Avalaunch seeks to be the first protocol, built exclusively for the Avalanche ecosystem, to offer promising and innovative projects a fast, secure and efficient platform for fundraising in a decentralized and permissionless fashion.
Initial Decentralized Exchange Offerings (IDOs) saw great interest from inception during the DeFi boom of Q2, mirroring the ICO mania of 2017. While the hyper-speculative ICO phenomena was followed by a commensurate crash and burn, the IDO has risen once more. Largely gone are the costly entries to the centralized parties; replaced by a permissionless issuance with low barriers to entry. Projects arrive more mature, hard caps are in the stratosphere and though token generating events are trending, emergent market like DeFi are here to stay. Still, IDOs are not void of challenges nor impervious to problems.