Impossible Finance Makes Headstart With OpenSwap for DeFi Launchpad
August 18, 2021 — OpenSwap becomes the pristine addition to a feature on the recently developed launchpad of esteemed multi-chain DeFi incubator Impossible Finance. With this novel project added to its launchpad, Impossible Finance has heralded on a potentially cosmic DeFi ecospace.
OpenSwap is set to become a liquidity haven for the entire trading community, embarking on the initial Launchpad by Impossible Finance. As a novel entrant, OpenSwap emerges on the DeFi Hub as an enormously promising asset on the Launchpad of Impossible Finance. The nuptial between the two platforms declared recently is poised to be the center stage of DeFi, with OpenSwap seizing the limelight as an interchain catalyst.
As a multi-chain incubator, launchpad, and swap platform, Impossible Finance is the marvel foundation. DeFi enthusiasts, Hackfanatics, and Finance devotees. Committed to the community cause of building a staunch product-first ecosystem, Impossible Finance promises to create opportunities for premium blockchain projects seeking to establish a vast user base.
Commenting on the innovative foray, Impossible Finance Council Member and Core Builder Calvin Chu,
OpenSwap is a godsend for DeFi traders, enabling them to access the best pricing and multiple liquidity aggregation functionalities that are at the cutting edge of the industry. We’re thrilled to back the ultra-talented OpenSwap team and to showcase what they have to offer via our multi-chain launchpad.
It may be noted that IJS Technologies, as an OAX Foundation Grantee, has been nodal to support the sustenance of OpenSwap, where it stands tall today. Another great news that brings surprise in store for the entire trading segment is the launch of the IDIA token simultaneously. IDIA has been a cynosure of many investors as the platform’s dedicated token, allowing them the advantages of staking and earning allocations.
As known to many, the staking of IDO has showcased a lucrative potential, with committed staked capital reaching a whopping $1 million in barely a few minutes of opening and breaking an all-time record high of $5.3 million. This followed an oversubscription of the event offering by 22x and surpassing 2,400 users who already cleared their KYC authentication process.
It may be brought to the attention of all known to the digital asset sector that Impossible Finance conceptualized this launch sourcing its motivation from Vitalik Buterin’s DAICO design. With the paradigm objective of reinforcing the project teams through this launchpad, Impossible makes the dream of creating a sustainable creation for its audience possible. This includes a plethora of functionalities, be it expanding an investor network, an ever-increasing base of incubators, hackathons, and other builder networks, or simplifying and accelerating the fair authentication and transparent verification process through KYC, on-chain whitelisting, and staking queues.
OpenSwap has been conceptualized with the sole goal of endowing customers with all crucial gears- be it making a well-informed swap chain decision or adaptation to zero slippage. In terms of community funding, OpenSwap has generated for its momentum a massive $1 million from a strategic funding round that has the backing of premier venture capital firms of eminent names like Coin98 Ventures, NGC Ventures, BR Capital, Prime Block, to name a few.
A Sneak Peek into Corporate Tree of Impossible Finance brings to limelight Calvin Chu from Binance Research, who is known to have worked wonders with his advisory acumen for Binance Launchpad and many other well-known projects like Polygon (Matic), Elrond, Axie Infinity, and Harmony.