In recent years, with the vigorous development of blockchain technology, the decentralized crowdfunding (Crowdloan) model is quietly changing the traditional financing landscape. More and more Web3 project parties regard Crowdloan as the key to success, hoping to realize their dreams with the help of the community. In 2023 alone, dozens of high-quality projects have taken advantage of Crowdloan, attracting hundreds of millions of dollars in user funds.
In this exciting change, Bifrost is undoubtedly a dazzling presence. As an important participant in the Polkadot ecosystem, Bifrost has become a "hot commodity" that countless project parties are vying to cooperate with by virtue of its years of accumulated cross-chain technology and governance experience. From the first token distribution of Energy Web to the ecological construction of LAOS Network, success seems to be inevitable wherever Bifrost is present.
Of course, opportunities and challenges always go hand in hand. With the booming Crowdloan market, problems such as project defaults and platform loopholes have gradually surfaced, sounding the alarm for participants. But it is gratifying that Bifrost has always adhered to the original intention of "users first", actively mediated and coordinated to ensure the interests of investors. The reputation of "Bifrost will not let users down" has become the golden signboard of the community.
Next, Lao Mao will analyze the unique charm of this cross-chain star in Crowdloan and the industry enlightenment brought by Bifrost through the real cases of Bifrost's recent participation in Energy Web and LAOS Network projects. Through the mirror of Bifrost, we may be able to glimpse the future of blockchain crowdfunding and find a balance between opportunities and risks.
Energy Web: Distribution plans back on track
Energy Web is a Swiss-based company focused on using blockchain technology to drive global clean energy transformation. By working with energy industry leaders, they are committed to building an open source, scalable digital infrastructure to support the popularization and application of renewable energy.
However, due to poor communication in the early stage, contributors who participated in Bifrost's SALP (Slot Auction Liquidity Protocol) crowd lending missed Energy Web's first token distribution, and the first batch of EWT tokens, originally scheduled for March 25, 2024, failed to be issued as scheduled. As a partner of Bifrost, the Energy Web team sincerely apologizes for this and promises to find a solution as soon as possible to ensure that the interests of SALP users are not harmed.
It is worth mentioning that Bifrost, as the developer of the SALP protocol, played a key role in this incident. Thanks to the decentralized nature of the SALP platform, all contribution records are traceable on the chain. This provides Energy Web with a reliable data foundation, enabling it to accurately verify the contribution of each contributor. The Bifrost team communicated closely with Energy Web and provided the necessary technical support to ensure that the subsequent token distribution can be carried out fairly and impartially according to the expected plan.
More importantly, the Bifrost team also made a promise to the community: "Bifrost will not let SALP users down." This promise not only reflects Bifrost's emphasis on user interests, but also demonstrates its sense of responsibility as a blockchain infrastructure provider. With the cooperation of the Energy Web team, Bifrost is formulating a practical plan for the reissue of the first batch of EWT tokens, striving to fulfill its promise to SALP users as soon as possible.
According to Energy Web's latest distribution plan, the second batch of EWT tokens, originally scheduled for June 25, 2024, will be distributed as scheduled. Energy Web will continue to distribute reward tokens in proportion during the remaining lease period (until August 2025). Although the first batch of distributions was regrettable, with the help of Bifrost, contributors will still be able to receive the rewards they deserve in subsequent distributions.
For SALP users who participated in Energy Web crowd lending, the cooperation between Bifrost and Energy Web is undoubtedly exciting good news. After encountering problems, both parties did not choose to shirk responsibility or perfunctorily deal with them. Instead, they took immediate action to find solutions and communicated the latest progress with the community in a timely manner. This proactive and mutually supportive partnership will provide a solid guarantee for the long-term development of the project.
https://crowdloan.energywebx.com/
LAOS Network: Rewards collection is now open
LAOS Network is a public chain project focusing on the Southeast Asian market, aiming to provide efficient and low-cost blockchain infrastructure for the region. By working with local companies and developers, LAOS Network is committed to promoting the development of the digital economy in Southeast Asia and achieving financial technology innovation and social inclusiveness.
