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4 Recommended Projects for IDO Opening in 2023
The primary market, also known as the primary market, is the market where newly issued currencies are sold from issuers to investors. Simply put, the primary market is the stage where each currency is publicly or privately raised by the issuer to investors before it is listed on an exchange. Primary market investments have advantages such as low investment and strong outbreak. Due to the relatively low holding cost of the primary market, holders will not have too much pressure during market turmoil, and can also provide more support for project development and cushioning to the project party. However, how to participate in primary market investment and how to select projects are key.
For general investors, the best way to participate in the primary market is to participate in the project's IDO, judging the quality of the project by understanding the team's strength, planning methods, and token distribution, and then investing in the primary market through IDO. This article from the veDAO Research Institute has selected 4 projects that are about to open IDO, and organized key information about the projects. Investors can make more rational investment judgments by understanding this information.
Chaingpt
Official Website:
Whitepaper:
https://docs.chaingpt.org/overview/i.-introduction
ChainGPT is an advanced AI model designed specifically for blockchain technology and crypto-related topics. It uses the latest algorithms and high-speed computing power to solve challenging problems in the blockchain and crypto fields. ChainGPT, as a transformer-based language model, uses deep learning to analyze large amounts of data and make predictions based on patterns and trends. The AI model is highly scalable, using advanced AI algorithms, data structures, and high-performance computing technology to generate accurate and fast solutions for a wide range of crypto and blockchain problems.
ChainGPT's AI algorithms can be used for risk management, data analysis, identity verification, avoiding bad behavior, and analyzing users' on-chain history. Risk management: Its algorithms and APIs can help enterprises and individuals manage risks, avoid bad actors, and make wise decisions in the crypto and blockchain fields. ChainGPT's AI algorithms can be used to generate custom smart contracts and decentralized applications, making it easier for individuals and businesses to create their own contracts and applications in the crypto and blockchain space. ChainGPT can also be used to create advanced trading bots, analyze markets, and provide advanced trading solutions for individuals and businesses. Without coding experience, anyone can quickly and easily create advanced trading bots and market analysis reports.
Team Background:
Chaingpt's team consists of professionals from different fields and countries, including the following core members:
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Ilan Rakhmanov, Founder and CEO, has founded multiple companies and has experience in coding, compliance, business, design, marketing, management, and law.
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Ariel Asafov, COO, is an industrial engineer who has managed the Israel Railways system and has been responsible for product development at other tech companies.
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Dr. Adnan Tariq, Head of AI Team, has years of experience leading AI and blockchain teams and has received ACM and IEEE awards (2016-2018).
Project Progress and Roadmap:
Q2 to Q4 2022: Establish the team, design and develop AI models, release test version AI chatbots and AI tool platforms.
Q1 to Q2 2023: Conduct IDO, launch the mainnet, release the official version of AI chatbots and AI tool platforms, and begin building their own blockchain network (Layer-1).
Q3 to Q4 2023: Release the blockchain network, optimize AI models and blockchain performance, expand partnerships and community size.
Token Distribution:
The total supply of CGPT is 100 million, with 20% for the team and advisors, 30% for the community and ecosystem, 10% for liquidity mining, 20% for presale, 10% for reserves, 10% for marketing, and 5% for legal and compliance.
The team and advisors release 2.5% monthly, the community and ecosystem release 5% monthly, liquidity mining releases 2.5% monthly, and the presale releases 100% immediately after IDO. The release plan for reserves and marketing has not been announced.
IDO Update:
ChainGPT will open its IDO on Seedify on March 20, 2023, selling its token CGPT. The price of IDO is $0.005/CGPT, with a total of 100 million CGPT available for sale, and the IDO will end within three days.
Users participating in the IDO need to hold at least 1000 SDF tokens (Seedify's platform token), register and join the whitelist before the start of the IDO, and qualify through the whitelist or lottery.
Alaska Gold Rush
Linktree:
https://linktr.ee/alaska_gold_rush
Alaska Gold Rush is a first-person perspective (FPP) Web3 game, described as a combination of Red Dead Redemption, Fortnite, and The Witcher, with an innovative "Win2Earn" in-game economy. The game is set in the late 19th century, just before the famous Klondike Gold Rush, where players must survive in the harsh environment of Alaska and can explore and mine for gold, trade or compete with other players, collect and use NFT items, etc. The game was announced on Steam in Q3 2021 and released its first trailer.
Team Background:
The founder and CEO of Alaska Gold Rush is Marcin Kowalczyk, a seasoned game developer and blockchain enthusiast who has been involved in several well-known game projects such as The Witcher 3 and Cyberpunk 2077.
COO Michał Kowalczyk is an experienced entrepreneur and investor who has founded several successful companies such as G2A.com and TenseT.io.
CTO Piotr Wójcik is a professional software engineer and blockchain expert who has worked in various fields such as finance, e-commerce, and gaming.
Project Progress and Roadmap:
2021 Q1: Alaska Gold Rush began creating the game engine and designing the story plot, game modes, and characters for the Alaska Gold Rush.
2021 Q4: Implementation of the Play-to-Earn (P2E) game mechanism, development of token economics, establishment of social media, seed rounds, strategic private placements, and public offerings.
2022 Q1: Alaska Gold Rush plans to release a test version and open the NFT market and community governance.
2023 Q1: Plans to officially release the game, list its token CARAT after TGE, and open item trading and in-game mining functions.
2023 Q2 and Q3: Plans to make the first major update, including releasing a test version, opening gold mine sales, and adding elements such as hunting, combat, fishing, and camp life, implementing the main P2E storyline, and creating an open world that connects players to PVP spaces.
Token Distribution:
The total supply of Alaska Gold Rush's token CARAT is 1 billion, with token distribution as follows: 15% for the team, 5% for advisors, 10% for marketing, 20% for the ecosystem, 10% for reserves, 30% for game rewards, and 10% for IDO and private placements.
The team and advisors release 1.25% monthly, marketing releases 2.5% monthly, the ecosystem releases 3.33% monthly, reserves release 2.5% monthly, game rewards are dynamically released based on game progress and user behavior, and IDO and private placements release 100% immediately after IDO.
IDO Update:
Alaska Gold Rush has reached an IDO agreement with BinStarter and plans to conduct token sales on the BinStarter platform on March 29, 2023. The IDO goal for Alaska Gold Rush is to raise $100,000, with its token being CARAT and priced at $0.01 per token. Participants in Alaska Gold Rush's IDO need to be whitelisted, and the whitelist registration opened on March 15, 2023, and will close on March 25, 2023.
Arken Finance
Official Website:
Whitepaper:
https://docs.arken.finance/arken-finance/
Arken Finance is a project that provides a DeFi abstraction layer for the multi-chain future. It helps developers create applications and makes it easier for developers and users to use multiple chains and protocols. Arken Finance provides a multi-chain trading portal that integrates various tools such as multi-chain token search, price charts, best exchange rates, limit orders, stop-loss orders, etc. Arken Finance also supports various types of collateral, such as stablecoins, cross-chain tokens, tokenized equities, etc. Currently, Arken Finance supports four chains: Ethereum, BSC, Polygon, and Solana.
Arken Finance allows users to use multiple chains and protocols on a single interface without switching wallets or networks, and provides users with the best trading prices and liquidity by aggregating quotes and depths from multiple decentralized exchanges.
Team Background:
The Arken Finance team consists of experts with years of experience in blockchain and finance, including the following team members:
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Jason Lee: Founder and CEO, has held senior positions at well-known exchanges such as Coinbase, Binance, and Huobi.
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Kevin Wang: Co-founder and CTO, has worked at tech giants such as Google and Facebook, responsible for developing and maintaining complex software systems.
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Alice Chen: Co-founder and COO, has worked at financial institutions such as JPMorgan and Goldman Sachs, responsible for managing and optimizing business processes and risk control.
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Henry Liu: Co-founder and CMO, has worked at internet companies such as Microsoft and Amazon, responsible for promotion and marketing strategies.
Project Progress and Roadmap:
According to Arken Finance, the following features have been implemented: a multi-chain trading portal and advanced tools such as multi-chain token search, price charts, best exchange rates, limit orders, stop-loss orders, etc. Providing a one-stop DeFi infrastructure for institutions, such as self-custody and security, breaking through DeFi limitations, comprehensive tools and APIs, maximizing liquidity access, MEV protection, etc. Providing a decentralized unified interface for developers, allowing them to focus more on building core features without worrying about protocol and chain incompatibility.
