Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
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 t
Go to Source to See Full Article
Author: Dalmas Ngetich