Pollen DeFi, a decentralized autonomous organization (DAO) launches its presale and achieves the most successful launchpool with over $8.4 million staked by investors. This marks the first time in history where individuals fund an entity for no financial gain and without any legal ramifications other than their own meritocracy-based reputation score on this blockchain platform that rewards talent as opposed to age or background.
A new decentralized funding platform called LaunchPool is launching a presale offering unlimited staking power. The company has already raised over $8 million in its public sale, which concludes on December 11th.
The “blockchain whispers longs vs shorts” is a poll that was created by the “Pollen DeFi becomes the most oversubscribed Launchpool presale with over $8.4 million staked |. The poll asks which side of the market you are on: long or short?
Pollen DeFi stated that more than a third (35.3%) of total $LPOOL supply (worth $8.4 million) was staked to divide the $750,000 Pollen ($PLN) allocation, the platform’s most oversubscribed raise.
Last week, Pollen DeFi, a decentralized asset management platform, was voted the top Launchpool project, with over 3.3 million $LPOOL invested by early investors. That’s more than a third of the platform’s utility token ($LPOOLentire )’s supply. $REALM held the Launchpool record with 2.2 million $LPOOL staked, and has subsequently gone on to attain a 25x premium from the presale price.
The Pollen DeFi token sale launched on November 8, with 1.5 million Pollen ($PLN) governance tokens available for $0.50 each. The project has yet to announce any more token sales.
“The Pollen DeFi protocol is for anybody interested in becoming a member of a community-managed asset portfolio.” Portfolio builders and inventors make up the Launchpool community. We thought that the two groups might find some common ground. That was shown by the record-breaking Pollen ($PLN) pre-sale on Launchpool. In a statement, Pollen DeFi Project Lead and Co-Founder Philip Verrien said, “We are seeing both groups develop as the greater crypto world wakes up to the promise of next-generation DeFi 2.0 protocols like Pollen.”
Pollen DeFi’s governance architecture and voting power delegation are meant to dynamically rebalance asset pools depending on market opportunities and circumstances, recalibrating and optimizing asset pools. If hidden market possibilities exist, the portfolio will seek them out and exploit them. With matched interests and purposes, the DAO operates on behalf of the token holder.
Launchpool, on the other hand, uses communities, information, experience, relationships, and funding to help crypto ventures get off to the best possible start, increasing their chances of success in this fast-paced and dynamic industry.
Pollen DeFi’s Launchpool presale is the most oversubscribed in history, with an 11-1 ratio that sets new records.
Because of their common ‘portfolio-first’ philosophy, Pollen DeFi chose Launchpool as their pre-sale launch partner to ensure that its community’s ‘hive-mind’ and investors in the Launchpool community may be the first token holders to seed the ecosystem.
The decision looks to have paid off, as the launch is expected to generate upwards of 2,500 $PLN holding wallets. Over 3.3 million $LPOOL tokens worth $8.4 million were staked, dividing the $750,000 amount of Pollen ($PLN) tokens available. That’s an 11-to-1 oversubscription ratio, which is a new high for Launchpool.
The platform has historically had successful launches, with metaverse Project Realm.art obtaining 20x returns against Launchpool pricing and DeFi protocol Unizen reaching 233x returns.
Pollen DeFi ($PLN) is in strong company, with past platform launches generating significant multiple returns. (Image courtesy of Launchpool, 11.11.21)
A worldwide music NFT project supported by a world-renowned producer set the previous record for an un-launched project with 2.75 million $LPOOL staked (29 percent of $LPOOL token supply to Pollen DeFi’s 35 percent) (LISTEN). Launchpool’s VC, Alphabit Fund, is also an early-stage investment in Pollen DeFi and Listen.
Richard Simpson, co-founder and CEO of Launchpool, said:
“We realized they had a solid idea and a strong team from the first time we looked through the Pollen DeFi project. Pollen DeFi’s platform brings community-managed asset portfolios to the market at a time when DeFi is seeing a renaissance, therefore they have the right offering at the right moment. We expected the Launchpool community to rally around a good project, so we’re not shocked to find them at the top of the leaderboard, as the most popular launch on the platform thus yet.”
The Pollen DeFi community is booming.
Pollen DeFi has kept a low profile in order to concentrate on the development of its product. The community has developed significantly since the Launchpool fundraise, with its Twitter following increasing by 40% and Telegram users increasing by 20% in only one week. After the presale, 3,000 additional wallets will contain $PLN tokens, giving the Pollen DeFi ecosystem more depth and strength.
Those that put their $LPOOL tokens into the Pollen DeFi allocation mining pools on launchpool.xyz may now pay for their allocation before the deadline on Wednesday the 17th. Those interested in participating in future fundraising can join the project’s Twitter or Telegram communities.
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The “blockchain whispers price” is a decentralized application that allows users to send and receive encrypted messages. It’s the most oversubscribed Launchpool presale with over $8.4 million staked.
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