Starter (https://starter.xyz), the first multiple chain community-selection launchpad and ecosystem supporting interoperability of IDO (Initial Dex Offering) launches on seven major blockchains, announced that its START Vesting Protocol ($VEST), will be available on Polygon, Ethereum, and Binance Smart Chain (BSC). Any project with a token on these chains can use the START Vesting protocol to securely lock their tokens in an audited smart-contract vault for a set period of time, building community trust between investors, developers, and IDOs on the platform.
As blockchain innovation leads to more project launches and token sales, users often have to manage multiple accounts across numerous platforms to trade on the various ecosystems – causing time, funds, and patience to be lost. With Starter and its START Vesting protocol, users can access features from multiple major blockchains all on one platform, increasing IDO participation as well as provide resources like token locking to fight against price manipulation “rug-pulls” and malicious developers.
“Starter is evolving. We are always looking for ways to push to the next level, and to make this a more rewarding community for loyal $START-ers while bringing new functionality. Expanding the START Vesting Protocol to Polygon, BSC, and Ethereum is the result of hard work and some solid feedback from our community,” said Lionel Iruk, Special Counsel at Starter.
Prior to its launch a little over a week ago on June 1, $VEST had a total value locked of more than $2 million. Starter claims only 1% of liquidity from each liquidity pool and gives the rest back to $VEST stakers as rewards.
Starter consists of four separate branches in its recently rebranded ecosystem (formerly BSCstarter). Starter.capital, its venture arm vets, incubates, and invests in projects through the Certified START Program. Starter.xyz, is its decentralized fundraising launchpad. StarterSwap.xyz is its DEX allowing Starter IDO projects to list directly with $START token pairs. StartVesting.xyz is used to provide token vesting and liquidity locking.
In addition, Starter has launched many highly successful projects, with some selling out in minutes or seconds. These projects include Mercor Finance (MRCR), Wall Street Bets (WSB), WISE Token (WISE), FOMO Lab ($FOMO), and Bakery Tools (TBAKE). These successes can be attributed to the decentralized nature of the platform, allowing the community to vote on which projects are accepted to move into the funding stage.