If you are a fan of Terra blockchain, you will be happy to know that the Atlo launchpad is now accessible to everyone, since February 15.
We are writing this article on February 17 and the token is only two days old. For many investors, now is the right time to consider a crypto project, particularly launchpads.
As a reminder, a launchpad is a platform on which individuals (like you and me) can invest upstream in new projects.
The particularity of the Atlo launchpad is that it is intended to be entirely decentralized and that token holders can vote on all aspects of the protocol and even on the projects to be financed. The launchpad then wants to stand out from the other more centralized protocols that we know.
The particularity of the Atlo launchpad
For the allocations paid, Atlo has chosen a ranking system which scores participants on a basis of 5. There are no levels or lottery systems as can be seen on DAO Maker For example. In fact, the more a user is present on the platform, the more points they will earn. And, the more allowances he will receive to participate in the projects.
Thus, Atlo's rating, which we can also criticize, is based more on user behavior.
Its operation can remind us of the delegation system on Cosmos where even if everyone can become a validator, it is the community which decides who has authority. This ultimately creates a more united and invested community.
Moreover, the team behind it regularly organizes AMAs and video sessions, which makes them ever closer to the community.
How to participate in the Atlo launchpad?
Firstly, you need a wallet on Terra like the wallet Terra Station for example which is one of the most used. (You will need to carefully write down the security words that constitute your private key in a notebook or similar).
Once you have created your wallet, you will need to deposit tokens into your wallet. You can do this in two main ways:
- Buy Luna token or UST (the dollar stablecoin on Terra) on an exchange platform like Binance then send it to your Terra wallet address.
- You can buy Luna token or UST directly by bank card by clicking on “buy cryptocurrencies” via the Transak system.
Once you have tokens in your Terra Station wallet, you can then go to the Atlo website.
There, you just have to click on “login”. Then, click on “dashboard”.
Then, you will arrive on this interface.
This is where it all happens. This is where you can “swap”, that is, exchange your tokens for ATLO directly on the platform.
You can also deposit your ATLO tokens in the staking area. This is how you will be able to participate and finance the projects.
Also, you can also become a liquidity provider for the ATLO/UST pair with an APR of 178%.
This can be a good option to earn additional ATLO in a simple way.
Final word on the Atlo launchpad
Personally, we're happy to see a Launchpad on Terra like this. That said, it is still too early to judge the platform and its effectiveness.
The projects shown appear to be good projects but we need to see if they validate the requirements. We are waiting to see the other projects that will be presented.
Indeed, what makes a launchpad strong is the quality of the projects financed.
- Discover the ATLO platform
- Wallet Earth Station
- Learn more about blockchain Terra and Luna token
- Buy LUNA token and UST on Binance
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Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.
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