Impossible Finance: The financial ecosystem that seeks to build the “impossible”
Leveling the ground for everyone
Impossible Finance is a platform focused on decentralized finance (DeFi), it has raised $ 7 million from institutional investors to help build its core products which include a DeFi incubator, a launch pad, and an exchange platform.
As part of the multi-chain ecosystem, Impossible is also developing an automated market maker (AMM) liquidity protocol, which will act as the backbone of the decentralized incubator and launch pad for new DeFi projects.
Among the platform’s plans are the premiere of the IDIA project token, which we will go into in detail below.
Democratizing access to markets
For starters, Impossible Finance uses decentralized financial protocols to give everyone the same access to financial products, previously only available to privileged individuals and institutions.
The protocol will develop a multi-chain ecosystem that can help drive DeFi’s liquidity and composability growth through this arrangement, anyone can easily trade crypto tokens without encountering the frustrating limitation of unavailable liquidity.
In this industry, trust is everything and that is why Impossible.Finance has had the support of the main players in the crypto world, including:
- Sandeep Naiwal (Matic),
- Kain Warwick and Jordan Momtazi (Synthetix)
- Bette Chen and Ruitao Su (Acala),
- Bobby Ong & TM Lee (Coingecko)
- Larry Cermak (The Block)
- Calvin Liu (Compound)
Among the main objectives of Impossible Finance are to be an incubator and a launching pad for new flourishing projects in the world of cryptocurrencies.
So far more than 125 institutional investors have participated in the most recent funding round to redefine the launch of the IDIA token.
The next step in De-Fi
With fresh capital in hand they will continue to build a multi-chain ecosystem to promote liquidity growth and DeFi composition. Starting with the BSC, the powerful protocol has plans to go multi-chain by expanding to Ethereum and Polygon, with more implementations scheduled in future L2 solutions and other platforms.
The main incentives for new projects that the protocol will offer include, but are not limited to, proper guidance for a successful launch, taking advantage of Impossible’s liquidity and cross-chain support.
Its features include:
- Helping projects go to market through a transparent and self-sufficient DeFi Initial Offering.
- Beyond transparency, the ssIDO of the protocol will offer immutability and confidence to the fundraising of the project.
Impossible Decentralized Incubator Access Token (IDIA)
Impossible Finance recently announced that its first project to graduate from the incubator and participate in a public launch of the token called Impossible Decentralized Incubator Access (IDIA), whose function is to be a decentralized LanzPad access and governance token.
The Staypad Staking Impossibles contracts will record the balances established for the user for 4 days from August 12, 2021 5:00 AM (UTC) to August 16, 2021 5:00 AM (UTC).
The final amount of the IDIA allowance for each user will be determined based on their number of stays and length shortly after the understanding period ends.
This design was selected to ensure that all users can have equal access to the IDIA token.
As Impossible’s LanzPAD product offering grows, smart allocation mechanisms will be added, further decentralizing token distribution.
Tutorial to participate in the purchase of the IDIA token
- Complete KYC (Know Your Costumer) verification: From August 10, 2021 at 5:00 AM (UTC) until August 12, 2021 5:00 AM (UTC), users can prepare their credentials and approve KYC verification.
- Staking with the IF token : After completing KYC, stake with the IF token in the launchpad gift contract of impossible and the contract will record the IF staked balances during 4 days of August 12, 2021 5:00 AM (UTC ) as of August 16, 2021 5:00 AM (UTC), the number of IF user tokens will capture the ONCHAIN.
- Buy IDIA: From August 16, 2021 10:00 AM (UTC) to August 17, 2021 10:00 AM (UTC): the subscription will open at this time for all eligible users during a period of 24 hours: users can choose to buy any amount of IDIA less than or equal to the allowance derived from the staking period.
- Claim your tokens: Starting on August 17, 2021 at 12:00 PM (UTC) users will be able to claim allocated amount of IDIA in the Impossible Launchpad.
The token sale for IDIA will follow the standard launchpad subscription format by which the stake weight of users is calculated based on the proportional amount of IF they have in stake and the duration of the stake in relation to the total amount of IF and the duration of the pool bet, with the users.
How to buy IF Tokens?
If users do not have IF tokens yet for the IDA IDO, they can do so through the following portals:
If you want to know more about Impossible Finance, we leave you the following links below:
Audit report: https://github.com/ImpossibleFinance/Audits/
White Paper : Link
Telegram (Spanish): https://t.me/ImpossibleFinanceSpanish
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Disclaimer: This press release is for informational purposes only, the information does not constitute investment advice or an offer to invest. The opinions expressed in this article are those of the author and do not necessarily represent the views of CriptomonedaseICO, and should not be attributed to CriptomonedaseICO.
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