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FLy, the risk-free launchpad solution to protect money when investing in an IDO (2)




ZUG, Switzerland, Aug 27, 2021 / PRNewswire / – Participating in an IDO can be lucrative most of the time for an investor, but at certain times it can be quite difficult to search for the new crypto gem x100. If you want to know what an IDO is, and its pros and cons, read our article on VRM Research.

IDO are not always profitable.

Unfortunately, pre-sale and IDO investors are sometimes left with worthless tokens.

As examples of the cases with such situations, look at the results of Crypto Puzzles IDO with -92.8% ROI:

AND Something Painter with -82.8%:

It happened for different reasons, such as that a developer did not provide liquidity or that it initially provided it and then withdrawn it (this is called “rug pulling”).

Rug Pull

A rug pull It is a situation where cryptocurrency developers abandon a project and run away with investor funds. Rug pulls sometimes occur in the DeFi ecosystem, especially DEXs, where malicious individuals create a token and list it on a DEX, pairing it with a leading cryptocurrency like Ethereum.

But once a significant number of investors trade their ETH for the listed token, the creators withdraw everything from the liquidity pool, driving the price of the coin to zero.

Make sure you are not a victim of a rug pull

Decentralized exchanges like Uniswap algorithmically determine the prices of a fund’s tokens based on available balances. Check the liquidity of the project in a fund before investing, and check if there is a lock in the token fund for a certain period. But it is not possible all the time, because not all projects add liquidity to the fund before an IDO.

Even if the project seems reliable and worthy, even if it has reputable investors and companies, it does not guarantee positive results. The creators of the coin can even create a temporary hype around Telegram, Twitter and other social media platforms and initially inject a substantial amount of liquidity into their fund to cultivate investor confidence and boost FOMO that leads more people to. invest in the token.

FLy protects clients and investors from the risks of an IDO

Driven by the principles of full transparency and an understanding of investors’ needs, the FLy team has developed a Launchpad platform that provides its users with a high degree of protection against risk within the volatile DeFi investment space.

The FLy ecosystem, powered by its utility token Franklin (FLy), They serve as the fuel that powers the platform. FLy is a utility token with a real purpose – to own FLy tokens to gain access to Launchpad and IDO without risk, which is a distinguishing feature among other Launchpad platforms. FLy token holders also get access to solutions such as trading signals for manual trading and APIs produced by quantitative trading algorithms, FLyDEX for traders, and DeFi solutions for the FLy token, such as stakes and farms, a network bridge, trust, and more to come.

Risk-free IDO on the FLy platform: Case study

As we mentioned earlier, an IDO can be risky for investors. That is why it is very important to participate in this type of investment using the appropriate platform, which guarantees maximum benefits for your investment community and protects your clients.

As an example, on August 5, 2021, a project called CFL365.Finance had an IDO for its token on the FLy Launchpad platform. The IDO was fully deposited within 30 minutes of starting and closed with a deposited amount earned twice as much as needed. But unfortunately, the performance of the $ CFL365 token did not fit the risk management profile.

FLy cares about the community and to keep it profitable, it stopped token distribution. To insure the FLy community from losses, all USDT tokens that participated in the IDO were unlocked.




Additionally, FLy Launchpad participants got a $ CFL365 token airdrop for free based on the number of FLy tokens in their portfolio.

The FLy launchpad is risk free, so the team does not leave its community without refunds in the event of a project malfunction. All information about the IDO process is sent to the community through the FLy and BO Newsletter and the official channel of the IDO community. Global Telegram.

You can view all the transactions in this case here:

https://bscscan.com/tx/0x5db49501c87a784fc0f695c82885b3304834c882539e3b135888285655beea14

Airdrop tokens:

https://bscscan.com/tx/0x52bbc9f61c410c88eda92315e592055bf7d7f54a42ff0f6917b0726e2289d16f

https://bscscan.com/tx/0xc9196878ff84737edf23af8fe606955ec7e345ffe9bc67f4ed6d5272ba7066e8

USDT Refund:

https://bscscan.com/tx/0xba0296e351cfca0191035218cc3ae1cd71f633933d182d56016942e8576861c9

https://bscscan.com/tx/0x8f298d46ccf5ee8eac2ca7488a3bb466095f217e008707557a61423e6cd4b0b0

About Fly Launchpad

FLy Launchpad assists and advises project teams on the best way to engage communities and increase the number of investors for a successful launch of your token. Launchpad offers a complete fundraising service, from advice to post-listing support, marketing and market making.

The FLy team seeks strong projects with a unique and innovative vision in the cryptocurrency space.

The FLy community enjoys the opportunity to invest in high-quality projects with good conditions, which are similar to the institutional seed and pre-seed rounds.

FLy Launchpad offers completely risk-free IDOs and creates a win-win situation for projects and investors alike.

Advantages of Fly Launchpad for investors and projects

  • Wide community and relevant experience for projects, pre and post IDO support with marketing, price management and advice.
  • The FLy community could support high-quality projects to invest in.
  • Risk – protection for FLy token holders, in the event that an IDO token performs poorly or a team behaves unfairly, token holders get their investment back without loss.

Participate in IDO on the FLy Platform

  • The participant must have more than 100 FLy tokens (BSC / ETH network) in their web wallet (Metamask as an example)
  • The participant must have the appropriate amount of funds for their investment request
  • The holder of the Fly token has to select a project in which to invest
  • You have to link your appropriate wallet to launchpad.bo.market
  • You have to decide an investment amount and approve the investment request
  • Win in a lottery
  • Complete an investment
  • Receive tokens from a token sale

Current price of the FLy token

The price of the FLy token was up + 170% last weekend, while the trading volume of the FLy token broke the record with more than 10 million dollars. FLy is expected to continue to grow thanks to new partnerships and services coming to market, definitely one to watch for in the future. Add the FLy token to your CoinMarketCap watchlist. If you are looking to diversify your portfolio, now might be the ideal time to consider adding FLy.

Fly has many more solutions on the way and there will be many more exciting announcements about the latest updates. Be careful.

Website: https://tokenfly.co/

Twitter: https://twitter.com/FrankLinYield

Telegram: Telegram Global community channel

Telegram Ads: https://t.me/TokenFLyBlackOcean

Photo – https://mma.prnewswire.com/media/1601715/1.jpg Photo – https://mma.prnewswire.com/media/1601716/2.jpg Photo – https://mma.prnewswire.com/media/ 1601717 / 3.jpg Photo – https://mma.prnewswire.com/media/1601718/4.jpg Photo – https://mma.prnewswire.com/media/1601719/5.jpg




TAMMY SEWELL
Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: Tammy@oicanadian.com Phone: +1 513-209-1700

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