The Waggle Network introduces liquidity to assets held by project teams while keeping an eye on project quality for investors.
Waggle Network is a decentralized marketplace that allows retail investors to diversify their investments into the primary market. With their strong deal flows and strict due diligence procedure, they seek to provide retail investors curated opportunities to purchase vested tokens previously inaccessible to them.
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Waggle Network is a cross-chain protocol that unlocks liquidity for post-IDO tokens. It has announced a $3 million seed raise by leading investors including GBV, SVC, Genesis Block Capital, Basics Capital, Bixin Ventures, Gate.io labs, NGC, AU21, MEXC, HG Ventures, and Spark Digital. Waggle has announced the addition of strategic partners such as Solanium, Occam, and Poolz.finance to help boost the company’s multichain approach. Waggle’s team brings heavy experience in DeFi along with first-hand experience with a few of the major pain points that inspired Waggle’s creation. Projects have few alternatives to raise funds after their IDO. Most projects raise funds with institutional partners, which sometimes present them with less-than-favorable sales terms due to the illiquidity of such contracts. Many fundraising vehicles are available to crypto startups in need of capital. During the 2017 boom, ICOs proved particularly popular. Fast-forward to 2021, and new token offering models have come to the fore, not least IDOs – initial DEX offerings. Typically done on third-party launchpad platforms, this form of decentralized crowdfunding provides near-instant access to liquidity and trading, making it an available choice for crypto startups desperate to launch an asset and quickly receive funds. As with the best IDO launchpads, Waggle organizes due diligence on all projects, helping the way of their roadmaps, scrutinizing their tokenomics, and running the rule on their partnerships. The Network is currently building on Binance Smart Chain, ERC20, and Solana, though there are plans to expand to layer one chains such as Harmony, HECO, Enjin, and Avalanche. Crypto has come a long way, and before the year is out, it’s seen that blockchain-centric startups can blast past the $25 billion mark. As for investors, they will continue to seek out the next unicorn.
Waggle will soon announce more details around upcoming challenges, airdrops, IDOs, and liquidity mining programs designed to provide a go-to-market launch for the company. Do get connected to them on Twitter: @wagglenetwork.
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