Introducing Solcubator.io — The First Permissionless and Community-Governed Launchpad on Solana
Solcubator aims to drive the expansion and adoption of the Solana ecosystem by providing a secure and decentralized platform for projects seeking funding and incubation and for investors to filter the value-added projects as it’s community-driven.
Solana’s appeal as an ecosystem
Simply put, Solana’s popularity as a blockchain and ecosystem can be accredited to its native scalability, low commissions, and extreme rapidity. It has seen tremendous growth in recent months, both in terms of the user base, the number of newly emerging projects, and the total value locked (TVL) in DApps. When we mention native scalability, we refer to the number of transactions performed per second without relying on some layer-2 scaling solution, like sharding on Ethereum. A transaction on Solana is about 2.5 times faster than Visa’s. Correct, just let that sink in!
It’s the innovative Proof-of-History (POH) timing mechanism built on top of Solana’s Proof-of-Stake (PoS) protocol structure that supports an astonishing peak theoretical capacity of 65,000 transactions per second (TPS).
At the same time, all these advancements haven’t gone unnoticed for early developers and retail investors that are out there, looking to find the next legitimate ecosystem that could compete with ETH or BSC. At Solcubator, we believe the Solana ecosystem has significant room to grow. The total value locked (TVL) in its DApps is still relatively small compared to leading competing blockchains such as BSC and ETH. Besides, you should know that we’re purposely using Solana’s name in association with the latter blockchains because of our genuine belief in the ecosystem’s potential. One of the main benefits of creating our launchpad on Solana is that you can navigate its blockchain promptly against negligible transaction costs. As a matter of fact, we view it as the perfect mix between scalability, security, and decentralization. After all, this is what you would look for in a next-gen launchpad. Unlike Ethereum, where investors are currently dealing with outrageous gas fees that have nearly resulted in the postponement of project launches and existing projects losing user engagement — staking, claiming, and everyday transactions/operations on its blockchain can cost up to hundreds of dollars in transactions fees.
Nonetheless, there are some other yet undiscussed and unique benefits of using Solana to improve our launchpad, which we will reveal soon by actually implementing it.
An introduction to Solcubator
We expect the demand for Solana projects to continue going up. Therefore, we want to offer a secure, permissionless, and community-governed IDO ecosystem that can accommodate new investors entering the Solana ecosystem for the first time.
You might be aware that there have been countless recurring “rug pull” schemes on other blockchain networks. These events are the unfortunate repercussions of what typically happens when a massive new influx of investors and liquidity flows into an upcoming DeFi ecosystem (based on the developments we’ve seen on Ethereum and particularly the Binance Smart Chain). The point is, we want to protect these inexperienced (and sometimes even well-versed) investors at all costs. We don’t want them to fall victim to bad actors that could take advantage of the freedom and permissionless nature of the DeFi ecosystem to scam users of their hard-earned cash. Solcubator is built for the people and governed by the people to prevent the described scenario from systematically returning and giving this ecosystem a bigger chance to grow and be adopted.
Another reason why we created Solcubator is that many launchpads across other chains are using an overly bureaucratic and complex system to determine which project will be featured on their platform. More often than not, a launchpad requires KYC and is characterized by a rigid selection process that is a firm reminder of the old barriers that have traditionally kept innovation only accessible to the rich. At Solcubator, we believe the community is an essential contributor to addressing many of the world’s problems and can take matters into their own hands. Aspiring projects are free to be listed on our platform — unhindered by government red tape and KYC rules. In effect, the Solcubator community utilizes their collective due diligence and DYOR skills to decide which project is value-adding for the Solana ecosystem. Let us filter through the messy landscape to discover the hidden gems of our growing ecosystem. The community will express their decision-making by voting for or against the projects coming through the Solcubator platform. It is that simple!
The brand: Solcubator
As you might know, many launchpads have a tough time staying relevant in the ever-changing hype and demand revolving around upcoming DeFi protocols. Investors are eager to try out new DeFi products on different blockchains. This development is perfectly understandable, given the current market circumstances, and the team behind Solcubator has anticipated this from the moment we conceptualized our own idea. We don’t like to overpromise, but our strategy is designed to expand beyond the concept of a decentralized fundraising platform. For instance, aside from having the ambition to become blockchain-agnostic, Solcubator envisions building the most sought-after DeFi products to stay relevant as an ecosystem. It’s also a way to magnify the use-case of our native token as it’s supposed to play a significant role with every new invention. So, next to maintaining our IDO platform, we look forward to launching our Solcubator DEX (SolcuDEX) and more products to come in the future. Not to mention that our governance voting will play a substantial role in this.
If you want to learn more about Solcubator, please refer to our website and documentation portal.
Follow us on social media to make sure you don’t miss out on any development updates.
And lastly, note that our token is currently NOT purchasable anywhere. Always double-check that you’re using any official channels recorded below, and especially watch out for fake Telegram groups.
Keep in touch with us:
🌍 Website: https://solcubator.io/
⁉️ Solcubator FAQ: https://solcubator.io/faqs
🐦 Twitter: https://twitter.com/Solcubator
🔊 Announcement Channel: https://t.me/SolcubatorAnn
✉️ Community Channel: *COMING SOON*