PR: Tomo Chain Lab Announces the Dual Launch of a New Multi-chain IDO Platform and Capital Investment Arm

By Stan Peterson
Published August 9, 2021 Updated August 6, 2021
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PR: Tomo Chain Lab Announces the Dual Launch of a New Multi-chain IDO Platform and Capital Investment Arm

By Stan Peterson
Published August 9, 2021 Updated August 6, 2021

August 9th, 2021, Singapore – Tomo Chain Lab is pleased to announce the dual launch of Lua Starter – a multi-chain IDO launchpad, and Lua Ventures – a newly formed capital investment arm. The blend of Lua Starter and Lua Ventures provides a comprehensive funding package for early-stage, legitimate blockchain startups.

By leveraging Lua Starter, projects can carry out an effective, transparent, and fair public launch seamlessly. The crow-funding launchpad allows projects to raise capital on a single blockchain or multiple blockchains simultaneously. Projects have the opportunity of driving enthusiasm and awareness with a broader audience and creating liquidity in different blockchains. 

At launch, Lua Starter runs on the Ethereum and TomoChain’s blockchains. Lua Starter’s IDO process was created to provide investors with an excellent user experience while giving them confidence in the legitimacy of projects. A well-designed selection process has been set in place to ensure that projects launched through LuaSwap are credible, have real value, and have great potential to grow. 

Lua Starter utilizes an innovative model called Tier Guaranteed System (TGS). Lua Starter users can participate simply by holding native TOMO, TOMOE, or LUA tokens. The TGS mechanism guarantees allocations for all investors in every IDO with the flexibility of buying more or fewer tokens than guaranteed numbers. 

Backed by the whole product suite of the multi-chain AMM LuaSwap, launch projects and investors can utilize all features of LuaSwap such as swapping, pooling, farming, on-chain limit orders, and portfolio management. Projects can attract more users with premium multi-chain listings and incentivized pools on Lua Swap right after the launch. 

The establishment of Lua Ventures adds excellent support for the launch projects on Lua Starter as they can seek seed investments and many other assistances from the firm. Lua Ventures was founded to focus exclusively on blockchain technology and the crypto ecosystem and is closing its inaugural fund called Lua Alpha Fund at 2 million USDT. Led by Tomo Chain Lab and other reputable Limited Partners, Lua Ventures will leverage its industry-leading network, research capabilities, and industry contacts to benefit its portfolio projects.

By launching Lua Starter and Lua Ventures, Tomo Chain Lab aims to deepen its offerings, further capitalize on the excitement and fast development in the blockchain space, as well as look for new growth areas. ​​​​​​

About Lua Starter

Lua Starter is the first multi-chain fundraising and Initial Distribution Offering (IDO) platform based on LuaSwap exchange.

About Lua Venture

Lua Ventures is the capital investment arm of Tomo Chain Lab Pte. Ltd. Lua Ventures focuses exclusively on blockchain technology and the crypto ecosystem. 

About Tomo Chain

Tomo Chain is a scalable blockchain-powered via Proof-of-Stake voting consensus and used commercially by companies globally.

TomoChain’s mission is to accelerate the onboarding of millions of users by empowering today’s applications with technology that masks the friction of Blockchain, all while retaining its underlying benefits.

Contact Details

Name: Anh Nguyen

Email: [email protected]

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Stan Peterson
556 Articles
Being an active participant in the Blockchain world, I always look forward to engage with opportunities where I could share my love towards digital transformation.

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