How an INO platform can be a game-changer in fundraising?
Author INO Crowdfunding Platform, NFT Development
Non-Fungible Tokens (NFTs) have witnessed a surge in prices and trading volume in recent times. The market cap of crypto-collectibles is a whopping $18.54 billion along with a daily trading volume of $4.43 billion according to data provided by CoinMarketCap.com.
While Initial Coin Offerings (ICOs) and Initial Exchange Offerings (IEOs) used to be the two popular methods of fundraising for crypto startups, the newest fundraising mechanism in the market has been Initial NFT Offerings (INOs). This is because of more attention being given by institutional and retail investors in purchasing valuable digital collectibles.
What does an INO imply?
A certain number of NFTs will be sold to prospective investors through a public sale event for a limited period. The value of the crypto-collectibles is backed by a native cryptocurrency token of a well-known Decentralized Finance (DeFi) platform. The Non-Fungible Tokens (NFTs) will be burned by investors after some time to release the crypto token locked inside the smart contract.
The NFTs sold in the crowdsale event will represent different kinds of artwork, games, fashion accessories, metaverses, music, photographs, and videos.
Let us know the significance of an INO Crowdfunding Platform
In the last few years, the crypto industry has seen the emergence of numerous Initial Coin Offering (ICO) platforms. These platforms take care of different activities like conducting Know Your Customer (KYC) and Anti-Money Laundering (AML) verification of investors, following the guidelines and rules issued by the regulatory authorities, processing of payments, and providing technical support to investors.
They will help the entrepreneurs to successfully achieve the target for the hard cap (maximum amount of funds) and soft cap (minimum amount of funds). This will ensure the perfect fulfilment of all the business objectives planned for the project.
An Initial NFT Offering (INO) platform is multi-chain compatible and helps projects of entrepreneurs to get sufficient liquidity in the crypto market. The trading of NFTs is done through a Decentralized Exchange (DEX). The investors can purchase the digital collectibles, burn them after a specific duration, and release the native crypto token.
Interested investors can buy the crypto token issued by the INO platform from the leading asset management platforms, cryptocurrency exchanges, and DeFi platforms.
What are the different benefits offered by an incredible INO platform?
- Increased returns for the NFT holders – as they will benefit if there is a rise in the price and trading volume of the crypto tokens.
- Investors can purchase NFTs easily – through the concept of fractional ownership, where they own a certain percentage of the digital collectible. This is advantageous for retail investors as they can invest low amounts to buy the crypto collectibles without facing any risk.
- Since the Initial NFT Offering (INO) platform uses – a Decentralized Exchange (DEX), the transaction fees are very low since there are no intermediaries involved in the trading of assets.
- The investors can multiply their returns by staking – their crypto assets for a specific period. For example, Torum, a social media platform based on DEFi and NFTs conducted a successful INO recently. Investors were able to increase their returns by 1.05 to 1.25 times through staking after unlocking the native crypto token (XTM).
- Interest on loans is also provided to investors – as an extra source of income. They will lend their crypto assets to borrowers for a certain time.
Get a huge competitive edge by kickstarting INO platform development
Connect on WhatsApp Understanding how Mochi Market, an INO Platform functions?
It offers a native crypto token $MOMA for sale to investors. The participants in the Initial NFT Offering (INO) can purchase the $MOMA token from Cryptocurrency exchanges like BitMart and Gate.io and DeFI platforms such as PancakeSwap and Uniswap.
Investors boost their returns through Liquidity Farming where the $MOMO crypto token is deposited in WalletConnect for 6 months. The $MOMA token can also be converted to Ether (ETH). The investors earn a huge annual return of 974.4%.
The Mochi Market that has issued the $MOMA crypto token has made it compatible with both the Binance Smart Chain (BSC) and Ethereum blockchain networks. The $MOMA token also provides decision-making powers and voting rights for the holders.
What are the different components of an Initial NFT Offering (INO) like Mochi Market?
A Launchpad – It will help numerous artists, content creators, game developers, lyricists, and musicians to sell their precious NFTs to a global audience easily. The buyers can purchase crypto collectibles through fractional ownership.
Investors get exclusive access to the INO sales of the leading NFT projects. The Launchpad assists in the smooth execution of crowdfunding campaigns by attracting millions of investors.
A Peer-to-Peer (P2P) Marketplace – Investors can quickly buy, sell, and borrow any number of Non-Fungible Tokens by registering on the P2P marketplace. The buyers of NFTs need not pay any brokerage/commission as there are no middlemen in the online platform.
A Decentralized Exchange (DEX) – The DEX is based on the concept of Automated Market Maker (AMM). The investors deposit their cryptocurrency holdings in a Liquidity Pool (LP) for a certain period. The pool of funds is maintained by experienced Liquidity Providers (LPs).
The assets are priced based on advanced mathematical algorithms without depending on a traditional order book used by a Centralized Exchange (CEX). In case there are frequent changes in the ratio of assets, the LPs will hold the crypto tokens securely as an alternative to adding funds to the liquidity pool
An INO platform will help investors to seamlessly exchange Fungible Tokens and Non-Fungible Tokens (NFTs) on the inbuilt blockchain network or various blockchain networks through cross-chain compatibility.
A growth-oriented Earnings Program – Investors can rapidly increase their returns by participating in different staking and yield farming programs. Since there is high liquidity for NFTs, investors get a good source of passive income.
A valuable Rewards System – Investors benefit immensely from the Rewards system on the Initial NFT Offering (INO) platform. They will get free NFTs through airdrops, a commission for every referral, discounts on trading fees and transaction charges, and prizes through lotteries.
Integration with several NFT marketplaces – The INO platform can be seamlessly integrated with popular NFT marketplaces like Axie Infinity, CryptoPunks, Decentraland, NBA Top Shot, OpenSea, Rarible, Sorare, and many more.
Why choose AppDupe’s high-quality services for INO platform development?
With a well-versed team of blockchain and cryptocurrency developers along with experts related to DeFi and NFTs, we can implement the INO fundraising campaign of entrepreneurs successfully in the market. The INO can be launched in the crypto industry in just a few days after compliance with all the regulations.
We also offer various services like the creation of ERC-721 and ERC-1155 compatible NFTs, and integration with different digital wallets like Coinbase, Dapper, Fortmatic, MetaMask, MyEtherWallet, Portis, Torus, and WalletConnect.
Our talented team can easily integrate the INO platform with numerous NFT marketplaces such as Foundation, GhostMarket, Gods Unchained, Momint, Nifty Gateway, Solible, SuperRare, The Sandbox, and Xcad Network.
We will implement aggressive promotional campaigns across email, online crypto forums, and social media networks to ensure positive buzz for the entrepreneur’s INO. The benefits of the crowdfunding campaign will be shared with prospective investors.
The Initial NFT Offering (INO) platform designed by AppDupe is cross-chain compatible. It supports multiple blockchain networks like Cardano, EOS, Ethereum, Flow, Polkadot, Solana, and TRON.
Wrapping Up
Just like how Initial Coin Offerings (ICOs) made a storm in the market in 2017 raising several billions of dollars of funds, Initial NFT Offerings (INOs) can make a big impact in 2021. There are a whopping 707,010 unique crypto-collectibles in the market according to CoinRanking.com. This indicates that there is a strong NFT ecosystem.
Entrepreneurs can thrive in the crypto industry by teaming up with AppDupe for impressive INO platform development. They will execute numerous crowdfunding campaigns with ease.
Break new records in the market with the creation of an INO platform
Marketing is my soul mate and writing is my side kick. Using my writing skills to share the knowledge of app development and upcoming technologies.
