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The Cosmos ecosystem has been gaining traction of late, partly due to its community’s decision to slash the inflation rate cap from 20% to 10% but also due to the growing adoption of DYDX, Celestia, and Kuji. Native issuance of USD Coin (USDC) via Noble and CCTP built on a Cosmos SDK chain has benefited the ecosystem.
One beneficiary of growing interest in Cosmos could be Eclipse Fi, a multi-chain token launch protocol seeking to restore the reputation of a genre notorious for unfair allocations and pump-and-dump schemes.
It aims to become the leading launch platform for the Cosmos ecosystem and up-and-coming EVM layer-2s. Thankfully, its aspirations are backed by features that address the industry’s shortcomings.
Its strong ties with Cosmos-based decentralized exchange Astroport and its support from a network of venture capitals (VS) and key opinion leaders (KOLs) also increase its odds of becoming the go-to token launchpad for Cosmos projects.
Restoring trust in token launches
Eclipse Fi is designed to align long-term users with viable projects instead of setting the scene for savvy traders to jump the allocation queue and dump on unsuspecting retailers.
By utilizing smart accounts and a cross-chain architecture, the launchpad ensures that user onboarding and cross-chain launches are seamless and intuitive, mirroring the user experience of web2 applications.
The crypto world has long been blighted by questionable token launch practices, where active community members find themselves inadequately incentivized.
Worse still, many launchpads provide projects with weak fundamentals and cynical tokenomics with a veneer of undeserved credibility, leading to community disillusionment and industry-wide reputational damage.
Eclipse Fi wants to restore the reputation of the entire token launch experience to ensure equitable, value-driven token distribution while strategically putting tokens in the hands of mindshare communities.
It aims to achieve this by leveraging several innovative features:
- Privacy-preserving KYC: Eclipse Fi is the first platform to offer anonymous know-your-customer (KYC) and privacy-preserving AML, ensuring user anonymity and security when onboarding. Anonymous KYC is achieved by implementing Zk-proof tech, allowing anti-KYC user bases to participate in token launches.
- Smart accounts: The platform’s smart accounts will provide an intuitive flow, making the transition from web2 apps to blockchain-based counterparts smooth. The process will be as easy as an ecommerce transaction currently seen in web2.
- Modular toolkit for customizable launches: Eclipse Fi’s versatile token launch toolkit supports multiple launch modes tailored to align with community interests and projects, including IDOs, lockdrops, LBPs, DAICO, and auctions. Projects can utilize more customizability while aligning their communities.
- On- and off-chain reputation system: This novel system enables community members to secure token allocations or boost their prospects of receiving tokens commensurate with their active contributions, leading to a more engaged and motivated community.
- Comprehensive due diligence: A rigorous DD process ensures only projects with rock-solid fundamentals make it to the launch stage.
- Cross-chain functionality: Users don’t have to switch networks to participate in launches, making the platform accessible to a broader audience. The goal is to make the onboarding and user experience as easy as possible for novice users, which is still lacking in many token launches.
Eclipse Fi is currently gearing up to launch and distribute its native ECLIP token and the arrival of its maiden project, Stabble, a cross-chain decentralized finance (defi) hub set to debut in early 2024.
While this milestone will begin a series of ventures on the platform, Eclipse Fi is also moving towards a DAO structure and community governance, emphasizing its commitment to decentralization and community-led decision-making.
Setting a new standard
Eclipse Fi aims to set a new standard for how token launches should be conducted in the first place.
By prioritizing user experience, fairness, transparency, and community engagement, the platform is dedicated to supporting the launch of more meaningful web3 projects, fostering a healthier and more sustainable defi ecosystem.
If this new model of token launches leads to fewer retail users getting fleeced, Eclipse Fi will become a major player in the crowded web3 launchpad landscape.
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