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Instaraise
Instaraise is a first-ever decentralized Initial DEX Offering ( IDO ) platform built on top of Tezos.
How can projects use Instaraise?
The platform allows token-based projects in Tezos to raise funds by setting up a swap pool based on a fixed purchase rate for tokens. These so-called “Fixed Swap Pools” have many advantages for token sale investors over traditional fundraising models like ICOs, IEOs, and IDOs (Initial DEX Offerings). Fixed Swap Pools will maintain the token price throughout the sale until the initial supply is bought.
With Instaraise, Tezos projects will be able to raise and exchange capital cheap and fast, and users will be able to participate in a secure and compliant environment. Instant liquidity provisioning ( in Quipuswap ) is facilitated in a very secure manner with our Smart Contracts.
Towards decentralized future of pre-sale facilitation:
Anyone can use our pre-sale Infrastructure and use the owner console to start their presale with the help of our verified Smart Contracts.
Our presale facilitation console will be very configurable from the project owners' perspective.
But, only explicitly whitelisted Pools will be listed in our platform for the IDO Facilitation with our UI. Explicit whitelisting takes time and proper due diligence from our side to make sure the project is verified and KYC'ed properly.
We believe in empowering projects by helping them to strategize and bring more visibility to the Tezos ecosystem.
Providing the Explicitly whitelisted projects a go-to presale strategy for crafting their sale params and do a successful presale.
What are Instaraise use cases?
Startups and projects can raise funds with pre-sales on a decentralized and interoperable infrastructure.
Our Infra can be used by any project owner for facilitating a pre=sale in the most secure way possible ( An explicit whitelisting is needed to get listed in our platform )
On-Chain transparency of the Liquidity Locking details to make sure Rug Pull never happens.
We use Fixed Swap Pools to maintain the price throughout the sale for everyone.
We believe in incentivization schemes that give the project investors an extra edge to get more benefits out of our platform.
Along with the pre-sale facilitation, with our utility token, we make sure we get more benefits to the users, such as;
Liquidity Mining
LP Staking Rewards in terms of $INSTA tokens
Discounted sales with whitelisted addresses.
Staking rewards.
Participation-based Airdrops.
We bring innovation with the pre-sales both in technical as well as economical terms making the more secure and incentivized possible
Problem's Instaraise is trying to solve
Currently, there are no Incubation & fundraising platforms on the tezos platform and the defi product release ecosystem has started taking place with this a lot of projects would look for an opportunity to raise funds.
Rugpull scams (where a seller steals money from a presale and runs) are rampant and can cost the community tens of millions of dollars.
Presales are risky for investors because they have no promise or guarantee that bad actors will not steal their funds or liquidity pulled.
There is no platform that ensures the liquidity locking for a particular provider in an autonomous manner.
Instaraise to rescue ⛑
The low gas fee and an ever-supportive ecosystem have brought in a lot of traction for Defi development on Tezos. Instaraise provides a platform for defi products on the tezos chain to raise capital via token presale.
Eliminating rug pulls. Rug pulls make Defi less secure, often done through removing liquidity, rendering the token worth useless. The Instaraise presale platform will fix this problem via liquidity locking. These current manual measures are made automated and trustless via Instaraise's smart contracts. They are rendering liquidity pulling useless for bad actors.
A genuine problem with how presales work in crypto is that influencers, venture capitalists, and well-connected people receive allocations for private/presales. This often makes casual investors and proletariats miss out on early investments. Instaraise will give holders and stakers the token priority by using “Pool Weight Score,” allowing retail investors to partake.
Instaraise's IDO platform is completely decentralized and open to all. This means any investors big or small can come and invest in the pool. The distribution and locking of the tokens would be on a first come first serve basis and completely decentralized, making the platform trustless.
Understanding Fixed Swap Pool
What is a Fixed Swap Pool?
Instaraise will allow projects to list at a fixed price, which will be maintained for as long as there are tokens remaining in the original supply. This should ensure less volatility around a token launch.
It also allows a project and its investors increased transparency over the amount of money raised and tokens sold. This data is not as easily calculable when the tokens sold vary greatly with price volatility.
How Liquidity Pools work in AMM Swap Platforms
A liquidity pool offers users liquidity at any price level. This property is a valuable benefit for projects seeking immediate liquidity for their project’s token. When the token has yet to go through an extended price discovery phase, it is really anyone’s guess as to its value. Thus, when a project creates a new liquidity pair for its protocol token, the initial price swings can be quite volatile, especially when there is less than $100,000 of value in the pool.
