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TokenSoft is a California-based financial technology company that specializes in developing security technology for the various entities that use the blockchain. It was founded in 2017 and has over fifty employees. The TokenSoft platform is intended to be used as a fair-launch platform for Web3 projects and their communities. TokenSoft states that with its clients, it has helped to create more than $40,000,000,000 in combined market cap and has over 1,000,000 users.
The platform can be used by larger projects, such as Tezos, Avalanche, and The Graph, and individual users alike for token launches. Users can create a TokenSoft account to verify their identity in order to qualify for blockchain events. They must go through a compliance program to be verified. This program consists of several stages, including the general compliance process, the data room where the user reviews documents such as terms, document execution where the legal documents are actually signed, and the payment stage when the payment goes into the user's wallet.
When a token is being launched, the team behind the token can utilize TokenSoft to allow the sale to be conducted in an orderly process, separated by rounds. The rounds are usually separated by investor type, such as venture capital or individuals from the general public who are interested in the token sale. The platform has fair launch on-chain queueing, which is designed so each user can participate in a maximum allocation.