We’re truly living in a crypto universe. Every month, scores of projects launch, bringing new ideas and concepts into a virtual world, with real world utility. However, this poses a problem of plenty - How does one get access to the best projects?
Discoverability is a concern, but xHashtag is here to solve it. What’s more, it isn’t solely solving the issue of grabbing eyeballs, it’s also fixing a major challenge most of these new crypto projects face - that of funds.
xHashtag is an ambitious project that has put some of the best minds in the industry together to solve three major crypto-startup problems - Community, Liquidity and Treasury. In their words, xHashtag is a 360-degree Web3 incubator, launchpad and accelerator.
360-degree Web3 Accelerator - What’s that?
To understand this, we need to break the term up. Firstly, it is a Web3 accelerator - It facilitates Web3 projects to grow into something bigger and better. But how? This happens through a 360-degree approach towards Community, Liquidity and Treasury.
Community is something that xHashtag is already great at - Having a mammoth community themselves, they’ve demonstrated success through campaigns with upcoming Web3 projects, boosting community numbers by as much as 3800%. All due to their ability to mobilize members within their community (150k on Twitter and 140k on Telegram, apart from other social presence) to embrace their partner projects.
Next up is liquidity and treasury, essential for any project to sustain. We’re hearing that xHashtag is in the final stages of building a high APY launchpad with a complete set of tools to propel liquidity and treasury building. This covers all the bases for project acceleration, allowing the project to focus on building a great solution!
A High-Yield (High APY) Launchpad - What’s that?
Initial Offerings (IDO/ICOs) are a tried-and-tested launch strategy for Web3 projects. However, we’re sure no one would refuse an additional boost to their liquidity, treasury and community. This is where the xHashtag launchpad comes in.
As a high APY launchpad, it provides a fair and equitable platform for everyone to partake in the project’s launch, incentivizing users through high returns in the initial stages where liquidity bootstrapping is paramount. This also helps generate buzz for the project through KOLs and word of mouth publicity.
In contrast to existing VC-funded protocols where a small number of large private investors own the majority of initial supply who are incentivized to book profit at vulnerable point of the project’s launch when it’s at its weakest, xHashtag starts with a low float market, incentivizing people to purchase discounted tokens directly from the treasury through LP token or stablecoin backed minting, and then provide immediate utility through single asset staking with no impermanent loss. All this reinforces the project liquidity and treasury.
As returns wane over time, the launched token's real utility will kick-in in order to maintain a stable foundation and high valuation. This is where the APY halving occurs to keep things sustainable. Through support for single asset staking and APY halving, xHashtag creates the perfect foundation for the project.
The xHashtag Incubator
An all-inclusive solution for Web3 projects to grow, xHashtag singularly addresses most of their pain points. This helps the project focus on building without having to handle the peripheries of project sustenance. Thus, xHashtag can be likened to an incubator for Web3 startups aiming to make a mark in the cryptosphere.
Campaign rewards are distributed in the project’s native tokens, thus generating and sustaining token utility. By ensuring organic dispersion of the project’s native tokens, xHashtag helps achieve true decentralization, equating to high ROI, increased eyeballs and a larger active community.
xHashtag’s native token $XTAG is already tradeable on popular exchanges like KuCoin, Gate.io and Raydium. Adding to the token’s utility over time, xHashtag aims to give the token greater meaning and value.
As part of their multichain expansion, they are bridging $XTAG to Avalanche Network, unlocking greater liquidity and interoperability. “We intend to be an all-encompassing solution for Web3 projects to get the ever-important initial boost, putting them on a trajectory of sustainable growth” says Monica Durga, CEO, xHashtag.
Summing up, xHashtag as a Web3 incubator, launchpad and accelerator holds great promise and potential. Their initial strides have been nothing short of impressive, which augurs well for their future.
