MaticLaunch Monthly Update — September 2021
MaticLaunch thrives to fulfill its vision and goal of innovating the fundraising process for everyone — investors and projects owners/teams. Last month, we took some of the succeeding steps towards making this a reality.
Thank you for making our staking event a huge success!
But that is just the beginning. But today, in our monthly September update, we want to spare some time to thank you and celebrate our increasing community, token holders, staking events, and more.
Let’s have a look at September and anticipate October.
MTCL Listing and Burning
MTCL Listing on QuickSwap
Shortly after our successful IDO event, we listed our native token — $MTCL on QuickSwap, one of the leading decentralized exchanges on Polygon with liquidity as promised.
Massive MTCL Token Burn
As committed to the burning event right after our Presale event, we announced burning plans to reduce the total supply. This also supports the token price eventually to benefit both our investors and the community.
Total tokens burned: 5,024,291 $MTCL
Effective total supply: 14,975,709 $MTCL
MTCL Tracker Listings
Within a very short period of time, after we went live on QuickSwap, we successfully managed to list MTCL on two of the popular token trackers — CoinMarketCap and CoinGecko. On the other hand, our live DEX trade tracking went also live on multiple platforms together.
Explore token trackers:
CoinMarketCap: https://coinmarketcap.com/currencies/maticlaunch/
CoinGecko: https://www.coingecko.com/en/coins/maticlaunch
DexTools: https://www.dextools.io/app/polygon/pair-explorer/0xa9368765a8855211e613715e5831e90ae1b22eb5
DexGuru: https://dex.guru/token/0x3642c3c8ebe0b36a29e37809e1c9a7de06bc0b26-polygon
Partnership with BlockPad
• Established vesting schedule
Being a community-centric launchpad for Polygon, we are meant to be fully transparent. We could do it ourselves but in order to depict this transparency among the community, we partnered with BlockPad and created $MTCL vesting schedule for our tokenomics.
Explore $MTCL vested schedule: https://theblockpad.com/vault-vesting/0x3642c3c8eBe0b36a29e37809e1c9A7DE06BC0B26
• Locked MTCL/USDT LP tokens
Just providing committed liquidity to DEX is not sufficient. In order to remove the fear of liquidating them, projects must lock their LP tokens. Therefore, we have also locked LP tokens from QuickSwap with BlockPad to ensure our community can have sustainable liquidity.
Explore locked LP tokens: https://theblockpad.com/vault-lp-vault/0xa9368765a8855211e613715e5831E90ae1b22eb5
Staking Event Launch
1. In-house Staking Contract
Well, we could certainly use third-party services to launch our staking event. But within just two weeks of time, we developed our own multiple APY providing staking smart contract. It shows the dedication of the team towards the development of the fundraising solution for the Polygon ecosystem
2. Smart Contract Audit
Developing just a contract is not sufficient, we also need to ensure security. Following this as a necessity, we also have audited our staking smart contract with renowned auditing firm — EtherAuthority.
Audit Report: https://twitter.com/Ether_Authority/status/1437149188819591173
3. Staking Pools Launch
We had launched two maturity-based staking pools named Silver and Gold for a total of 450,000 MTCL tokens. With the help of our simplified staking interface, our energetic community filled both of the pools within 24 hours. Based on community requests, we had to launch another staking pool.
Event Result: 845,000+ $MTCL have been staked by the community.
What’s Next?
Well, we have received many questions regarding our next plans to lead MaticLaunch further and our moderators were answering them precisely. We were quite busy developing the launchpad and hence couldn’t clear your queries.
But it is time to throw some lights on what’s there in October:
1. Airdrop & Presale/IDO token distribution
2. Enable users to claim staking pool rewards
3. Decentralized Polygon-based voting integration
4. Staking based investment allocation calculation
5. Lottery-based community pool testing and deployment
6. Community engagement based on interesting giveaways
7. Marketing campaigns to grow MaticLaunch community
We have also received a few requests from projects to launch their IDO on MaticLaunch. But as our planned launchpad is not ready yet, we had to pass them. Well, this is to ensure that we deliver a scalable system in place which should also be audited.
We are obliged to share the recap of September and our upcoming. We hope that we have provided insights and we welcome every new project and partnership whom we can support. As always, we couldn’t be so far without you, and thank you for supporting us.
Let’s gear up for October, be ready!
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