Hi Everyone. Welcome to another BeInCrypto AMA Session.
Today we have Stephen (@Stephen_CLA) who is a community manager of CeloLaunch, the first DeFi launchpad on the Celo network.
BeInCrypto (BIC): Community, here is how things will work. I’ll have 10 questions for him. After that, he will pick up 5 out of all the questions you asked before the session. Good luck to you all!
(This AMA has been edited for clarity.)
BIC: I would like to ask you something general to kick things off, so please provide some feedback on what the team had in mind by the time they decided to create CeloLaunch, I mean, in terms of ideas, references, etc.
Stephen (STE): By the time we decide to make Celo Launch, we have recognized the potential of Celo network in the future when many projects can apply it in their operation. Furthermore, the demand for investment in the cryptocurrency field is getting larger with capitalization that can be considered to reach $15,6 billion in 2025. That’s why we want to construct an autonomous launchpad that provides a constantly expanding set of decentralized services by offering revolutionary, flexible technology to add value to the DeFi industry as a whole.
BIC: You call yourselves ‘The First DeFi Launchpad on CELO Network’. Could you please shortly describe the main reason why you selected this network?
STE: According to the market research, we found out that there are no launchpads operating on Celo, while the demand for the launchpad on this network is quite huge. Since as you know Celo network has some advantageous prosperities and in the near future, the demand for new projects to have a launchpad for this network will explode. That’s why we will be there and be the ones to help thriving start-up projects with DEFI characteristics.
BIC: I see. We can note there are some killer features on CeloLaunch like an IDO platform, as well as a new approach in terms of liquidity lockers and token vesting. Would you mind talking a little bit more about each one of them?
STE: For us, we have 6 features in total and all are the highlight functions of CeloLaunch. IDO platform will be the high spot when it can help projects to fundraise for their private round. Our system lets you start your own product on CELO Network as a token developer. We are also seeking a variety of third-party reviewers who can evaluate various parts of your product. Utilizing our technology as an incubator to launch your own incubated ideas on CeloLaunch. Investors are welcome to look over the most recent initiatives, carefully read reports from outside sources, and conduct their own due diligence before engaging in any type of participation.
Liquidity lockers and token vesting are both the profit-potential features that can return back the investor a high-interest rate. CeloLaunch Team is glad to say that we pioneered this notion in which we provide automatic liquidity lockers for project developers to employ as a security feature to lock their liquidity provider tokens. Meanwhile, Vesting Feature is available to project owners and early adopters as a stand-alone service that connects with our in-house platform, where wallets holding tokens are shown in a different UI allowing investors to review it more quickly.
BIC: Thanks! Also, what does CeloLaunch offer when it comes to Farming, Staking, and AMM?
STE: For Farming, any cryptocurrency or token must establish market depth and stimulate liquidity. The farming feature provides project developers a method to reward their community by setting up a farming vault that pays liquidity providers with their own tokens. Following that, investors can use CeloLaunch to search for startups that interest them and give liquidity to those pairs.
About staking, CeloLaunch provides a service for sustainable projects that are always seeking ways to reward their communities, such as generating staking contracts that encourage investors to take advantage of the benefits provided by their favorite startups.
Lastly, CeloLaunch provides a service for sustainable projects that are always seeking ways to reward their communities, such as generating staking contracts that encourage investors to take advantage of the benefits provided by their favorite startups.
BIC: Partnerships are an essential part of the whole strategy for any project. Can you please name some of the latest partnerships you guys made? What about the importance of them and what do you expect to get from them aiming for CeloLaunch’s growth?
STE: We have collaborated with Certik for audit and there will be more giant partners that will collaborate with CeloLaunch as our roadmap stated. To have the collaboration, we need to go through 3 to 4 rounds for safety issues and discussion then we will consider one more time finally for collaborating decisions – which must rely on “Credence” at most bases. For that, all the partners collaborating with us can be seen as famous, well-reputed, and trustworthy for investors to invest in. So please stay tuned since we always want to deliver the best value to our community and be transparent to the cryptocurrency field in support of long-term sustainable growth.
BIC: Cool. It’s time to introduce your native token to our community! What do you have to say about $cLA in terms of tokenomics and how does it fit within your ecosystem?
STE: About our token, its name is celoLaunch (symbol: cLA)
Chain: Celo Network
For $cLA, It is important to keep in mind that CELOLAUNCH tokenomics are built with the idea of creating long-term value. Great things take time to develop properly, and long-term commitment from the team is required for success. For tokenomics, you can refer to our website at “Documents” since we have designed an appropriate tokenomics to stabilize the liquidity and bolster up the ecosystem
BIC: Several projects currently use some strategies to maximize the number of holders. What are some of the benefits for those ones who hold your tokens?
STE: For our token, “High liquidity – Valuable – Real interest” would differentiate our tokens among several other projects out there. With CeloLaunch, if you own CeloLaunch tokens ($cLA), you will have the opportunity to participate in any projects on CeloLaunch, with the possibility of one of them being a “unicorn business.”
BIC: Are you planning your Token Public Launch anytime soon? What’s the current status? I bet some of our members are curious about how to purchase them right now.
