An interesting development is occurring in cryptocurrency’s launchpad sector. Kusama based launchpad, KSM Stater, will be expanding to several more blockchains and rebranding to Karus Starter.
Beyond Ethereum, Karus Starter’s domain will also include Binance Smart Chain, Polygon, Heco,Avalanche, Moonriver and native Substrate. The team declares that it is dedicated to fostering growth and innovation on Kusama, but taking the lead from the demands of the community, wants to expand to be able to offer opportunities on other promising chains.
The current KSM Starter community has apparently been pushing for IDO access and the many opportunities on other chains, so the team is now launching several $KST token bridges to support upcoming new IDO projects in both popular and new alternative ecosystems.
Everyone involved, most especially the Karus Starter team, are optimistic because the expansion to new blockchains allows Karus Starter to become more encompassing, and to position itself to lead in a significantly bigger pool of investment, furthering innovation wherever the need arises. According to CEO Siwon Kim, “this important pivot and expansion will lead to a future in which Karus Starter will become a one-stop shop experience for IDOs”.
From information gathered from interviews with the team, the intention behind expansion and creating token bridges to other blockchain ecosystems is to give more value to the community by providing a significantly wider stock of IDO offerings. If one thing is clear, it’s that the Karus Starter team has heard the community in their requests, and is showing incredible adaptivity in adjusting the platform to better reflect the interest of token holders.
Those who are passionate about launchpads and IDOs will be sure to closely monitor for more information on Karus Starter’s official social pages, as Siwon and his team announces token launches on other blockchains closer to their rollouts. The excitement for the road ahead in 2022 is contagious, as Karus Starter’s greater multi chain community is beginning to come into view as the year progresses.
To many who have been excitedly watching the development of KSM Starter since its launch, the pivot to Karus Starter signals a future more aligned with greater goals, and beckons the community forward to a significantly wider variety of opportunities.
About Karus Starter
Karus Starter, an innovative multi chain launchpad, is built to provide early-stage support and public funding for projects building on Substrate and beyond. Karus Starter’s incubator-modeled launchpad is driven by the community and shared values of fairness, transparency, and decentralized organization. Unique to the KST ecosystem, community members are incentivized to participate in the pre IDO selection process through higher allocation rewards. Also unique to Karus Starter, collaboration is fostered among launched projects by incentivizing community members to support previous launches by awarding them with improved lottery odds. This along with the KST Ecosystem Council generates a synergistic network effect that empowers all projects to succeed and leave a lasting impact across blockchains.Website | Twitter | Telegram Community | Telegram Announcement