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Introduce
Red Kite
Introduction Red Kite, a cutting-edge launchpad by PolkaFoundry
Bundled with unparalleled features, Red Kite promises to give investors a new and surprising experience of an ordered and assured token sale process.
Two of the notable reasons why solid projects failed were ‘poor marketing’ and ‘lack of investors’ interest’ due to fear of scams. Red Kite launchpad solves both of these problems by offering new ways to raise capital;
- Red Kite is supported by a network of tier-1 marketing partners, top influencers, and communities to help the project soars;
- The crypto projects go through a robust vetting process, and they’re hand-picked to protect investors’ interests.
Red Kite provides a safer platform for investors, allowing them to gain early access to vetted token sales at a lower price before they hit the market.
Red Kite is part of the PolkaFoundry ecosystem and uses the platform’s native PKF as a utility token. The investors can hold PKF tokens to join the Red Kite platform and participate in the token sale rounds for hand-picked and vetted crypto projects.
The first IDO will hit the Red Kite launchpad in the first half of May, launching a high-profile project in parallel with another top-tier launchpad.
Here are some of the promising features of the Red Kite platform, which sets it apart from the rest of the ecosystem players.
Multi-chain support
Red Kite supports Ethereum and BSC pools and will soon support Polkadot pools after rigorous testing on the PolkaFoundry testnet, becoming the first-ever launchpad on Polkadot.
Parachain Crowdloan
Red Kite will not only be the first launchpad on Polkadot, but it will also support the crowdloan campaigns for parachain auctions on both Polkadot and Kusama. Projects interested in securing a parachain slot can collect KSM or DOT tokens to win the auction. PolkaFoundry will be the first project to run a parachain campaign on Red Kite.
Hand-picked and vetted projects
To protect investors’ interest, Red Kite carefully hand-pick the projects that go through a vetting process that considers everything from the project teams’ origin to legitimacy and execution capability. This vetting process helps build investor’s confidence, so they can know their money is secure.
Tier and Reputation
To further strengthen the platform, our bot system monitors every participant’s behavior and sets reputation points. This mechanism punishes behaviors that are considered negative to the token’s healthy pricing. The reputation score will affect the participant’s tier and their ability to participate in future launches.
Fairness (lane-based swap system)
With Red Kite’s lane-based swap system, every participant will get an opportunity to join based on their tier without indulging in a ‘gas war’ to ensure fair and efficient participation.
Integrated vesting schedule
There will be a distribution portal for projects that will allow them to vest their sold tokens in pre-sale or post-sale secondary offerings. It is similar to the portal in use for $PKF token claiming https://distro.polkafoundry.com (opens new window).
Integrated vesting schedule
Red Kite is starting as a launchpad, and this is just the beginning. It will transform into a platform offering a full suite of DeFi services in the future.
The smart contract is currently going through the audit process, and the team will soon provide an update once the audit is complete.
About PolkaFoundry
PolkaFoundry is a platform for building borderless and frictionless DeFi dApps on Polkadot. It aims to be the one-stop production hub for DeFi dApps with all the necessary features, services, integrations, and tools for DeFi experiments, innovations, and real-world solutions.
Taking advantage of Polkadot’s interoperability and scalability and integrating many DeFi-friendly services into the platform, PolkaFoundry also provides UX-enabling features that make dApps as easy to use as normal applications and bring dApps to the masses.
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Last modified 1mo ago