It is worth noting that LAOS Network previously launched a crowdfunding campaign through the Bifrost platform to promote the construction of its ecosystem and the distribution of $LAOS tokens. Users participating in the crowdfunding need to stake DOT tokens on the Bifrost platform to support LAOS Network in obtaining Kusama parachain slots. In return, they will be entitled to $LAOS token rewards.
Now, with the successful launch of the LAOS Network mainnet, users who participated in the crowdfunding have finally reached the moment of harvest. According to the latest official announcement, users can now claim $LAOS rewards through the official page of LAOS Network. The claiming process is very simple. Users who participate in the crowdfunding on the Bifrost platform only need to use their own Polkadot address to easily claim the rewards.
It is worth mentioning that $LAOS tokens will be released in a linear manner, starting from the token online trading (Token Generation Event, TGE). This means that the $LAOS tokens received by users are not released all at once, but are gradually unlocked and circulated over a certain period of time. This mechanism is conducive to protecting the token price, preventing large fluctuations in the short term, and providing guarantees for the sustainable development of the project.
According to the linear release plan of LAOS Network, the tokens will be gradually unlocked within 3 years after TGE. Among them, the first release ratio is 12%, and the remaining part will be released in equal proportion every month in the next 33 months. This progressive release model will help the project party to steadily advance the ecological construction, while providing long-term incentives and returns for token holders.
For users who participated in the LAOS Network crowdfunding, the upcoming circulation of $LAOS tokens is undoubtedly a good news. However, Lao Mao also reminds everyone to hurry up and claim the rewards. According to the official announcement of LAOS Network, the deadline for claiming $LAOS rewards is August 31, 2024. If you miss this time node, users may not be able to get the rewards they deserve. Therefore, be sure to complete the claiming operation before the deadline.
In addition to receiving $LAOS rewards, users who participated in the crowdfunding can also simultaneously withdraw the staked DOT. LAOS Network officially stated that the DOT used to support its bidding for Kusama parachain slots will be returned to users on June 28, 2024. It is worth noting that this time point coincides with the pre-sale event conducted by LAOS Network through Tokensoft. Users can decide whether to use the returned DOT to participate in the pre-sale to further support the development of the LAOS Network ecosystem.
https://crowdloan.laosnetwork.io/
In conclusion:
Looking back at the experience of Energy Web and LAOS Network in the Crowdloan process, we can see the huge potential of the decentralized crowdfunding model in helping to launch projects. By cooperating with professional platforms such as Bifrost, project parties can complete token distribution efficiently and transparently, and get timely support and assistance when encountering problems.
For Energy Web, although the initial token distribution was regrettable, with the help of Bifrost, the project team quickly came up with a remedial plan to ensure that subsequent rewards can be distributed as planned. This attitude of actively responding to crises and taking responsibility is commendable. The professionalism and attention to user interests demonstrated by Bifrost in this incident have further consolidated its leading position as a blockchain infrastructure provider.
The successful launch and reward distribution of LAOS Network fully demonstrates the unique advantages of the decentralized crowdfunding model in supporting emerging public chain projects. By leveraging the technology and community resources of mature platforms such as Bifrost, LAOS Network has been able to quickly gain a foothold in the Southeast Asian market and attract more developers and users to join its ecosystem.
Of course, users who participate in Crowdloan are also the biggest beneficiaries. On the one hand, they have the opportunity to participate in ecological construction and obtain rich returns in the early stage of the project; on the other hand, thanks to the transparent mechanism of decentralized crowdfunding, their rights and interests can be effectively protected, avoiding the risk of misappropriation of funds or the risk of the project party running away with the funds.
Finally, using the examples of Energy Web and LAOS Network, Lao Mao would like to remind everyone that when participating in Crowdloan, you must choose a formal platform with a good reputation such as Bifrost, and follow the information released by the official channels of the project. Be vigilant against rumors on various social media and beware of being exploited by criminals.
Lao Mao (Twitter): https://x.com/readonlm
Bifrost related links:
Website：https://bifrost.finance
Twitter：https://twitter.com/Bifrost
Dapp：https://app.bifrost.io