STE: We are planning for this and please do subscribe and follow our social media channels for frequent and timely updates. It will trigger your pleasantness, I promise. Meanwhile, CeloLaunch is on Private Sale Round and will hold an airdrop campaign for the community in the next few days. Follow us to stay up to date with the latest news and stand a chance to own a free cLA. There are various interesting things coming. Stay tuned and keep your eyes out!
BIC: Great! What do enthusiasts/investors can expect when it comes to future plans aka roadmap? What do you have in mind for CeloLaunch in the next few weeks or months?
STE: CeloLaunch has prepared thorough and clear plans according to each stage of the project’s development as the roadmap notified. We are also trying our best untiringly to implement the future plans. But first, in the near time we will focus on improving our technological aspect of marketing and boost up activities to cooperate for the launch of the project combined with many clear communication strategies in cooperation with partners, VCs, KOLs, press media (Bloomberg, Yahoo, …), AMA, build community, airdrop, etc.
We are motivated by a strong desire to help others and we’re looking forward to the positive behavior from our community that sets us apart. We believe community is the key part of this new economy — what we call “community-based economy” so we indeed put a lot of effort not only to keep our community informed about our progress but also to allow active participation.
BIC: Awesome, that’s it. I’m quite sure we’ve covered all the main topics today. Could you please share all the links to your Social Media channels so that our community can get to know CeloLaunch a little better?
STE: Yes, thanks for your interest. You can follow us on:
Website | Twitter | Chat | News | Docs | Blog | Medium | Pitch Deck | GitHub | Contract | CoinMarketCap |
Community Questions
Community (COM): The security of a project plays a vital role so what are your safety measures adopted from hacking and bugs? Have you performed an Audit?
STE: Initially, we are aware that security is always the top priority for all projects and especially for the launchpad like us. Thus, at the beginning time of doing the project, we had contacted Certik to have an audit walkthrough and the results had come out which you can check via this link.
We hope that this answer can enhance the trust of you guys in the CeloLaunch project. The development team promises to always try to do everything to make the platform be transparent, private, and reliable.
BIC: Where are your tokens listed? Have you completed listings in Coingecko and CMC?
STE: CeloLaunch token (cLA) is listed on CoinMarketCap.
After our Private and Public Sale, cLa will be listed on our DEX for trading.
Marketing strategy is very important. What are your marketing and promotion plans?
STE: CeloLaunch has prepared thorough and clear marketing plans according to each stage of the project’s development.
We are also trying our best to implement marketing activities to cooperate for the launch of the project combined with many clear communication strategies. For example, cooperation with partners, VCs, KOLs, press media (Bloomberg, Yahoo, …), AMA, building community, airdrop, etc.
We believe community is the key part of this new economy — what we call “community-based economy” so we indeed put a lot of effort not only to keep our community informed about our progress but also to allow active participation.
It is a very interesting project. How can you help me if I want to invest in your project?
STE: CeloLaunch Private Sale Round is opening with more than 2500 registrations – which made us impressed. The private allocation was regulated from Minimum – $15,000 to Maximum- $200,000.
In a private sale, CeloLaunch was currently focusing efforts not only on development but also on identifying and cooperating with more partners. You can refer to our telegram group to check the private round:
Can you sum up the project and list some of the best key features you implemented and developed in your project?
STE: Our ecosystem is diversified, I will summarize briefly that there are 6 functions.
1. Automated Market Maker:
Automated Market Maker (AMM) is one of the most important parts of the DeFi ecosystem allowing digital assets to be traded in an automatic way without permission by using liquidity pools rather than a traditional market of buyers and sellers. Users can trade Celo Launch or any other tokens running in Celo Network on CLaunchSwap via our own router.
2. Launchpad:
Our system lets you start your own product on Celo Network as a token developer. We are also seeking a variety of third-party reviewers who can evaluate various parts of your product. Utilizing our technology as an incubator to launch your own incubated ideas on CeloLaunch. Investors are welcome to look over the most recent initiatives, carefully read reports from outside sources, and conduct their own due diligence before engaging in any type of participation.
3. Liquidity Lockers:
In the DeFi area, “locking liquidity” has become the norm and “rug pull” is the most feared term that no investors would like to encounter. CeloLaunch Team is glad to say that we pioneered this notion in which we provide automatic liquidity lockers for project developers to employ as a security feature to lock their liquidity provider tokens.
4. Vesting:
Vesting Feature is available to project owners and early adopters as a stand-alone service that connects with our in-house platform, where wallets holding tokens are shown in a different UI allowing investors to review it more quickly.
5. Farming:
Any cryptocurrency or token must establish market depth and stimulate liquidity. The farming feature provides project developers a method to reward their community by setting up a farming vault that pays liquidity providers with their own tokens. Following that, investors can use CeloLaunch to search for startups that interest them and give liquidity to those pairs.
6. Staking:
CeloLaunch provides a service for sustainable projects that are always seeking ways to reward their communities, such as generating staking contracts that encourage investors to take advantage of the benefits provided by their favorite startups.
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