Each time a user swaps a token with the liquidity pool, the pool’s balance ratio shifts. Let’s say we have a pool that allows you to swap watermelons for grapes. The current rate for swapping watermelons for grapes is one against seven. At the moment, the pool holds 12 watermelons and 80 grapes.
Next, Alice swaps one watermelon for seven grapes. Now, the pool consists of 13 watermelons and 73 grapes. To offer liquidity at each price level, the pool needs to maintain an equal value balance (50/50 ratio).
Therefore, the smart contract controlling rate will automatically adjust the ratio, so each pool’s value is equal. Let’s divide 73 by 13, which results in the new ratio of 5.61 grapes per watermelon. This new ratio ensures a 50/50 ratio for both currencies in our liquidity pool.
Why Use a Fixed Swap Pool?
Fixed swap pools solve three main challenges:
Lack of control mechanisms: Unfair token distribution and liquidity rug pulls
Prevent token dumps by private investors
Reduce token offering costs
As we can see, each time we swap with the liquidity pool, the rate changes. As projects try to launch their token via AMM liquidity pools, a popular token’s price can rapidly increase when plenty of investors buy it. This price increase is caused by the that liquidity pools implement.
For that reason, a fixed swap pool sets a fixed price for token swaps. Projects who want to use the Initial DEX Offering (IDO) model know precisely how much money they’ve raised and how many tokens they’ve sold. They know that their fresh community of token holders has paid a fair price. Conversely, the new token holders can be confident that the value they have contributed will go directly to the development of the project.
Furthermore, projects that pursue the IDO model with fixed swap pools can set additional parameters to gain more control over their fundraising, like controlling the maximum investment per user or the number of investors allowed in the pool. Soft caps and hard caps can be hardcoded into the smart contract. Many elements can be crafted to make sure that the new set of token holders is taken care of as equitably and transparently as possible.
The benefits of Fixed Swaps
Amount raised & quantity of tokens sold is known
By ensuring a fixed exchange rate, investors as well know exactly how much they are paying for and how much they are getting. That allows smart investors to accurately calculate their cost basis in order to make better-informed investment decisions in the future. This is completely different from the IDO model where the amount of tokens sold varies greatly alongside price volatility.
The Wide distribution of token holders
Having a large number of token holders, distributed geographically and demographically, is a key advantage to have as a token project. Many centralized exchanges will look at the amount and location of token holders as key indicators of whether or not to list a project. Fixed token swap pools can help to ensure that more investors are able to get in on an investment opportunity.
Fair pricing
At Instaraise we firmly believe that the funds raised belong to the project. Alternatively, interested token holders should be given every opportunity to acquire tokens they desire at a reasonable price without having to “ape” into them.
That’s why at Instaraise we first began creating fixed swap pools tailored for the . Fixed swap pools provide a more fair token distribution mechanism while still remaining decentralized.
Democratizing IDO rounds
Instaraise aims to be the equalizer, bringing presale opportunities to the average crypto user. This is done in two rounds: Private and public.
Private rounds: To make it as fair as possible for holders, we've integrated “pool weight score,” which determines how much allocation you receive. Pool weight score depends on how many $INSTA tokens you stake plus the interval for which it's staked. Essentially, this gives every community member a possibility to join presales that are generally unavailable to them directly via the project owner.
Public rounds: As of the v1 launch, the Public sale is open for all participants but every participant has a fixed pool size i.e only a fixed amount they can invest in the pool which is set by the project owner in our smart contract. By v2 the same principle of “pool weight score” applies, but it depends on how many tokens the user owns. No need to stake, only hold.
Note: * Our smart contracts are configurable and, It depends on project owners how they want to democratize their IDO
Let's take an example on the 70-30 ratio for Private and Public round on the Amount of token for Sale
Our roadmap
This is the Tentative Roadmap we carve to achieve
Phase 1: Q2, 2021
Product Ideation
Docs Creation and Validation
Development and Project Initialization
Live Testnet Trials
Phase 2: Q3, 2021
Mainnet Launch and IDO of $INSTA
Presale Project Listing starts
Launch of $INSTA Staking
IDO Against $INSTA Token
$INSTA Backed project Incubation on Tezos
Phase 3: Q4, 2021
NFT Based Pre-IDO Tickets
Instaraise Launchpad V2 Release
Governance Based Rapid Listing
Token Vested Module
In-app Exchange ( Integrated AMM )
Cross-chain facilitation for bringing more liquidity to Tezos
Ratiocination
Let's Summarise !
