StarLaunch is a launchpad platform built on the Solana blockchain. It is designed to support cross-chain launches and connect users with new web3 projects. The platform employs a dual-token model, which includes $STARS for staking and governance, and $N2H4 for registering for sales. It provides a secure and equitable platform for participating in token sales, featuring comprehensive KYC/AML protocols and refund mechanisms to protect users.
StarLaunch operates on the Solana blockchain using a hybrid consensus mechanism that combines Proof of History (PoH) with Proof of Stake (PoS), enabling high transaction throughput. The platform uses a dual-token model: $STARS, a deflationary governance token, and $N2H4 for accessing Initial DEX Offerings (IDOs). Users stake $STARS to generate $N2H4, which is then used to register for token sales. This setup ensures open and equitable access by capping participants at 1% of each sale, avoiding tiers or lotteries.
Potential use cases for StarLaunch include:
StarLaunch was founded by Aatash Amir with the aim of creating a secure and equitable platform on the Solana blockchain for token sales. Key milestones include the establishment of the dual-token model, the introduction of an insurance program, and support for cross-chain launches. The platform focuses on incubating projects by offering essential services and has grown its community within the Solana ecosystem. It was designed to mitigate security risks and ensure fair access to blockchain investment opportunities.