We’re excited to announce that Mantradao’s ZENDIT launchpad will be an upstream IDO partner for projects on Genpad 🚀
The partnership will enable projects launching on the MANTRA DAO ZENDIT launchpad to get access to Genesis Shards’ pre-IDO liquidity solution; and will also make it possible to utilize $GS tokens on the ZENTEREST lending platform
MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance.MANTRA DAO leverages the wisdom of the crowd to create a community-governed, transparent, and decentralized ecosystem for web 3.
The first part of the partnership is a tie-up with MANTRA DAO’s launchpad — ZENDIT. As a launchpad platform ZENDIT employs a decentralized fixed swapping protocol which has many advantages such as providing transparency on the amount of tokens offered during a token launch as well neutralized risk of bad actors artificially inflating token price and then dumping.
Each new project launched on ZENDIT is carefully curated by the MANTRA DAO Council and undergoes internal vetting before approval to allow only the best projects that pass the requirements. Through the partnership, projects launching on the MANTRA DAO ZENDIT launchpad will get access to Genesis Shards’ pre-IDO liquidity solution via GenTicket NFTs. They would also get access to the Genesis strategic partners including access, ecosystem and mentor partners.
GenShards will also collaborate with MANTRA DAO to provide $GS tokens to the ZENTEREST lending platform. ZENTEREST is MANTRA DAO’s over-collateralized, money market, lending protocol that allows users to supply, borrow, and use their crypto assets as collateral in a peer-to-peer decentralized fashion. Users will be able to lock their $GS tokens in ZENTEREST to borrow against other assets.
Projects on Genesis Shards will be able to take advantage of an upstream opportunity to launch their projects on ZENDIT. GenShards projects will also be able to explore collaboration opportunities with the ZENTEREST lending platform as well as with other ecosystem partners at MANTRA DAO.
“Genesis Shards is thrilled to partner with MANTRA DAO on multiple fronts. The collaboration will give a two-way access to projects on each platform to explore opportunities in both GenShards and MANTRA DAO ecosystems. Genesis Shards’ pre-IDO liquidity offering is unique in the ecosystem and we are confident that this partnership will go the distance”
Garlam Won, Genesis Shards Co-founder
“We are very pleased to partner with the Genesis Shards team. Their attempt to offer multichain pre-IDO liquidity to new projects is an exciting novel concept in itself and has already caught the attention of the community. We are eager to collaborate with them on multiple aspects of each of our ecosystems for the long term!”
John Patrick Mullin, MANTRA DAO co-founder
. . .
About MANTRA DAO
MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. MANTRA DAO leverages the crowd’s wisdom to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.
About Genesis Shards
Genesis Shards is a decentralized ecosystem powered by Polkadot redefining NFTs as DeFi options, creating a permissionless environment of interchain liquidity for pre-IDO tokens. By wrapping time-locked fungible tokens into NFTs, Genesis Shards is creating a new marketplace for previously illiquid tokens
The next major steps in Genesis’s journey will be announced soon ! Keep an eye on this space for updates.
Follow Genesis Shards’ developments on: