Multi-chain incubator, launchpad and swap platform Impossible Finance has just announced it is launching the Impossible Launchpad for decentralized finance, according to the press release that has been shared with iHodl.
The launchpad, whose most relevant feature is the targeted smart launch, a fair allocation mechanism based on KYC, on-chain whitelisting and staking queues, will be guided by Calvin Chu, who has recently worked on Binance Research and has contributed to the development of the Binance Launchpad.
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Due to the fact that DeFi can be complicated, one of the main objectives of Impossible Finance has been to develop a user-friendly interface.
After it is launch, the launchpad will feature well-known projects from multiple blockchain networks, including BSC, Ethereum, Polygon, Avalanche, Moonbeam, Solana and others.
The launchpad will include an automatic vesting system that will reward teams for successfully delivering on their promise.
The governance of the Impossible Launchpad will be in the hands of the Impossible community and the holders of the project's IDIA tokens, who will set its general development path and ensure the platform remains highly curated.
It is worth mentioning that both the launchpad and the IDIA token will be launched today. The token will be used for staking and earning allocations within future token launches.