Revolutionizing the Way We Fund dApps: Introducing the Algem Liquid Crowdloan
Are you tired of the traditional fundraising methods for dApps such as initial coin offerings (ICOs) that lack transparency and accountability?
Then look no further than the Algem Liquid Crowdloan — the first-ever crowdloan for a DeFi dApp.
Not only is this innovative fundraising method community-driven, but it’s also safe and transparent, providing a better alternative to traditional ICOs.
By participating in the Algem Liquid Crowdloan, you will not only receive Algem tokens (ALGM) but also liquid aASTR tokens that can be used on our partner dApps to increase your income.
This is a more secure and reliable way to invest in a dApp, giving you peace of mind that your investment is going towards a project that truly cares about delivering value to its community.
Empowering the Community: How the Algem Liquid Crowdloan is Changing the Game
With the Algem Liquid Crowdloan, you have the opportunity to contribute by loaning your Astar Network (ASTR) tokens.
You simply lock your ASTR in the Liquid Crowdloan vault for 6 months. During this time, the ASTR tokens will be sent to Astar Network dApp Staking and generate rewards to ensure enough funding for the Algem Core team.
In return for your loan, you will receive Algem’s ALGM token and an equal number of liquid aASTR tokens.
During the 6-month lock period, use your liquid aASTR tokens inside Astar Network’s ecosystem and on other Polkadot parachains to earn more rewards.
After 6 months, the smart contract will open the vault, and you can claim your ASTR by returning your liquid aASTR tokens (which will be subsequently burned).
You will receive your original ASTR back and also retain the ALGM tokens that you were gifted for your contributions.
Bonus and Referral Scheme
The Algem Liquid Crowdloan offers a number of bonuses for early contributors and referrals.
As an early bird, you will receive a bonus on your contribution if you stake ASTR during the first week of the crowdloan.
Additionally, for every ASTR a friend contributes, you receive extra ALGM tokens. Your friends, who contribute via your referral link will receive a bonus on their contribution.
This referral system incentivizes community members to spread awareness and bring more contributors to the project, whilst also rewarding them for their efforts.
Powering the Vision: The Algem Liquid Crowdloan and the Team’s Future Goals
The Algem Liquid Crowdloan serves as an important milestone for the launch of Algem.
It is a community-backed launch for individuals looking to contribute to the evolution of the Astar Network and its ecosystem dApps.
The ALGM distributed to participants is vested over a period of time, helping to build a strong and well-intentioned community…as opposed to people just looking for a quick buck.
Furthermore, the liquid crowdloan is a safe way of fundraising that will allow the Algem team to cover regular expenditures such as salaries and audits.
The Big Picture: The Algem Liquid Crowdloan and the Future of DeFi dApp Funding
In summary, the Algem Liquid Crowdloan offers you a unique opportunity to support the development of a new DeFi system while also earning rewards and gaining a share of our project. It’s a win-win for both the community and the Algem team, making it a revolutionary fundraising method for dApps.
Don’t miss out on this opportunity to be part of the future of DeFi funding!
Stay tuned for more.
About Algem
Algem is a decentralized application built on the Astar Network and offers two main features: liquid staking and liquid farming. As their names suggest, these two options let ASTR holders keep their assets liquid while putting them to work. Also, the liquid staking and farming solutions let users use Algem’s liquid nASTR tokens across Astar’s Defi ecosystem to earn staking rewards and make more money. In doing so, Algem supports other Defi protocols by providing liquidity and creating a sustainable and cooperative ecosystem on the Astar Network and Polkadot.
How we had been making Algemantis Nautilus Pass NFT
Everything You Need To Know About Liquid Staking On Astar Network
Partnership with Sirius Finance
Introduction in Algem