- Solana-based SolRazr recently announced its upcoming launchpad
- The project’s launchpad will go live on October 4, 2021
- Aside from the launchpad, SolRazr will also conduct their IDO
Solana-based platform SolRazr recently announced two upcoming events for the project. Firstly, the platform will be releasing its launchpad on October 4, 2021. Aside from this, SolRazr will also be having its initial dex offering (IDO) that will be launched via its native platform.
The project introduced a decentralized developer ecosystem for Solana and has been actively improving its platform. It aims to be the go-to fundraising platform for projects with the goal of developing software solutions within Solana. Particularly, the platform focuses on providing a high-performance network for DeFi.
In the IDO, the project will offer its native crypto token called SOLR. The objective is to secure $250k in funds. Details of the IDO such as the number of tokens offered and the price will be released days before the IDO begins. According to SolRazr, half of the IDO tokens may be unlocked while the other half will be given within 5 months — with a 10 percent release each month.
SolRazr CoFounder Sreekanth Kalapur explained that the Solana blockchain will be powering the activities within the SolRazr platform. He added that,
SOLR will act as a utility token and is central to the functionality of our launchpad. Future allocations to the upcoming IDOs on our platform require SOLR tokens to be staked.
Aside from being a launchpad, Kalapur also mentioned that SolRazr will be making a platform that includes developer tools as well. With this, anyone will be able to deploy apps within Solana.
The Solana blockchain is arguably the fastest blockchain in the world, as it can handle more than 50 thousand transactions per second. Aside from that, the blockchain is very inexpensive to use. SolRazr will be leveraging these benefits and create a “highly secure and bot-proof platform.”
CryptoDiffer is proud to be the media partner of Solrazr. We plan to cooperate closely with Solrazr team to bring awareness to crypto communities about new rising stars of Solana ecosystem coming straight from Solrazr launchpad! – Maksym Kyryliuk, co-founder at CryptoDiffer
SolRazr CoFounder Vijay Kalangi also shared his thoughts. He said that “not even at 1% of global tech adoption in digital assets and projects.” In the long term, Kalangi mentions that the SolRazr ecosystem will be more comprehensive.
Prior to this IDO, the project has also acquired $1.5 million in capital funds in investments from Moonrock Capital, Ascensive Assets, and Morningstar Ventures.
ZBS Capital is proud to support Solrazr, an innovative project offering Launchpad, Accelerator, and Developer Tools on Solana. ZBS Capital shares the vision of Solrazr and we will put our resources to help to find early stage projects aiming to build on Solana and connect them with Solrazr team for future cooperation! – Vladyslav Skakun managing partner at ZBS Capital