LuaStarter is a multi-chain Initial DEX Offering platform on Ethereum and TomoChain based on a new Tier Guaranteed System Model.
In the current DeFi ecosystem, there are several problems such as early investing is not available to the average retail investors, the difficulty to know if projects are trusted among the community, tokens may not be fairly distributed in the offering, scatted tokens, and liquidity provider tokens (LP tokens) on multiple chains are not counted together for the IDO registration.
Several launchpads have been trying to solve these problems by providing fixed and dynamic swap features, fairness model, para-chain crowd loan, anti-bot protection, full KYC integration. Others try to provide high allocation to retail investors (some launchpad call it capital allocation feature) or introduce an integrated vesting schedule.
There are some limitations to all of the above solutions. The first limitation lies in the fact that token holders are not counted for the tokens they hold in more than one chain. Secondly, it requires a cooldown period, reducing the capital efficiency as participants must stake more tokens to join the IDO. Besides, many launchpads require whitelist registration and lottery mechanism, which makes the operation more complex and inefficient as many investors find it hopeless after several attempts without success and must rely on how lucky they are. Furthermore, KYC seems to be a part of a Centralized exchange process rather than a Decentralized exchange offering.
At LuaStarter, we envision that integration in Defi and Blockchain plays a vital role in the success of the whole community. Hence, we define LuaStarter’s core values are Security, Integration, and Scalability (SIS), becoming the most different approach to other launchpads. It means that LuaStarter aims to provide the most secure environment, integrate project creators to institutional investors, retail investors, and projects to the Defi ecosystem, then improve the scalability as a whole.
Hence, LuaStarter introduces The Tier Guaranteed System model built on SEAT mechanism to tackle most of the current problems in IDO by total count tokens on supported chains, no cooldown, no whitelist, no lottery, transparently publish the number of tokens investors can buy in advance for better asset management, and the flexibility to participate in the selected project. Equally important, LuaStart applies TOMOE operation model to integrate projects, institutional investors, and retail investors in preparation and development phases.
There are fixed 3+1 tier systems based on the total number of tokens and LP-tokens equivalent, enabling all token holders the right to participate in IDO projects. Tokens are allocated to each tier group based on fixed pool weight.
LuaStarter aims for projects which comprehensively demonstrate novel utility on Ethereum and Tomochain ecosystem, then expanding to other chains’ ecosystem such as Polkadot, Binance Smart Chain, Polygon, etc…
The project must undergo an intense process including:
Due diligence check
Final security check