Upcoming blockchain startups to receive much-needed support thanks to the dual launch of the LuaStarter and LuaVentures platforms from TomoChain (TOMO).
The LuaStarter and LuaVentures platforms are both a multi-chain IDO launchpad and a capital investment arm, respectively. According to an official press release from TomoChain (TOMO) shared with Altcoin Buzz, both platforms will support legitimate blockchain startups. Providing them with funding and technical support needed to navigate the hurdles of setting up a successful project.
TomoChain | LuaSwap | LuaStarter
LuaStarter is the first-ever multi-chain fundraising and IDO platform built on TomoChain’s LuaSwap. In line with this, LuaStarter will serve as a ready-made IDO platform for blockchain startups. Therefore, providing them with the opportunity to carry out a transparent, reliable, secure, hitch-free, and effective public launch. Essentially, this means that blockchain startups will be able to securely raise funds simultaneously in either single or multiple blockchains.
LuaStarter will also expose these blockchain startups to TomoChain’s large user base. Therefore, boosting awareness and also the adoption of these blockchain startups.
The recently launched IDO platform currently operates on popular blockchain platforms Ethereum and TomoChain (TOMO).
Apart from providing startups with much-needed support for their IDO, LuaStarter will also ensure investors enjoy a seamless user experience. The IDO platform will also help boost interested investors’ confidence in the legitimacy of the startup projects. To achieve this, TomoChain’s LuaSwap has put in place a credible and effective selection process. The process is well-crafted to ensure that only viable projects are selected to be launched on LuaSwap.
The LuaStarter IDO launchpad makes use of an ingenious model dubbed the Tier Guaranteed System (TGS). Interested persons invest in projects on LuaStarter by simply holding either TOMO, TOMOE, or LUA native tokens.
LuaVentures, on the other hand, is the investment arm of TomoChain Labs. Its launch will furthermore help provide LuaSwap projects with financial support.
Thanks to LuaVentures, these startups can easily acquire seed funding alongside several other financial support means they might need. The capital investment platform was specially designed to meet the needs of blockchain and crypto startups. LuaVentures is currently led by TomoChain and a host of other top partners.
Now, LuaSwap projects will have access to a myriad of features, such as pooling, swapping, portfolio management, limit order, etc. The launch of LuaStarter and LuaVentures is also an indicator of TomoChain’s continued focus on facilitating growth and development in the blockchain and crypto space.
At the time of publication, TOMO was trading at $2.92 with a market cap of $244,130,182 and a 24-hour trading volume of $11,454,824. The token price is also up by 4.4% in the last 24 hours.
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