This community-led cross-chain issuance platform plans to democratize the DeFi funding process

While the concept of subscribing to an Initial Decentralized Exchange Offering (IDO) may seem promising at first glance, the reality is always more complicated than it appears at first glance. Even some of the most popular distribution platforms often leave some mess for their early investors, as whale wallets dump their holdings after extremely short redemption periods.

Genesis Pool (GPool), a community-led cross-chain issuance platform, claims to have found a solution to the failure of the current distribution platform model. By creating a democratic platform to put more tokens in the hands of investors, GPool aims to create a scenario where retail investors can truly become seed investors.

Traditional issuance models often involve complex tiered systems and insufficient distribution of IDO tokens. Even if an investor manages to get the amount of tokens he wants, selling pressure from whales often sends the price of tokens into a downward spiral shortly after launch. GPool has resolved to address these issues by simplifying the process and creating a fairer distribution of tokens.

First, investors who buy into the offering with a reasonable initial investment are guaranteed a distribution of pre-sale tokens. GPool also does away with the tier system entirely, making all participants equal investors with equal voting rights.

IDOs for retail investors

Based on the belief that the retail investor community should be at the heart of the operation, GPool allocated 67% of the tokens it minted in its own IDO to whitelisted investors without requiring them to accept a waiting period after issuance.

“This will be the most generous token distribution (without seed or private investment) ever issued by an IDO, with individual distributions ranging from $500 to $1,000,” the project said at the time.

Shortly after, GPool reported that its IDO had been oversubscribed and that it had managed to raise $1.27 million. Now, the price of GPool’s native token has risen by more than 531% in a week, further boosting the confidence of its early followers compared to its initial launch price of $0.0038.

prepare for takeoff

GPool's first token listing, DePo, was a success and is now live on the distribution platform. The company plans to conduct three IDOs in total and is about to start its second listing, called Transient. The expected start date is September 29, with a target funding of $1.2 billion.

Transient is a decentralized ecosystem dubbed the "Amazon of smart contracts" that aims to facilitate blockchain adoption by non-programmers worldwide. Gpool plans to integrate with smart contract auditing and development platform Omniscia to "execute Transient's mission."

If the project does end up becoming a significant part of the cryptocurrency ecosystem, GPool's investor community stands to gain hugely with a fair distribution of tokens - something GPool's founders feel strongly about seeing the occurrence of the situation.

GPool said: “We negotiated with the project very early on, encouraging them to allocate most of the tokens to the community, to ensure that there is no sell-off, and to give more control to community members who really believe in the project.”

In the coming months, GPool plans to grow its community-driven ecosystem by including several new features. These features include a unilateral multi-token staking pool (Genesis staking pool), a rewards program for loyal investors (GPass), and even a token bridge in partnership with Glitch Finance, which will make the platform fully interoperable.