Polygen

A Permissionless Launchpad to fund innovation in a truly decentralized manner - No Gatekeepers

Polygen is a next-gen decentralized launchpad that enables innovation for the funding for crypto projects. Polygen is unique and different from other launchpads because it encourages long-term participation instead of short-term gains.

This article explores how Polygen is different from everything else out there and also one of the most dynamic marketplaces for raising funds for blockchain projects.

Polygen: A Project’s Launchpad

Polygen offers a multichain, decentralized, permissionless, and open launchpad to raise funds for crypto projects. It’s almost like the DEX of fundraising. Polygen facilitates fair access and opportunities for crypto projects to conduct their raises efficiently and transparently.

PGEN is the native token of the platform, unlocking membership to project raises, incentivizing participation in the Polygen ecosystem, giving access to project liquidity pool seeding, and earning rewards.

Permissionless Approach

Unlike traditional launchpads, Polygen is not controlled by any gatekeeper, for example an investment committee. Gatekeepers, as the name suggests, control access to who can participate in a launchpad. Launchpads have evolved into centralized institutions that select which projects can succeed. Unfortunately, launchpad investment committees typically select crypto projects based on their return on investment — it’s all about the launchpad not the project. However, this model of fundraising is stifling innovation leaving crypto projects without any way to showcase their product or idea. Also launching a project on a new or unknown launchpad often gives the impression the project is not ‘top tier’ when it is not the case.

Customized to Innovate

Currently, when fundraising, projects are only able to conduct their public rounds on the launchpad. What this means is that private and seed rounds have to be raised elsewhere. This approach restricts fundraising for projects in the crypto space and reduces transparency. As a consequence, projects are driven to conduct their seed or private fundraising rounds privately, restricting who can participate.

Polygen intends to expand the horizons by allowing projects to conduct their token sale rounds — from seed to public on its platform.

Polygen encourages experimentation and allows projects to participate on the launchpad without any permissions. The project creators can launch their customized IDOs. Project creators have the flexibility to raise funds at their own pace and mechanism. Moreover, project creators can decide and set their own terms for the size of the raise, auction mechanism, tiers, etc.

Polygen does not restrict projects to lead or drive in any pre-specified methodology. They can decide on the amount of funds to be raised and also the blockchain they want to launch on. Polygen’s goal is to set a new benchmark where projects are to be valued by their productivity, innovation, and success rate, and not just by their upsell price for immediate returns. If a project can promote itself, has a great product and resonates with the community then it will find its funding.

Diverse Ecosystem

Unlike other launchpads that restrict themselves with IDOs and their defined community, Polygen’s mission is to become a fundraising marketplace supported by a diverse ecosystem of investors, incubators, seeders, advisors, and the community. The diverse ecosystem further encourages long-term success instead of a niche community that participates in ‘pump and dump’ schemes.

Most traditional launchpads create hype by offering to upsell prices to attract more investors. Polygen’s diverse ecosystem with real community encourages thorough vetting and due diligence of the projects by the community itself. The Polygen platform is designed to provide all the right information for the community to thoroughly check and verify the project before investing.