Follow up: The DAOventures Polkastarter TGE
The last few weeks have been a trailblazing combination of funding from some of blockchain’s most recognised funds, partnerships with other innovative DeFi and blockchain protocols and platforms, and of course extensive product development behind the scenes. But this was all leading up what became the main event for the DAOventures team and community — the Polkastarter IDO on Thursday 18th February 2021!
We have been humbled to receive so much appreciation and support from both the Polkastarter and the wider community, and being given the opportunity to launch our token on the most popular decentralized fundraising platform was too something the DAOventures team is proud of.
The run up to the big day
The build up to the Polkastarter sale received huge attention from the crypto and DeFi community at large and was like nothing we as a team have ever experienced before. We ramped up marketing and awareness efforts across social media and publication outlets to make everyone see just how special the DAOventures platform is and how it is going to be an influential platform that opens the gates to mainstream DeFi adoption.
Our Whitelist Lottery gave everyone the chance to participate in the DVG IDO and we knew it would be a popular event, but we were nonetheless still blown away by the level of response — we received a total of 29,435 valid submissions! A total of 600 applicants were selected (including the 10 competition winners from our awesome meme competition), 300 for the POLS pool and 300 for the public pool with a maximum cap of $300 per winner.
Then came the day that the community had been so patiently waiting for — the DAOventures community Telegram channel was muted, the countdown began and then at 1pm UTC both pools opened. Just as quickly as it opened, the DVG IDO on Polkastarter was sold out within 2 minutes! DVG traded on Uniswap at a high of 38x with over $35,000,000 in trading volume over a 24 hour timeframe and now has over 2300 holders, which is mindblowing for a project that has been listed for just two days. You can find out the current trading stats over on CoinGecko.
We would like to take this opportunity to say an enormous thank you to everyone who has been supporting the DAOventures vision, who participated in the TGE and for those who took the time to enter the Whitelist Lottery but unfortunately did not win, we also thank you for wanting to be a part of the DAOventures journey — We hope to see you in the community nonetheless as we are confident that the suite of DeFi products we are offering will benefit everyone in the cryptocurrency space in the months and years to come!
Rest assured we will not be turning down the heat one bit now that our public sale is over and, with a myriad of strategic and development partnerships being announced in coming weeks we will continue to form strong bonds with fellow trailblazing projects in the DeFi and blockchain space.
2021 is set to be a year like no other in the world of finance and cryptocurrencies, and we plan to be a driving force in the adoption of decentralized finance, giving the world the tools and easy access they need to break free from the outdated and monopolized financial institutions that have stifled growth in the past.
We are more excited than ever about the future of the DAOventures platform, cryptocurrency, DeFi, and we are happy to have such a strong community behind us on our journey.
DAOventures is a DeFi robo-advisor and automated money manager platform. Imagine “Robinhood for DeFi”. It is our mission to make DeFi simpler, accessible & inclusive. We believe in creating a simpler, more accessible, and more open world that is permissionless, inclusive and guided by our DNA of continuous learning, integrity and transparency.