Transparent Presales
Instaraise aims to conduct full transparency with regard to how a sale is conducted. Investors can see how long the contract owner will lock the liquidity prior to joining the pool and participating in the sale, building the investors trust in the project and it also gives an edge to the Project owners to have more trust in their project
Auto LP Locking
This is where the security essence joins the Launchpad. Instaraise's Platform is completely Decentralised in terms of handling end-to-end processing of the presale. From the Sale creation to the Funds withdraw by the owner.
Auto LP locking is one of the key autonomous features which gives the leverage of trust for the Investors. Once the sale is ended the dedicated tokens i.e to be provided for the Liquidity are added to Quipuswap autonomously through our Smart Contracts and the LP Tokens are locked for the predefined time by the Owner.
The owner can't withdraw the tokens until the Locking time is over, this mitigates the problem of RugPull
IDO Launchpad Perks
Even if the Platform Infra and contracts are free to use by everyone. We do an explicit whitelisting in our Admin contracts which will list the Pool in our platform.
Whitelisting will be carried out when a project meets certain conditions and is fruitful for the community. Due diligence will be conducted by the people who contribute to the Tezos ecosystem.
An explicit promotional strategy will be in place to give the project better traction and more people in the ecosystem know about it.
Technical advantages
Low gas fees and self amending nature of the Tezos protocol suits to be the Ideal Blockchain for onboarding DeFi to a new level and explore the most out of it. The Defi growth has just started in the Tezos ecosystem and needs an IDO Platform so that small projects can get traction and conduct presales that too gaining trust for the ecosystem. We also mitigate the problem of the distinctive nature of Liquidity locking as we facilitate the process with our own Smart Contracts.
Instaraise aims to be a governance-backed project listing platform on top of the Tezos ecosystem.
As such there are lots of technical advantages we bring to the platform.
Decentralized: We're completely decentralized, to build trust amongst the users and project owners we are completely decentralized.
KYC secured: All the projects listed on our platform go through KYC verification to build trust on the platform and listed projects. From v2 we'll have complete KYC integration i.e for both participants as well as project owners.
Transparent: The investors/participants are made aware of the upfront of the pools before investing in our UI.
Security: Until the liquidity is locked by project owners, the leftover fund is not accessible to project owners as well thus making presale secure.
Economic Perks
Instaraise aims to save investors millions in funds loss. Defi has become synonymous with and infamous for “rug pull” scams, where a fraudulent presale will sell tokens and run away or disappear with the proceeds of the sale. Investors are left penniless, knowing that they will likely never see their money again. Tens of millions of dollars have been scammed in the past year alone through various DeFi protocols.
Instaraise mitigates the chance of such a rug pull scam. The smart contracts and sales factories ensure automatic add and lock liquidity onto exchanges. This simple fix forces sellers to have their funds and liquidity locked for the specified duration of time. Investors can more comfortably invest in presales because they see the liquidity lock duration listed on the presale page. The smart contract establishes a safe investment thus preventing rug pulls. Nevertheless, the problem of minting and selling tokens on the market still exists. If there are faults in the code of the incubated projects, scams can still happen. However, other security measures such as audits can help mitigate this.
*NOTE: All the projects go through a KYC verification on our platform before explicit whitelisting.
Reward Mechanisms
Staking for Pool Allocation
For a private sale, the participant's addresses must be whitelisted either by project owners as well as by a weighted pool score. A pool weighted score is computed Pool score for a user computed by the staked Amount, and the Interval for the amount is staked. Both the parameters contribute to the score.
The Public sale is open for all participants but every participant has a fixed pool size i.e only a fixed amount they can invest in the pool which is set by the project owner in our smart contract.
Staking for Rewards
It's always a win-win situation for an investor / general public to stake into our pool as we provide a freshly minted reward for them on our platform.
We also partner up with other platforms to incentivize $INSTA holders in the best way possible ( the reason behind keeping a large Reward pool )
Liquidity Mining
To incentivize participation in daily token pools. We're launching a liquidity mining program concurrent with the MVP launch on Tezos. This will give users good returns for locking up XTZ - PROJECT LP Tokens for our pool and the rewards can be in terms of $INSTA tokens.
*We'll be launching staking & liquidity mining in Q3.
