DAO Maker, whose token sale launchpad has incubated a wave of heavily oversubscribed IDOs, is bringing its model to the TRON network.
A partnership between TRON and DAO Maker will bring the latter’s formula to the blockchain network founded by Justin Sun and now centered around DeFi.
Token launchpads have been one of the biggest growth verticals in DeFi this year, with a host of platforms springing up across various networks, including BSC and Ethereum. TRON has been underserved, however, which is why the arrival of DAO Maker on TRON is noteworthy.
One of DAO Maker’s most popular products has been its Strong Holder Offering, which gives ardent supporters the opportunity to acquire tokens for projects they passionately believe in. The goal is to incentivize investors to support projects as they build out their protocol and to reap the rewards from ensuring their long-term adoption and success.
DAO Maker’s TRON incubator intends to become a prominent member of the community. An initial TRON project has already been lined up for DAO Maker, although its name and nature have yet to be disclosed. So far, TRON founder Justin Sun has only spoken in vague terms of the benefits the partnership will bring, stating:
“We are excited to be partnering with an industry leader like DAO Maker to bring cross-chain community incubation and fundraising to TRON. This partnership is part of TRON’s commitment to its community to expand the functionalities of the blockchain through world-class strategic partnerships.”
DAO Maker has quietly evolved into one of the leading launchpads within the DeFi landscape, attracting some highly anticipated new projects. Many of these that raise capital via the DAO Pad platform are seeking under $500K, though there are some exceptions: $1M will be raised in CERE Network’s token sale, for instance.
In addition to hosting token sales, DAO Maker offers staking vaults for the DAO token. Stakers can qualify for SHOs and earn additional token rewards.
TRON has been gradually fortifying its DeFi credentials through integrating and partnering with projects that can add core functionality. It has also been growing its NFT capabilities, while the JUST NFT Fund led by Justin Sun has been acquiring digital collectibles by some of the world’s leading artists.