Shadows Network Is Launching on Ignition and DuckSTARTER — IDO Details
Shadows Network, our Substrate-based synthetic asset issuance protocol, is readying for lift-off on not one but two launchpads, namely Ignition and DuckSTARTER.
Both whitelists on Ignition and DuckSTARTER are now closed, and winners will be notified via email and announced publicly in our announcement channel by Monday, March 1, 2021, at 1PM UTC.
To participate in these monumental IDOs that will surely go down in history as one of the most successful IDO’s to grace the cryptosphere, set your alarm for 2pm GMT, Tuesday, March 2nd, 2021. There will be a limited supply of 1,000,000 tokens for purchase on each platform — Ignition and DuckSTARTER at a fixed price of $0.125 per $DOWS token.
Dual-platform IDO listings being rather uncommon, we thought it prudent to explain the reasoning behind our decision to join forces with the aforementioned entities ahead of our public sale.
First, a word on Shadows. What is it? Where did it come from? And why should you care? In a nutshell, Shadows Network facilitates the conversion of one synthetic asset to another without the need for an order book or counterparties, with smart contracts automatically executing trades.
Shadows brings synthetic asset trading to Substrate, with real-world assets underwritten by our native DOWS token. Whether it’s synthetic stablecoins (xUSD), cryptocurrencies (xBTC), or blue-chip stocks (xTSLA), Shadows enables the free trading of on-chain assets by anyone, anywhere. And it’s not just trading either: Shadows aims to become a bonafide nerve center for issuing, lending and borrowing synthetics on Polkadot.
Ultimately, Shadows Network aims to become a Polkadot parachain and facilitate cross-chain synthetics trading for the masses. We are at the dawn of a new era and we won’t let this opportunity pass us by.
But anyway, regarding our token sale…
By launching on both simultaneously, we have a great opportunity to draw support from each community, and to issue our token to a wider demographic of everyday defi users.
The decision to launch on Ignition came after seeing how well PAID performed in marketing its own IDO, undoubtedly due to its passionate stakeholders and influencers. Amazingly, PAID generated over $55 million in investment requests. Through PAID’s Ignition launchpad, Shadows will be able to leverage PAID Network while participants are incentivized to hold on to tokens and contribute to the project’s long-term success.
DuckDAO supported Shadows Network from the beginning, providing valuable support and guidance in the fundraising process.
We are proud to continue our collaboration into the realm of public sales through the DuckSTARTER platform, which will put Shadows Network direct contact with thousands of engaged crypto investors. Collaboration with DuckSTARTER will provide our project with the critical mass necessary to fuel our project and help us fulfill our mission and vision.
Whether you’re holding $PAID or $DUCK, you have a chance to get in on the ground floor as Shadows steps into the light. Let’s do this.
For any questions, you can reach out via: