on the Harmony blockchain—the first of its kind to offer not just a decentralized incubator and launchpad for IDOs, but for IGOs (Initial Game Offerings) as well, complete with its own integrated AMM DEX.
Harmony Launcher’s Solution
The whole of the blockchain industry depends upon a dynamic market where new ideas are constantly coming. Without a robust community of startups, the whole idea of decentralization doesn’t really hold water. As such, Harmony Launcher recognizes this need to provide foundational and continuing support in a convenient and hassle-free package.
Specifically, developers wishing to launch on Harmony can avail of expert assistance when it comes to reviewing the project design and development, marketing, operations, creative direction, all the way up to tokenomics. In turn, investors looking for a project to fund can go over Harmony Launcher’s vetted partners without having to worry about assessing the risks or scrutinizing a project’s feasibility for themselves.
Though these services are also offered elsewhere in other launch platforms, Harmony Lancher’s IDO + IGO Launchpad takes it a step further with the introduction of allocation tiers, guaranteeing that developers are given ample opportunities to build and raise funds and to eliminate unfair allocation methodologies among investors.²
The Harmony Incubator meanwhile is a feature designed to guide and accelerate a project through its stages of development. Projects are given support even after the IDO or IGO, giving them a better foothold on the market and increasing their survival rate.
And the integrated AMM DEX or automated market maker (for decentralized exchanges) provides a liquidity protocol for lower fees and slippages when swapping tokens across the DeFi space.
Other features and benefits with the Harmony Launcher (HARL) include:
HARL Assurance — startup funds are secured by escrow and custodian contracts and are released incrementally upon satisfactorily meeting objectives. In this way, developers are incentivized to keep to project schedules and roadmaps while investors are assured that their allocated funds are managed efficiently.
HARL KYC (Know-Your-Customer) System — investors and fundraisers undergo a thorough background check to ensure that all transactions are legitimate and to protect against fraud and scam projects.
HARL Insurance — with the AMM DEX, users can also earn passive income through farming, staking and providing liquidity, with an insurance protocol to protect from impermanent loss due to market volatility
Hassle-free Launches — projects are kept in a friendly and convenient environment with an easy-to-use app interface.
Why launch on the Harmony Blockchain
From the perspective of scalability, Harmony is the anti-Ethereum. Simply put, what Ethereum overlooked from the beginning was how its expanding network would result in congestion and would eventually drive the gas fees way out of proportion, which is exactly the biggest drawback for Ethereum users. Harmony took this into consideration in its development, opting instead for a proof-of-stake protocol (PoS) instead of Ethereum’s proof-of-work (PoW), thereby making it fully scalable and exponentially more energy efficient and cheaper.³
Furthermore, Harmony’s sharding mechanism is secure and “adaptive-thresholded”—which means that joining the network as a node is easier as the threshold of stakes is adjusted based on the volume of total staking, or in other words, even small stakers won’t find difficulty in finding a network threshold low enough for them to participate in and reap profit from. Something which is practically impossible now with the likes of big blockchains like Ethereum.³
Harmony is also designed to be interoperable with other blockchains seamlessly, aiming to provide for open, affordable and permissionless commerce in the cryptosphere. It now has bridges running with Bitcoin, Ethereum, Binance Smart Chain and Terra.
Harmony Launcher will be using its native utility HARL token for staking and for allocation reservations. As of writing, the specific mechanics for its use with the platform's tier system have yet to be disclosed, though the token’s total supply is set at two billion (2,000,000,000) and are allocated as follows⁴:
Token Sale (25%) — 500,000,000
Liquidity (3%) — 60,000,000
Staking (18%) — 360,000,000
Reserve (10%) — 200,000,000
Marketing (15%) — 300,000,000
Advisors (5%) — 100,000,000
Team (15%) — 300,000,000
As one of the lowest market cap EVM (Ethereum Virtual Machine) compatible blockchains, prospects are nonetheless high as more and more projects are getting on board, with Harmony recently unveiling a $300 million ecosystem fund for supporting startups.⁵ This should bode well for Harmony Launcher and HARL and potentially push Harmony up the crypto-ladder in the same league with recent achievers like Solana and Polygon.
¹Investors Are Piling Into Crypto Startups—Just Not in China https://www.bloomberg.com/news/articles/2021-12-01/crypto-startups-get-record-funding-but-not-in-china
²Harmony Opens the Throttle on Layer 1 with $300M Fund for Myriad Projects
³Harmony Technical Whitepaper
⁴Harmony Launcher [HARL]⁵
⁵Harmony Launcher! World’s First Decentralized IGO+IDO Launchpad & Incubator with Integrated AMM DEX, Built Over the Harmony Blockchain!