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Dutch Style Multi-Chain Token Launch Auction Now Available on Metaverse Starter, Powered by Bunicorn

Published 08/08/2022, 08:54 AM
Updated 08/08/2022, 06:00 AM
Dutch Style Multi-Chain Token Launch Auction Now Available on Metaverse Starter, Powered by Bunicorn

Metaverse Starter is a one-stop solution for holistic blockchain finance. It has recently launched a novel offer that allows the public to take part in new project launches in a style very similar to Dutch Auctions.

Metaverse Starter’s new feature integrates into its commitment to provide quality services. A multi-chain platform that connects Ethereum, BNB Chain, Polygon, Solana and Avalanche, the doors to an all-encompassing DeFi ecosystem have just blown apart.

But What is a Token Launch Auction?

While this may sound good as the individual and institutional investors will rush to buy cheaper, giving a boost to the token sales and helping projects secure larger funds, ultimately it creates a disparity as later on investors will balk at buying the tokens for a steeper price. This can lead to a strain on token sales during the last stretches. Lower sales at the end also have a larger chance of the project not meeting its expected sales cap, ultimately putting pressure on the project to start development with less than expected funds or simply return the funding amount if the project never takes off.

Token Launch Auction: Better For All

This type of Dutch auction has several benefits, such as:

  • No unfair advantage to large-scale buyers (no private sales, no VCs).
  • Reducing entry barriers (no staking required for IDO tickets).
  • Allowing all participants to buy the token at a price they think is fair and worth their money.
  • Discourages bots as they would end up buying at a higher price.
  • Eliminates FOMO, allowing investors to decide on what is best for them.
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The Bunicorn Backing

With the experience of the Bunicorn team, Metaverse Starter is a platform that offers multi-chain opportunities for projects and backers alike. Each project is meticulously checked to make sure it attains high standards of quality, feasibility, and long-term outlook. At the same time, users of the platform are exposed to quality projects that reduce their risks. The multi-chain service, where it allows users from different networks to join the token launches, also exposes the projects to a higher number of investors, creating a win-win situation for all.

As the market is gradually recovering, the platform is preparing resources to resume its partners’ IDOs and INOs in the upcoming months. Previously, Metaverse Starter hosted several sold-out Token and NFT Offerings for Monsterra, Wasted Lands, Elpis Battle, and many more.

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