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Polygen

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Category: DeFi

Polygen

Polygen is a decentralized, permissionless launchpad designed to address the shortcomings of traditional launchpads, such as lack of transparency, gatekeeping, and inefficiency. Built on the Polygon network, it allows any project to create a customized IDO and launch on any blockchain. The platform operates entirely on-chain, enabling projects to create a "Trust" where they specify membership, raise, and token details. It facilitates community-based liquidity seeding and uses a tokenized event system for fundraising (sTKN for seeding, rTKN for the raise). The fundraising process often involves a Dutch auction and an AMM for fair price discovery, with mechanisms to prevent manipulation by whales and bots. Polygen is deeply integrated with the Polygon ecosystem and supported by a network of VCs and founders.
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Funding Rounds

Funding Round: Seed
Funding Date: 2 Nov, 2021
Raised Amount: $2.3M

Investors