As the cryptocurrency space grows in popularity, more people are becoming interested in making investments. Black Ocean, a liquidity-providing platform incubated by the high-frequency quantitative trading institution VRM, is launching what it calls the CeDeFi launchpad, where innovative projects can build a strong community, raise funds and achieve liquidity in a simple, secure and transparent way.
Black Ocean’s goal is to attract projects and investors to help get accurate information and a transparent mechanism to invest.
Black Ocean has engineered the new global platform to utilizes blockchain technology. The solution provides FLy token holders (native token of the VRM ecosystem) and retail investors with an opportunity to maximize profits by allowing its members to purchase IDO with a high token rating at discounted prices, similar to pre-seed and seed institutional rounds.
What benefits do FLy token holders enjoy?
100% of the promo (airdrop) coins from projects will be distributed among FLy token holders and 90% of IDO coins will be allocated to be purchased by FLy token holders.
IDO coins – initial dex offerings – are tokens that can be hosted on an exchange and can represent the value of any underlying asset. Projects typically launch IDOs via decentalised exchanges. This can be anything from a cryptocurrency to a piece of music. They are often used by companies to raise money from individual investors rather than going to venture capital funds or angel investor networks,
FLy token holders enjoy a special price to purchase coins that is 5-10% lower than the market price of an IDO.
Black Ocean says it is also aiming to help good projects raise capital, boost PR and media coverage, and increase their communities using the FLy and Black Ocean societies. Thus, it serves as a Decentralized Affiliate Platform for IDOs to raise funds seamlessly, and allows affiliates to directly communicate with others.
How Black Ocean works
Black Ocean gathers projects from the market and from its network of institutional investors. If a project is qualified, has been invested by famous VCs, has a good reputation and market potential, this project can have IDO on the Black Ocean launchpad platform.
Once the project is approved for launch on the launchpad, it provides Black Ocean with tokens for IDO. Community members can then place bids for amounts that they want to invest.
Based on the bids, Black Ocean computes and announces the amount of allocation for each participant. This is followed by an autonomous process where a confirmed amount of funds are sent to the IDO (project) and project tokens are distributed among the participants.
Black Ocean says it is looking for early supporters who can help grow the ecosystem from scratch, and it has developed a computation system that rewards early users of the platform, but doesn’t create high entry barriers for late comers.
Black Oceans’ Launchpad is designed to provide projects with community-driven value. It will be a members-only platform with a unique GPP (Group purchasing power). Black Ocean says it is bringing cryptocurrencies to the masses using its blockchain-based universe for trading, investing and educating.
This also allows the platform to increase the number of token holders and creates an initial community around the project by allowing innovative project creators and like-minded individuals to come together to connect and grow the ecosystem.
