CardStarter is a new crypto launchpad that is making waves. It had a crazy launch, hitting $5 per token and then dropping to around $2 per token. A few days later, however, its token CARDS saw a record performance, reaching $40! That’s right: this project has been able to make a further x20 since its launch on Uniswap (taking the IDO price as reference the climb is far greater). But why all this interest in the CardStarter project? Let’s have a look!
CardStarter – The LaunchPad everyone was waiting for
First and foremost, it must be specified that CardStarter is a new platform for IDOs, i.e. Initial DEX Offerings. It will be the first to run on Cardano but for now, like many others, the platform is using Ethereum. CardStarter is a very selective launchpad that is committed to working only with projects with strong potential, so it won’t be easy to get into their launch program called the Card Accelerator Program (CAP). At the moment there are already a few announced projects that will be launched soon and among them we find x21, a startup highly anticipated in the crypto world.
In order to participate in the CardStarter IDO, users will have to hold a specific number of CARDS tokens, which is also the project’s token. Initially, the tiers were very high and many people had lost hope, but the team decided to lower them dramatically, creating a lot of interest in the token. At the moment the tiers are as follows: 500 CARDS to be able to participate in the IDO lottery, 1500 CARDS to be able to get a guaranteed place with a low investment limit in each project, 4500 CARDS for a guaranteed place but with a limit 3 times higher, 9000 CARDS for a guaranteed place with a limit 6 times higher and so on. There are also two special positions, called Aces and Jokers. Aces will be able to participate with a limit of 8 times higher than normal, but to do so they will have to be top holders or participate in LP programs. Jokers on the other hand are partners of the platform itself and will have special pools for each new IDO. In short, things inaccessible to us mere mortals.
The CardStarter token CARDS
The CardStarter project has a governance token called CARDS. The maximum supply of the token is only 10 million units and the distribution has been more than fair, ensuring record-breaking performance for the token itself.
2 million tokens have been sold in the presale with a linear token unlocking; 3 million tokens have been sold in the public presale, 1.3 million are or will be used to provide liquidity on the various DEXs like Uniswap, 700 thousand tokens will be used slowly to improve the platform and the entire ecosystem, 800 thousand tokens are intended for future partners to get more visibility, 2 million tokens belong to the team but even these are not unlocked from day one and 200 thousand tokens have been set aside for Advisors. An excellent token economy that has contributed to the very strong success of this new Cardano Launchpad.
On CoinGecko we can verify that currently the fully diluted marketcap is around 350 million dollars, but only a few days ago it was around 25 million dollars. This suggests that in a crypto bull run it is enough to hold the token of the right project in order to multiply your portfolio x10 or more times. In short, a gem that has made a lot of people happy but that will surely continue to rise, as the IDO sector is growing strongly (like NFTs until a couple of months ago).