Pangolin & Starter combine to provide a STARTing point for new projects on AVAX
A partnership forged to drive development and adoption on Avalanche.
Starter continues on its path to becoming the go-to launchpad for native private and public fundraising on the most popular & promising blockchains with recent deployment on Polygon, Ethereum, Fantom, and now Avalanche — taking the total number of blockchains projects can natively raise and launch on to 5!
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. This is why it has been firmly in the limelight as of late, with many starting to recognise its innate advantages as an L2 and Ethereum enabler.
Avalanche saw its TVL explode to over $1.6B from about $250M in mid-August, 2021. Avalanche’s DeFi ecosystem now boasts $1.55B in TVL.
And Pangolin is a big contributor to that. A first-mover in the DEX and AMM space on AVAX, Pangolin is the largest and most established DEX on Avalanche, with over $300m TVL, 200 tradeable tokens, and 67 farms including WETH, USDT, LINK, and SUSHI.
The pull of alternative blockchains is obvious with the rise of BSC and Polygon, L2 solutions such as Avalanche are quick and hugely secure places where developers want to build and launch. And now with the combined efforts of Pangolin and Starter, developers will have a safe & fully automated place to launch their AVAX based protocols and projects.
Pangolin x Starter
Pangolin and Starter is a collaboration of the #1 most technologically advanced multichain fundraising platform, and the leading exchange and AMM on Avalanche, one of the fastest-growing ecosystems of this year. A collaboration designed to increase the security of IDOs on Avalanche, and provide a streamlined and battle-tested, safe, secure fundraising platform for both developers and investors to join the Avalanche ecosystem.
A combination of START and AVAX (the network token of Avalanche) will be required to gain entry to all Avalanche IDOs on Starter.
Similar to how Starter operates on Polygon, Ethereum and Fantom, Starters will be required to stake LP tokens to be eligible for IDOs. This will be for the START/AVAX pair on Pangolin.
Rewards for START/AVAX LP holders
In true starter fashion and ensuring our fantastic IDO community are earning in between IDOs plus hedging against any impermanent loss from LP staking, Pangolin has announced they will provide PNG rewards for START/AVAX LP stakers.
Fundraising in PNG
PNG will be incorporated on Starter AVAX as one of three initial fundraising tokens for Starter on Avalanche. The other two will be AVAX and USDT.
The developer of each project will have the choice of fundraising in PNG, AVAX, or USDC.
Automatic Listing on Pangolin.Exchange
As we proved on our first chain, BSC, automatic liquidity locking is key to minimizing rug pulls that can plague growing and developing blockchains.
That is why every IDO that takes place via Starter on Avalanche will utilise our unique lock and listing smart contract and VEST liquidity locking service to automatically list exclusively on the Pangolin Exchange.
Take Part on Starter.xyz or Pangolin.Exchange
Pangolin and Starter will work hand-in-hand to launch Avalanche IDOs together, including co-marketing and utilizing Pangolin.Exchange for launching new IDOs meeting their criteria.
Ultimately, we are delighted to be working with the fantastic and professional team at Pangolin and look forward to writing a fresh chapter in community fundraising and new project launches on the bustling and fast-growing Avalanche ecosystem.
Pangolin Exchange is a community-driven decentralized exchange (DEX) with fast-settlement, low fees, and a democratic process. Built on the Avalanche Network. Pangolin brings you the best trading opportunities to find and maximize your yield.
✉️ Telegram: https://t.me/starterxyz
🐦 Twitter: https://twitter.com/starterxyz
🔊 Announcements: https://t.me/starter_announcements
🟧 START BSC Contract: https://bscscan.com/token/0x31d0a7ada4d4c131eb612db48861211f63e57610
🟪 START Polygon Contract: https://polygonscan.com/token/0x6ccf12b480a99c54b23647c995f4525d544a7e72
🟦 START Ethereum Contract: https://etherscan.io/token/0x1d7ca62f6af49ec66f6680b8606e634e55ef22c1
⬜️ START Fantom Contract: https://ftmscan.com/token/0x8ca2ecbce34c322fcea6db912d9dbfd2dda5920d
🟥 START Avalanche Contract: https://avascan.info/blockchain/c/token/0xF44Fb887334Fa17d2c5c0F970B5D320ab53eD557
The leading IDO launchpad, incubator, and investor network for Polygon, Ethereum, Fantom, Avalanche, and Binance Smart Chain $START https://starter.xyz