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Pontem Network x Aptos Launcher Livestream Recap

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Thank you for joining us this week for our Friday livestream! Today we’re excited to have the Aptos Launcher team tell us about what their project and why they’re building on Aptos.

Alejo: Thank you for hopping on! Tell us more about your project, what you’re building, and your vision for the space.

Aptos Launcher:  So, we’re a good development team of about 7 tech mech who are all well-qualified and working hard. For the last 5 years, we have been active across crypto communities, especially helping with the Aptos development community. Because Aptos is a new blockchain with a brand new coding language called Move, we are helping them build the ecosystem. Aptos Launcher is a launchpad for decentralized communities.

It is fully decentralized and has been audited by 2 companies. We are in the state of the final audit. Development has already completed, and first, we are launching on Ethereum blockchain. Aptos is not fully available due to some updates that need to be completed. Once everything is ready, we will migrate from Ethereum to Aptos. We have tools for our users to mint tokens, and wallet mapping from Metamask to Aptos, and this can be used with Pontem as well. You can easily use Pontem and you can also map your Metamask wallet into Pontem Wallet by using the signature on Metamask. And then all of your portfolios on the Launchpad are migrated to Pontem. Overall, we are excited to launch very soon and we are very happy to be partnered with Pontem. It’s a very good project with a lot of achievements and many products. Very excited to work with you guys and we’re hoping it helps boost our community too. Many projects have been approaching us and via Aptos Launcher, we can help them integrate to Pontem.

Alejo: So the way that I understand it, it's a platform for fundraising and then launching coins and then distributing them to users? Could you give us a higher level overview of how it works and how people can use your products?

Aptos Launcher: So basically, Aptos Launcher is the first ever launchpad on Aptos and we aim to become the largest decentralized launchpad in the Aptos ecosystem, facilitating its growth. We’ll help potential projects launch on Aptos. They’ll fundraise through us and for the users who stake tokens, Aptos Launcher opens and users can stake those tokens in the staking section. Users will also get access to IDOs and private sales that happen on Aptos.

Alejo: That makes sense! What’s an equivalent on Ethereum that people might be familiar with?

Aptos Launcher: There are several launchpads on Ethereum, for one, Polkastarter. We want to do that same thing.  

Alejo: I’m definitely familiar with these. They’re super interesting because it’s a very decentralized and democratized way to do relatively fair launches. What type of projects have you been talking to to get started on these platforms?

Aptos Launcher: We’ve been talking to an NFT marketplace project that will be doing an IDO with us and we’ll be working on minting NFTs.

Alejo: Can you tell us a little bit about your roadmap? What types of features are you looking at integrating? What competitive advantages or differentiators do you have against others?

Aptos Launcher: What we’re building is a launchpad, It’s a bit different from others becausethey are going to provide very high liquidity at launch. The first few projects that have had an IDO so far are local projects. We also are taking steps toward enabling portfolio management on the platform. Users will be able to easily see their portfolio, which IDOs they’ve participated in, how they’re going, how many tokens have been released and how many are left, how the IDO is progressing, etc.  

Alejo: These seem to be popular with gaming and emerging markets that don’t have access to some of the venture capital funding mechanisms that a lot of the projects in the West do. Could you tell us more about your strategy for choosing the projects you work with? And who will be using the platform?

Aptos Launcher: This is going to be a very standard launchpad like any other. A project will come and say what they would like to do, and users will be waiting on the platform. Users stake their tokens in order to participate in the IDO. At the end of the IDO, you claim your tokens via the portal. Everything that was raised on the platform goes through all the liquidating, so in a way, if you print different tokens, it’s not like you hand over anything to the team. Everything that is raised will be locked in the liquidity profile on that day.

Alejo: What is the vetting process for a project to get listed on the platform? How can users trust that the projects they’re investing in are legitimate?

Aptos Launcher: We have a very good due diligence team and they vet the projects very thoroughly. We make sure that the liquidity is locked for every project launching with us.  

Alejo: What does locking liquidity mean?  

Aptos Launcher: It means that at the time of launching the token, the liquidity is locked up so they don’t dump on the investors. There are two parts: the claim part, which is whatever is supposed to be given to the round of investors.  public or private, the team has a claim. They take the tokens and lock them. Second part is the liquidity lock. At the launch, you invest $200k in a public IDO. What the team will do is take an equivalent amount of tokens that they provide as liquidity at the time. So they make sure that they’re starting to build the liquidity of all those things covered by your multi-sig wallet, which even the team is also associated with. At least for the first 30 days for every project. Same thing for the claim tokens. They take the core tokens beforehand, so there is nothing left at the end of the vesting terms.

Alejo: So you guys are setting up the best thing for allocations to the private investors of these coins? Those can be set into the coin contracts themselves, right?  

Aptos Launcher: Basically the project team sends the tokens and we manage the claim and the vesting schedule. We also make sure that the public allocation is not actually handed over to the project, but instead is used to provide liquidity.

Alejo: So all the coins, both the project’s coins and the coins that are being collected for the IDO, are being managed by an Aptos Launcher multi-sig and y’all then distribute the corresponding coins back to the project team, and even the private and public investors. So you guys are like a central clearing house, and then you redistribute the coins accordingly. Am I understanding that correctly?

Aptos Launcher: Yes, you are correct. Throughout the whole process, we are protecting our investors so that the project that is launching can’t trick anybody.

