We’re excited to announce that Red Kite will be an upstream IDO partner for projects on Genpad 🚀
Genesis Shards is pleased to partner with cross-chain IDO platform, Red Kite. Through this partnership :
- Projects in the Genshards pre-IDO ecosystem would be able to launch upstream via IDO on Red Kite and derive benefits out of Red Kite’s incubation network.
- Projects on Red Kite can gain access to pre-IDO liquidity through wrapped NFTs on Genesis Shards via Gen Tickets and access benefits of the Genesis Shards’s comprehensive network of strategic partners including access, ecosystem and mentor partners.
Red Kite is PolkaFoundry’s proprietary cross-chain IDO platform. Red Kite supports both Ethereum and BSC pools, and is testing Polkadot pools on PolkaFoundry testnet to become the first launchpad on Polkadot, with flexible pool types and whitelist conditions.Red Kite hand-picks projects cautiously, scrutinizing and verifying the project team’s origin and legitimacy, innovation of idea, and their capacity to execute their vision.
The bot system on the platform automatically monitors participants’ behavior to set reputation points for each participant based on their actions. The reputation mechanism moderates a participant’s tier and their ability to participate in upcoming launches. Red Kite also supports crowd loan campaigns for projects to collect KSM and DOT tokens effectively for winning auctions.
📌 Through this partnership, projects on Red Kite will be able to access pre-IDO liquidity through Genticket NFTs via GS GenTickets on the GenShards platform. They will also be able to access Genesis Shards’ high quality partner network consisting of access, ecosystem and mentor partners.
📌 Projects on Genesis Shards will be able to explore upstream IDO opportunities on Red Kite and gain access to Red Kite’s support network
More than 25 high-quality access, ecosystem & network partners have already placed their trust in GS and the network continues to grow each day! Keep an eye out for this space with a plethora of launches,partnerships and other exciting announcements lined up for the season.
“ We are glad to have Red Kite as an upstream IDO partner for Genshards. Red Kite will be the first IDO platform on Polkadot with flexible pool types and whitelist conditions. Projects launching on Red Kite will be able to tap into Genesis Shards’ pre-IDO liquidity solutions and tap into the growing ecosystem on the Genshards platform”
- Nilotpal Mukherjee, Genesis Shards Co-founder
“ This partnership with Genesis Shards will enable our projects to tap into the unique pre-IDO liquidity market.This partnership adds to our previous partnership & empowers projects on Red Kite to access high-quality resources and support through Genesis Shards’s strategic partner network. We look forward to exploring further areas of collaboration between PolkaFoundry and Genesis Shards”
- Thi Truong, PolkaFoundry CEO
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About Red Kite
Red Kite is a cutting-edge launchpad powered by PolkaFoundry as part of the growing $PKF ecosystem. It solves two major problems of early-stage projects: limited marketing and lack of investors due to fraud concerns. Projects on Red Kite are carefully hand-picked through a vetting process that considers everything from the project teams’ origin to legitimacy and execution capability. These projects are also supported by a network of our tier-1 marketing partners, top influencers, and interactive communities to help them soar.
PolkaFoundry’s official groups and channels -
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.
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