Symbiosis IDO on DAO Maker
Symbiosis IDO on DAO Maker

Symbiosis IDO on DAO Maker


1. PROJECT OVERVIEW: WHAT IS SYMBIOSIS?

Symbiosis is a multi-chain liquidity enabler. It allows anyone to swap tokens between all the chains while remaining the sole owner of the funds.

2. A. GO-TO-MARKET STRATEGY

High-level go-to-market strategy for Symbiosis consists of four pillars:

  • Content and co-marketing with crypto projects. The learn-to-earn feature is a great opportunity for new and experienced users alike to gain some free cryptocurrencies whilst learning about the newest coins on the market. This program benefits the coin founders by spreading awareness and exposing a large user base so that it can be considered a win-win both for Symbiosis and various coin projects.
  • IDO and close work with KOLs. Symbiosis sees the IDO first and foremost as a marketing tool to attract a large number of early supporters and holders of their token, whom they can easily convert into loyal regular users of Symbiosis. For this purpose, it is planned to work with KOL from 8 regions (Europe, China, Japan, Korea, Southeast Asia, Latin America, Russia, and the CIS, the Middle East). As their IDO partner, DAO Maker participated in the seed round as well.
  • Strategic partnerships and crypto education. Their strategy is to achieve long-term ties with both crypto companies (custodians and wallets, compliance software companies etc), as well as with TradFin institutions like banks, clearinghouses, and some more. Besides, they also plan to make use of sponsorship options for blockchain education programs, like, the University of Nicosia (which provides the first-ever Master in Digital Currency program).
  • Referral program. A popular method amongst numerous crypto platforms is the idea of referrals and rewards. The Symbiosis Invite Program will allow anyone to earn some stablecoin (like BUSD) for bringing onboard crypto friends. Also, they plan to offer their own SIS token to drive adoption.
  • Mobile SDK and API to drive Symbiosis adoption among already existing wallets and services with a huge user base

2. B. PRODUCT VIABILITY

1637599471_Competitive%20matrix%20(1).webp

3. PRODUCT ROADMAP

1637599462_Roadmap.webp

4. REVENUE STREAMS

1637599451_Rev%20Streams.webp

5. TECHNOLOGIES USED BY THE PROJECT

  • Solidity
  • Rust
  • Go
  • JavaScript
  • Node.js
  • React
  • Crosschain Swap Router
  • Metarouter
  • Concentrated Cross-chain Liquidity Pools

6. TEAM

1637664687_Team%20(2).webp

7. CAP TABLE

1637599438_Cap%20Table.webp

8. TOKEN ECONOMY

1637599431_Token%20Economy.webp

9. DETAILED TOKEN METRICS

Seed Round     

  • Fundraised: $2,000,000  
  • Price: $0.20  
  • Lock-up: 10% at the TGE, 4 months cliff, then 3.333% on a monthly basis  

Private Round    

  • Fundraised: $3,000,000  
  • Price: $0.50  
  • Lock-up: 10% at the TGE, 4 months cliff, then 5.294% on a monthly basis  

Strategic Round    

  • Fundraised: $3,525,000
  • Price: $0.75  
  • Lock-up: 10% at the TGE, 4 months cliff, then 5.294% on a monthly basis  

SHO   

  • Fundraised: $435,000 + $5,000 Community Round  
  • Price: $0.80  
  • Lock-up: 25% at the TGE, 4 months cliff, then 25% on a quarterly basis  

ByBit Round    

  • Fundraised: $520,000  
  • Price: $0.80  
  • Lock-up: 25% at the TGE, 4 months cliff, then 25% on a quarterly basis  

Gate.io    

  • Fundraised: $50,000  
  • Price: $0.80  
  • Lock-up: 25% at the TGE, 4 months cliff, then 25% on a quarterly basis  

 

10. TOKEN DISTRIBUTION

1637599397_Token%20Distribution.webp

11. TOKEN RELEASE SCHEDULE

1637599391_Release%20Schedule.webp

How do you rate this article?


80

0

Symbiosis Finance
Symbiosis Finance Verified Member

A decentralized multi-chain liquidity enabler. Symbiosis aggregates liquidity across all EVM-compatible blockchains. Swap between any chain with low slippage.


Symbiosis Finance Blog
Symbiosis Finance Blog

A multi-chain liquidity enabler.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.