Next Generation Decentralized Launchpad Platform Joins Forces with Moonbeam and Moonriver
Singapore – August 19, 2021 – Moonbeam, the Ethereum-compatible smart contract platform on Polkadot, announced an integration with Impossible Finance, a multi-chain incubator, launchpad, and token swap platform which offers next-generation decentralized financing to Web3 projects. This integration provides developers with a decentralized platform to natively launch and sustain their projects in the Moonbeam and Polkadot ecosystems.
The Impossible Finance platform innovates on existing launchpad experiences by focusing on decentralization, curation, and fairness to end-user participants. Since Impossible has prioritized expanding to Kusama and Polkadot due to its strong grassroots developer activity, working with Moonbeam was a natural fit. Moonbeam’s full Ethereum compatibility allowed Impossible to leverage its existing MetaMask and Solidity-based implementation for the expansion. New teams and developers will now be able to use the Impossible platform for raising funds, getting incubation support, and getting liquidity for their project tokens.
“The Impossible team is a strong believer in the ice-cream truck model — instead of making users come to them, project teams should go to the neighborhoods and chains that users reside on. We are excited about the prospects of being able to be one of the go-to launchpads within the Polkadot ecosystem thanks to the EVM compatibility of Moonbeam and look forward to supporting the future projects that conduct launchpads within the Moonbeam ecosystem,” says Calvin Chu, Core Builder at Impossible Finance.
“Raising funds via traditional methods continues to be a major source of friction for many Web3 teams,” says Derek Yoo, Founder of the Moonbeam project. “The Impossible platform offers novel launchpad functionality, integral swap, and long-term sustainability options. Providing this as a decentralized protocol is an extremely attractive option for Web3-native teams. We look forward to supporting Impossible as they bootstrap promising projects and decentralized protocols in the Moonriver, Moonbeam, and Polkadot ecosystems.”
The Impossible team will deploy to Moonriver once it is fully launched, with a Moonbeam deployment to follow. The Impossible team is eager to contribute their extensive launchpad knowledge and expertise to the Moonbeam ecosystem as they continue to promote the growth of the Web3 ecosystem as a whole.
About the Moonbeam Network
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. As a parachain on the Polkadot network, Moonbeam will benefit from the shared security of the Polkadot relay chain and integrations with other chains that are connected to Polkadot. Currently in active development by PureStake, Moonbeam is expected to reach MainNet by Q4 2021. Learn more: https://moonbeam.network/.
About Impossible Finance
Impossible Finance is a multi-chain incubator, launchpad, and swap platform led by Ex-Binance & DeFi veterans. With extensive support from key leaders in the crypto industry, Impossible Finance simplifies DeFi for users to enjoy fairer investing, cheaper trading and better yields. Learn more: https://impossible.finance/