BHero Launchpad: Scaling The Elrond Startup Ecosystem
The remarkable success of the projects launching on the Maiar Launchpad have ignited the passion of innovators and tremendously increased the number of projects that want to be “the next Launchpad project”.
We know from experience that launching a new project from scratch is an immensely complex endeavor that requires coordination on multiple fronts, ranging from legal aspects to due diligence, economics and community building.
This is why we are excited to introduce BHero, the launchpad that spun out of the BH Network project with the goal of adding bandwidth to the Elrond startup scene and accelerating the rate at which new ideas come to fruition in our ecosystem.
“The genesis of Web3 brings the opportunity for powerful new ideas, products and trends to come to life via a simple set of smart contracts. Launchpads like BHero are catalyzing the expansion of the Elrond ecosystem, with deep care for aligning the long term interests of users and startups.” said Daniel Serb, Head of Business Development at Elrond Network.
The BHero Launchpad was designed in synergy with the BH decentralized freelancing network so as to use the BHAT token as currency for participating in launch events. BH Network will also be the first project to debut on BHero, albeit with EGLD as the currency for the first event.
BHero further encourages long term supporters of the Elrond Network by allocating participation slots to those who stake EGLD, in addition to the BHAT token itself. As an interesting additional synergy with the other projects of the BH founders, delegators to the MGStaking provider will have an advantage.
Perhaps the most important aspect of the BHero Launchpad is the focus on security and compliance. BHero will allow projects and NFT collections to launch in full compliance with the Financial Markets Authority, boosted by on-chain verification from Anchain and KYC system integration from Synaps.
“We want the BHero Launchpad to become a pillar of growth for the Elrond ecosystem by giving more opportunities for value creation through nurturing great ideas into disruptive projects. For this, we are taking the hard road of strict legal compliance and due diligence, to offer our community early access to the best dApps and NFT projects that have a clear long-term mindset from the very beginning.” said Marius Grigoras, BH Network CEO.
About Elrond
Elrond is a new blockchain architecture, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
About BHero
A complete crypto launchpad designed for startups who want to take their cryptocurrency project or NFTs onto the Elrond blockchain, following all legal regulations and requirements.
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