DeFi has become accepted into the mainstream. IDOs, or Initial Decentralized Exchange Offers, are growing in number. A token’s project and research can be stressful. Token sales are a risky venture for many.
With fraudulent tokens and crypto-related scams on the rise, it’s no surprise crypto users are becoming more careful about what they buy.
Vent Launchpad is determined to solve this problem by taking responsibility for all project launches through it. It ensures that backer’s funds are kept safe and that they’re only released when the project demonstrates its qualities.
Today, we’ll be going over how Vent’s DeFi launchpad works and how it ensures safety when participating in token sales.
What is Vent’s DeFi Launchpad?
Vent Finance is the world’s first full-stack multichain community-focused IDO launchpad. This platform allows users to easily join token sales, while ensuring that the platforms are reliable. Launchpad is designed to make it easier for both casual and experienced users to participate in token sales.
Vent is designed to provide security, transparency, and an easy-to-use platform for anyone to give their support to DeFi projects. Vent offers crowdfunding options for promising projects, as well as incubation support such expert assistance.
Vent can help you participate safely in token sales.
Vent’s Intensive Vetting Process
The first of Vent’s many security measures is its intensive vetting process. They vet each project in order to ensure that it’s a worthwhile prospect for their users. Vent only launches high-quality projects with long-term social value.
They will talk to founders and analyze the startup’s business plan in order to determine if the business is founded on short-term hype, or if it’s a project that will provide long-term value to its users.
Most crowdfunding platforms support projects which are accepted, without much review of the model or smart contract. With smart contract fraud being on the rise, Vent acts like the adult in the room, and their experts personally inspect each project’s smart contract. This ensures that their users aren’t caught in a scam.
Vent conducts a detailed quality control before listing any project. This includes a review of core technology, relevancy, integration and tokenomics. This process is not done behind a locked door, it’s entirely transparent for the community to see.
Vent Makes Sure Your Money Is Put to Good Use
Vent doesn’t simply provide the startups with all of the funds when users back them on its platform. Instead, they use a milestone-based process to ensure your funds aren’t going to be wasted.
Vent achieves this by using their unique milestone system. The funds are kept in escrow until the startup is able to meet agreed upon milestones. Once the project meets its milestones, the IDO launchpad releases funds.
Just in case these milestones aren’t met, Vent implements a 100% token-back guarantee. Vent guarantees that your money is never spent on a project in development hell.
Vent has implemented a BGA (base guaranteed allocation) that lets all users who have an average holding score of 5000 $VENT(Vent’s utility token) or more participants. This average holding score is calculated by taking the average of a user’s holdings at 7 points within 7 days and dividing by 7.
So, what happens if a startup on Vent launches regardless of whether or not they’ve fulfilled Vent’s requirements? If that happens, then all the funds invested into this project are instantly refunded to their users.
Exemplary Transparency
Vent makes it completely clear about what information they hold on every startup. They allow users to comment and have conversations on each project’s profile. This helps users get an outside view of a project they’d like to fund.
Furthermore, in order to ensure that users understand the long-term value of the token they’re purchasing, Vent continuously puts out updates about projects. After the project launches successfully, it continues to be updated.
Account Security Features
KYC Compliance and AML Compliance
For all projects, Vent adheres to both anti-money laundering laws and regulations. Due to this requirement, IDO launchpad has made KYC verification obligatory.
Vent also adheres to the GDPR (General Data Protection Regulation), which means that your data will be kept secure and hidden from prying eyes.
Vent adheres to the General Data Protection Regulations (GDPR), which protects your privacy and secures personal data.
24/7 Support and 2FA
Vent allows for 2FA (2-factor authentication), which will ensure that only you are able to access your account. This greatly increases your security, but in the event that your account is compromised, there is still hope.
Vent is available 24/7 to provide support for its users. It makes it simple to stop fraudster transactions and restore your account. You can also access a help centre to get answers to some frequently asked questions regarding the IDO Launchpad.
Are Vents Safe to Use?
From what we’ve seen, Vent is on an excellent track to accomplish its goal of providing what they call: “the right way to experience DeFi. Building the economy of the future.”
The platform is protected from fraudulent or low-quality products by their vetting process. Their users can fund legitimate products more easily by doing all they can to ensure that only legit products are on the platform.
Vent combines their BGA with a milestone-based system to ensure nobody is left out of funding their pet projects while making sure developers are kept in check and projects don’t succumb to development hell. They’re also completely transparent about the whole process, which is a major plus.
Vent is also compliant with KYC/AML and GDPR. It offers exceptional safety, 2FA, 24/7 support, as well as outstanding security.
Overall, the Vent deFi Launchpad is one of today’s most safe ways to take part in token sales.