Arkania Protocol has announced its IDO Launchpad for the public, with anti-whale mechanism, KYC and robust security.
KINGSTOWN, St. Vincent and the Grenadines, Jan. 11, 2022 (GLOBE NEWSWIRE) — The Arkania platform connects promising new projects with the global crypto community, offering developers a chance to showcase innovative new start-ups to individuals who then have the option to support them from the ground floor. Built on Binance Smart Chain, Arkania will integrate other chains in the future to offer an interoperable token launch experience.
Public Friendly with Anti-Whale Mechanism
With some new projects looking to secure massive sales of their token, it has become a common practice to offer private sales to a select number of large volume buyers, often with no cap on the number of tokens available to each buyer. This formula is sometimes even repeated in the public sale allowing “whales” to purchase a huge amount of tokens and later wield the power to manipulate the market for personal gain.
The team at Arkania is acutely aware of this and to combat the issue they have incorporated an anti-whale mechanism in their platform. In combination with KYC requirements, each user will be allocated 1 ticket which equates to an equal chance to participate in IDOs launched on the platform.
Features and Security
Another user-friendly feature is the 10-day “Cooling Phase” between when a participant wins participation in an IDO and then applied for another. This mechanism brings a level of fairness to the platform, allowing other users to apply for the next…