Safle Announces IDO on Polkastarter
May we have your attention please! This is the paging announcement for all SafleNauts ready to #GoBeyond with us on this journey. Mark your calendars for the 16th of December, 2021 as the Safle project is thrilled to announce its much awaited Initial DEX Offering (IDO) for the $SAFLE token on Polkastarter, the premier decentralised platform for launching new tokens and projects.
We want to thank our community for continually supporting us and welcome all the curious newcomers interested in mastering the world of cryptos & blockchains with Safle. To understand how to participate in a Polkastarter IDO, make sure to check out Polkastarter’s blog post on this topic.
Safle has created a set of tools for developers and retail end users that provide private, non custodial open governance protocols to manage their self sovereign identity based wallets, and a complete suite for running and managing web services needed to connect to fully synced blockchain nodes. Safle technology stack was built envisioning the challenges in current mainstream mass adoption of cryptocurrencies and of applications built on top of blockchain. The Stack empowers the community to make independent decisions and have power over their digital assets. The current Safle technology stack as well as the envisioned solution offerings for future use cases are built on two main pillars:
- Access to Identity in a Decentralised Environment
- Access to Finance in a Decentralised Environment
$SAFLE: The protocol’s native governance token
In order to maintain a balance between developers and retail users, Safle intends to develop wallet infrastructure in a completely non-custodial fashion using open governance mechanisms via the SafleDAO, coordinated and maintained by the Safle token economy. The native $SAFLE token will not only enable token holders to propose and vote on changes (governance privileges) to functionalities and feature sets of the wallet and node services, but will also create a self-sustaining token economic model, where value will be generated by providing access to finance and identity in the decentralised digital world. $SAFLE is a governance and a multi-utility token. Users can earn yield by staking it via the staking pool.
The $SAFLE token will have two main utilities:
Asset Value $SAFLE can either be used as a method of payment or as a staking token that enables users to use various subscription services as long as tokens are staked.
Governance $SAFLE holders can participate in the future of the project by participating in the Governance mechanism through SafleDAO. Holders of the $SAFLE token will have a 1–1 ratio for voting on the proposals. Holders also get the right to propose for carrying the ecosystem forward.
Polkastarter is the fully decentralised protocol for launching new ideas. Our curation process and industry access enable us to offer the best new projects in blockchain and digital assets. With Polkastarter, decentralised projects can raise awareness, build a loyal community, and receive long-term support. Users of the platform will be able to participate in a secure and compliant environment and use assets both in and beyond the current ERC20 standard.
Stay tuned for our upcoming announcement on how to join the whitelist!