A New Launchpad On Elrond: ChainBoost To Power Gamified IDO & NFT Offerings
We are excited to announce that the ChainBoost launchpad platform will integrate with the Elrond Network and enable projects and creators to launch their products on our mainnet.
ChainBoost is powered by ChainGuardians, our close partner that is building a powerful NFT ecosystem where creativity fuses with multi-chain DeFi innovation. Their launchpad creates an environment where entrepreneurs and content creators can join forces with an engaged audience to make innovative ideas into reality.
By employing gamification and chain analysis mechanisms, ChainBoost empowers the most active supporters to have a say in the platform’s governance using the Chain Guardians Governance (CGG) token, and get better access to new launchpad events.
Projects and creators launching on ChainBoost thus immediately benefit from a strong community of long-term supporters, together with guidance from an experienced team of blockchain technology and legal experts.
Through our collaboration, the ChainBoost platform will integrate the Elrond blockchain to enable new products and their tokens to be deployed directly on our mainnet. It will also be possible to participate in launchpad events using ESDTs - Elrond Standard Digital Tokens.
“The most successful startups create powerful network effects by leveraging engaged audiences. When merged with the amazing Elrond supporters network, ChainBoost’s community-building mechanisms have the potential to become a superpower for the projects debuting on their launchpad” said Beniamin Mincu, Elrond Network CEO.
“Ever since we joined forces with Elrond a few months ago, we’ve witnessed an incredibly rapid expansion of their ecosystem. There’s tremendous growth potential that we look forward to catalyze with the ChainBoost launch platform and deeper integrations with the overall ChainGuardians ecosystem.” said Emma Liu, ChainGuardians Co-Founder and CEO.
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.
ChainBoost is a decentralized launch platform. Its community and team believe in the disruptive potential of NFTs, gamification & DeFi within the technological and financial industries. As such, this protocol is designed to enable the most promising projects a platform to propel their products and kickstart their ideas. It is powered by ChainGuardians, the blockchain meets superheroes gaming ecosystem which combines traditional gaming concepts with blockchain technologies.