Metaverse Starter is a one-stop solution for holistic blockchain finance. It has recently launched a novel offer that allows the public to take part in new project launches in a style very similar to Dutch Auctions.
Metaverse Starter’s new feature integrates into its commitment to provide quality services. A multi-chain platform that connects Ethereum, BNB Chain, Polygon, Solana and Avalanche, the doors to an all-encompassing DeFi ecosystem have just blown apart.
But What is a Token Launch Auction?
The Token Launch Auction is an inspiration from the traditional Dutch auction style, wherein the price falls over time, as opposed to normal auctions where it rises. In any normal token launch scenario, project developers usually offer different incentives for people and large-scale investors to buy their tokens as early as possible for good discounts. VCs and whales are also offered much deeper discounts with private pre-sales.While this may sound good as the individual and institutional investors will rush to buy cheaper, giving a boost to the token sales and helping projects secure larger funds, ultimately it creates a disparity as later on investors will balk at buying the tokens for a steeper price. This can lead to a strain on token sales during the last stretches. Lower sales at the end also have a larger chance of the project not meeting its expected sales cap, ultimately putting pressure on the project to start development with less than expected funds or simply return the funding amount if the project never takes off.
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