August 4, 2021
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Impossible Finance Is Coming To Elrond: One More Launchpad And Swap Platform For Elrond Builders

Builders set out to give substance to their dreams when they feel the world is ready for their vision. They then struggle and push as hard as possible until it is their turn to be ready for the world. That’s the time to launch.

Project launches are a make-or-break moment, so teams who reach this stage will orient themselves towards the platforms, tools, and models that give them the best chance of success.

This is why we’re excited to announce that builders looking to launch their projects on the Elrond Network will be able to do so through Impossible Finance.

The platform’s mission is to make decentralized finance impossibly easy by providing a powerful set of tools for teams to bootstrap their projects, from the ideation stage to token creation and liquidity. Impossible Finance thus features a Launchpad for new projects and a Swap platform to enable immediate liquidity and dynamic price discovery.

Through our collaboration, the Elrond Network will be integrated with the Impossible Finance platform, enabling projects to deploy on our mainnet using the Impossible Finance launchpad and their unique “Business to Developer” incubator and Self-Sustaining IDO model.

The Impossible Finance Swap module will also feature ESDT pairs that will be able to tap into the Maiar Exchange liquidity, further enhancing opportunities for builders to connect their projects with token holders.

“The Impossible Finance team was behind some of the most spectacular growth stories in the blockchain and DeFi space. Their creative energy and insights will be a catalyst for builders launching on Elrond.” said Beniamin Mincu, Elrond Network CEO.
“Elrond’s incredible work-ethic as a team and ecosystem has rallied one of the most active and engaged communities I have witnessed in the space. We look forward to onboarding the Elrond network into the Impossible Finance platform and work together towards the expansion of the Elrond ecosystem.” said Calvin Chu, BUIDLer at Impossible.

The Impossible Finance platform will be complementary to the Maiar Launchpad and will offer additional opportunities for all the teams who want to build permissionlessly with Elrond technology with the tools to grow sustainably.

About Elrond

Elrond is the internet-scale blockchain, 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 Impossible Finance

Impossible Finance is a multi-chain incubator, launchpad, and swap platform which offers a robust product-first ecosystem that supports top-tier blockchain projects to targeted user audiences. Our vision is to make DeFi impossibly easy for everyone and level the playing field by building a fair, more accessible open financial system for all.

Author Profile Picture
Beniamin Mincu
Co-founder & CEO

Beniamin Mincu, the co-founder & CEO of MultiversX, is a distinguished tech visionary and one of Europe's early blockchain pioneers. With a notable background as Product & Business at Nem Core in 2014, he subsequently founded and led MetaChain Capital as its CEO. Beniamin continues to shape the future of technology and blockchain with his unwavering vision and leadership.

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Author Profile Picture
Beniamin Mincu
Co-founder & CEO
Published on
August 4, 2021
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