The decentralized venture capital organization is reconsidering the launched IDO platform that has been oversubscribed and is betting that the points system will create a fairer platform for selling tokens.

DuckDAO’s early open investment approach faces a common problem with preventing the initial sale of tokens on decentralized exchanges (DEXs): there is something called too open, at least when it comes to IDO-is.

When DEX Initial Offers (IDOs) proved to be a viable and less expensive alternative to Initial Exchange Offers (IEOs) operated by centralized exchanges offering expert assistance, marketing solutions and robust research reliability for very high fees – smaller crypto companies and potential investors accrued…

IDO launch ramps such as DuckDAO’s DuckSTARTER have grown due to the need to replicate some IEO services at a much lower cost. But like other launchers, DuckSTARTER soon discovered that it was more than full of famous IDOs. It is not enough to buy limits, a waiting system, a lottery, and asking buyers to block their original DUCK tokens.

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DuckDAO co-founder Lucas Ziegler described IDOs focused on increasing investors as “the future of fundraising,” noting that “competition has made it difficult for investors to secure funds.”

With the new registration system and IDO reimbursable features, Lucas said, “we hope to change that” by making IDO DuckSTARTERS “fairer and more permissive.”

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While DuckSTARTER is still fine-tuning, the goal is to “ensure that users who fail to secure a place in one IDO have a better chance of getting into the next, and so forth, by awarding points for every bad IDO.”

“Users will end up with an almost guaranteed slot machine in IDO later,” DuckSTARTER said, after losing several times in a row.

This is important for DuckDAO, which aims to provide “really fair early access to promising crypto companies” with DuckSTARTER.

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DuckDAO calls itself the “first community-led incubator,” and it focuses on building long-term partnerships with the companies it invests in. This is divided into three levels: the nursery, which provides a wide range of marketing and consulting services until the project code is available. included; Strategic input that includes support for a social media strategy; and Public Contribution, which focuses on managing OTC sales and community inquiries.

While venture capital as a decentralized autonomous organization (DAO) remains DuckDAO at its core, the organization believes it has moved beyond that to become a cornerstone of the decentralized aggregation area, in large part due to its rapidly growing ecosystem. …

Along with DuckSTARTER, which includes DuckBRIDGE, which allows parties – as DuckDAO invites community members – to send tokens between Ethereum (ETH) and the faster and cheaper Binance Smart Chain (BSC), with other chains added as needed.

Other members of the ecosystem include DuckFARM, which spans across various production projects with the DUCK token in Duck Liquidity Pools, and DuckHUNTERS, an NFT fundraising game.

They all use one of two distinct DuckDAO tokens: DUCK and DuckDAODime (DDIM). The DUCK token is used to participate in DuckSTARTER, as well as various earning opportunities on DuckFARM.

DDIM is collected from partner projects and distributed to DuckDAO members. A certain amount is required to become part of the four DuckDAO member groups – from 10 DDIMs for Duck Fightclub to 10,000 DDIMs for Diamond Club. The top 10 token holders become members of the Duck Allstars Club with different management positions.

Source: CoinTelegraph