GhostMarket recently made an announcement to set out the conditions to participate in the next presale of its GhostMarket public tokens on Flamingo.Finance. GhostMarket’s public IDO on Flamingo.Finance is here and its presale has already started. In this article, we invite you to discover GhostMarket and the IDO. We will also indicate the launch date of the IDO and the sale of the GM token, as well as the next steps in the evolution of its universe.
What is GhostMarket?
Ghostmarket is a platform through which you can explore NFT tokens. Thanks to it, you can consult the NFT events. You will then have a look at:
– Transfer history;
– The list of tokens;
– The selling prices of the tokens;
– Several other activities.
The platform started its activities using Phantasma and Neo support. You should also know that this is a multi-channel support. Created by a group of developers open source, GhostMarket is distinguished by the richness of its functionalities. This community of developers known as “Ghostdevs” is also the one that created NFT.
According to the founder of GhostMarket, Vincent Geneste, the platform is “the only NFT market to offer multi-project and multi-channel support“.
Through the Neo and Phantasma wallets, you can log into GhostMarket and access the market. Three Neo wallets give you access to GhostMarket; these include NeoLine, O3 and Teemo. They all meet the Neo API standard. With these different wallets, you have the possibility to connect several accounts simultaneously. This will allow you to have an aggregated view of all the assets you hold.
What is an IDO?
The IDO is a recently created fundraising model in the cryptocurrency sphere. This is indeed a fundraising process that has come onto the market to remedy the shortcomings of older versions. So it is the improved version of ICO, STO and IEO.
It was designed for companies to raise funds and for their development. It will no longer be a question of making risky loans from the banks. Now everyone has the opportunity to invest.
The process is simple! The company which wishes to have funds to develop itself will proceed to the collection. It will be able to sell its tokens in exchange for a cryptocurrency or a national currency. To do this, it can use several collection methods, including the IDO ( Inital Dex Offering ), ICO, STO, IEO.
IDO has enabled Binance to position itself among the leaders in the cryptosphere. Indeed, Binance DEX is the first company to launch an IDO.
In an IDO, the token is used through a decentralized platform. The exchange of cryptoassets is done through a system of poolof cash. This same system is composed of paired cryptoassets andstablecoins. This kind of system is interesting for companies since it allows them to have cash once they throw their tokens on a DEX.
The increasingly popular IDO
The DEX method continues to gain in popularity among multiple investors and businesses. For the latter, it is a boon that facilitates fundraising. No need to go through the control institutions and other decision-makers to obtain the funds and develop your business. With the ICO, companies take responsibility for managing the fundraising themselves. With the IEO, the exchange is centralized. The IDO brings the two together, it looks like a hybrid.
Launch date of the IDO and sale of the GhostMarket token
The registration period for the GM IDO began on Monday, January 10, 2022. From that date, participants can bet and level. The presale date for users is known. These are January 14, 15 and 16. After that, if the IDO is complete, any Flamingo user will be able to participate in the public sale which will run until January 18th.
With more than 5 million tokens in circulation during the IDO, the platform only intends to sell 2 million during the IDO for an amount of $ 0.13.
If you want to participate, you must invest in FLM and join the Bronze level. Bronze is the minimum presale level. Flamingo’s level system determines how much a participant can buy in an IDO.
The level determines how many blocks must pass before the user can unlock their FLM. This varies between 1 and 2 days. If you disengage from the FLM early, you risk an early withdrawal penalty of 20% of the staked FLM.
GM tokens can be purchased using fUSDT once a level is established. However, the IDO module will offer an exchange functionality. Which should allow you to buy GMs using other cryptocurrencies supported on Flamingo.
With the launch of the GhostMarket governance site, users will have the ability to stay informed should they ever decide to participate in the IoT. You can also join the mailing list for all information related to the sale of the GM token.
The future of IoT
To better understand the other projects for the IDO, it is necessary to rely on the forecasts of Vincent Geneste. The founder of GhostMarket had previously planned to join Flamingo’s Community Lagoon AMA to discuss GM’s IDO. Something else to know:
– The GM token will be funded at 100 million and will be used for rewards, fees and promotions;
– The supply of the GM token will be shared between several blockchains supported by GhostMarket. It can be exchanged between different channels.
In conclusion, you can explore NFT tokens through the GhostMarket platform. It is a market where the IDO is valued. This recently created Metaverse fundraising model is growing in popularity. It came to remedy the shortcomings of old versions such as the ICO, the STO and the IEO. The launch date already known, you just have to follow the instructions if you want to participate. Follow us here for more NFT news.
Erica Masson
Passionate about stock market trading and crypto-currencies, I am working on writing articles on the subject in order to share my experience and to inform at the same time. Because, I am convinced that crypto-currencies open up perspectives that everyone should experience.