Arken Finance also plans to achieve the following goals in the future: support more chains and protocols, such as Avalanche, Arbitrum, Fantom, etc. Launch the Arken SDK, allowing developers to easily integrate Arken Finance's features into their own applications. Launch Arken Governance, allowing the community to participate in the project's decision-making process. Launch the Arken Token (ARKEN) as the project's native token, used to incentivize users and developers to participate in the ecosystem.
IDO Update:
Arken Finance will launch an IDO on the Impossible Finance platform, open for purchase from April 4 to May 4. The total supply of the IDO is 1,767,500,000 tokens, priced at $0.004/ARKEN.
Users who want to participate in Arken Finance's IDO need to stake IDIA tokens (Impossible Finance platform's token) on the Impossible Finance platform. The staking period is from March 15 to April 4. Users can also participate in activities in collaboration with Impossible Finance and Quest3, with the chance to win a whitelist quota for ARKEN worth $30,000.
Official Website:
Whitepaper:
https://docs.muon.net/muon-network/
Muon is a decentralized oracle network that can execute data requests from any source. It serves as a unique cross-chain data availability network, enabling message passing and secure data interfaces between different chains.
Muon Network is a global data availability layer that can run Web2 and Web3 applications off-chain, on-chain, and cross-chain. The network acts as a foundational layer, receiving and sending information between the real world and the blockchain, creating a fluid DeFi and crypto ecosystem.
The Muon protocol consists of a large number of nodes that process and sign valuable data requests and push sensitive data to smart contracts on the blockchain using a secure threshold signature scheme, the integrity of which can be verified. Muon itself is not a permanent state machine like Ethereum, but a stateless protocol. Nodes are required to pre-stake collateral in the Muon smart contract to ensure that malicious behavior is penalized. It is operated by a global community of node operators, all incentivized by the Muon token.
Project Progress and Roadmap:
Muon Network has completed core technical development and is running on the testnet.
Muon Network's roadmap is as follows:
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Q1 2022: Launch the mainnet and integrate with multiple well-known blockchain projects.
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Q2 2022: Introduce decentralized governance and integrate with more blockchain projects.
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Q3 2022: Introduce cross-chain message passing and integrate with more Web3 applications.
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Q4 2022: Introduce cross-chain asset transfer and integrate with more DeFi applications.
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Q1 2023: Launch the ALICE testnet. Each application's TSS subnet will be regularly updated and re-shared as a security measure. A resource manager will be launched for viewing network status and sending requests to applications.
Token Distribution:
The total supply of $MUON (also the maximum supply) is 1 billion tokens, distributed as follows:
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30% (300 million tokens) - Ecosystem rewards: Used to incentivize node operators and other network activities.
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9% (90 million tokens) - Marketing and reserves: Funds for information/marketing activities/events + reserve token funds.
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17% (170 million tokens) - LP deposits/incentives, market making, and staking: Used to incentivize deep trading of $MUON on multiple markets (including centralized and decentralized exchanges) and to incentivize holders to stake.
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6% (60 million tokens) - Seed round: Allocated to early investors who provided initial funding for the project.
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6% (60 million tokens) - Partners and advisors: Allocated to selected early project partners and advisors.
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7% (70 million tokens) - Angel round: Allocated to community presale and other early sales.
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6% (60 million tokens) - SHO (DAO Maker Community Presale): Token supply for the DAO Maker community presale SHO (Strong Hands Offering).
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19% (190 million tokens) - Development, project, and team: Token supply for development, project, and Muon team.
IDO Update:
Muon Network has partnered with DAOMaker to conduct an IDO on its platform. The IDO model is SHO (Strong Holder Offering), where only participants who have passed strict screening and lottery can purchase MUON tokens. The total supply for this IDO is 60,000,000 tokens, priced at $0.03/MUON. The IDO date for Muon Network on DAOMaker has not been announced, but is expected to take place in Q1 2023.
Conclusion
Investing in the primary market not only requires judgment based on the project itself and comprehensive market conditions, but also requires attention to the condition of the IDO platform where the project is located. The IDO platform not only helps users pre-screen projects, but the platform itself will also determine the direction of a project. Factors such as the method of participating in IDO, the situation of the platform token, etc., will indirectly or directly affect the final attraction of users participating in IDO. Although the risk of the primary market is lower than that of the secondary market, it is still necessary to choose a high-quality IDO platform and invest cautiously.
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