Alejo: I think you guys could build this more with smart contracts. You might not even need a multi-sig. You could potentially just build a contract that includes the vesting periods for the coins, how many coins are going in, how many will go back out, etc. So why go through a centralized entity with a multisig as opposed to just building contracts that can be transparent and audited for distributing the coins?    

Aptos Launcher: Well, the smart contracts are provided by the project team itself, and we make sure that the terms are honored. The multisig is just an extra precaution.

Alejo: Can you walk me through the output of how the coins are distributed?

Aptos Launcher: The output is such that if the private sale investor or the public sale investor send the money and have to claim the tokens using our dashboard, you connect your wallet on the dApp and then you can claim the tokens there.

Alejo: And then behind the scenes, is it a multisig that’s doing the distribution, or is it a contract that can be transparent and audited?

Aptos Launcher: It’s a contract.

Alejo: OK, thanks for the clarification. I’ve never gone in-depth into these launch pads so it’s good to have an understanding. I do have some thoughts. I think it could be more decentralized, but there should definitely be some safeguards.

Another portion you touched on was locking up the liquidity. Is that putting that into liquidity pools on an AMM or locking up the liquidity as in being released to the teams? How do these coins start to trade? How are markets first created for these coins after these IDOs happen?

Aptos Launcher: So the liquidity that is raised from the investors, private or public, that liquidity is locked and the team also adds more liquidity so users can go to their desk and, depending on the project, they choose and add more liquidity.

Alejo: So all of the liquidity that is raised goes into a liquidity pool that can be traded?

Aptos Launcher: Yes.

Alejo: Oh wow, that’s interesting. So if a project raises $100k, that is locked in a liquidity pool that gets put into an AMM liquidity pool?  

Aptos Launcher: Yes.

Alejo: But only for a period of time I assume, and then the team will eventually use those funds to develop the project itself?

Aptos Launcher: Yes, it will be locked for a minimum of 30 days.

Alejo: That’s an interesting model. After the 30 days, who maintains the markets?

Aptos Launcher: The decision for the liquidity will be decided by the team.

Alejo: That makes sense. Hopefully there’s enough liquidity to have liquid markets after 30 days.

Aptos Launcher: After the 30 days, the project team will decide liquidity and have the initial marketing for all products.  

Alejo: That makes sense. I guess these are relatively small projects so maybe not a ton of liquidity needed. Are you guys thinking through any extra security measures or compliance measures? I think Polkastarter does KYC/AML for example. Is that something you guys are also thinking through so that these teams or projects don’t have counterparties that are money laundering or terrorists?

Aptos Launcher: We will be adding KYC very soon so that we vet the project and the team members very thoroughly. We won’t be doing KYC for the token purchasers at the moment. We will just limit some geographical locations.

Alejo: That’s very interesting, because you definitely lock out a lot of people with something like KYC/AML. I wonder if you can put in some tooling like Chainalysis or some financial monitoring tooling so that OFAC sanctioned funds or addresses don’t get into these pools somehow. Maybe that’s something you could think about because that could be a risk.  

Aptos Launcher: It’s a really good suggestion and I’ve written notes to tell the team.

Alejo: Tell us about how you find projects. What is the process for recruiting projects?

Aptos Launcher: So projects can reach us directly and we also have a form that they can fill out. We collect all their social media handles and see a product demo. We also check their code and do a complete code review. We check the tokenomics and check that they’re fair.

Alejo: Are you guys ensuring that these teams are auditing before launching? Especially their coins, making sure there’s no infinite mint function on their coins?    

Aptos Launcher: Yes, every project that launches with us will need to submit an audit report that we can verify.

Alejo: Yeah this seems like a more safe solution than just random websites on the internet for ICOs, so I definitely see the value in this. I think it really does democratize access to capital for a lot of these projects that don’t have the connections or insider inputs into the venture capital firms that exist for teams that are launching in the West. I think it’s a more fair way for projects to launch.

Aptos Launcher: What you’re saying is very true, and we need to make sure our investors are safeguarded.

Alejo: That’s what I’m thinking. These are maybe riskier projects where they could run out of runway or not deliver on all of their milestones. So people also need to take that into account, especially given that the amounts of money raised are substantially smaller than some of these other, bigger projects. I think a lot of these projects have good intentions as they collect funds for their tokens, but maybe they run into issues they weren’t anticipating. I wouldn’t say that that’s a scam but it’s definitely a common thing. Businesses and projects fail. The interesting part about blockchain is that if you actually launch your contracts and have them up on the blockchain, it should theoretically live on without you. So even if your team can no longer develop, your product can still exist in perpetuity. It’s interesting because it’s definitely a way to democratize access to capital for building this stuff worldwide, while also putting in some safeguards for people so at least you know these riskier projects are still getting the attention they deserve.

Aptos Launcher: Yes, definitely. We believe that the money of every user is important. It doesn’t matter if it’s $100,000 or even $10. We need to make sure that people don’t get duped at the start of launches, which is why audits are a must.

Alejo: These types of safeguards need to be put in place, and should be best practice and more accessible. Tell us a little bit more about some of the specifics of your product. I saw that you had a tax there, something like 7%. Tell us how that works and what it means.

Aptos Launcher: Yes, so we have implemented a taxation model. There will be a 7% tax on buying and selling, and in about 15 days the buy tax will be reduced to 0% and the sell tax will be reduced to 5%. Later on, this tax model will become the normal one. So the tax will be used to drive growth of the Aptos Launcher and we have also introduced a very unique offering called  Degen VC, which is the investment arm of our project and it will invest in early stage potential projects and the profit generated from the Degen VC will also be shared with the speakers.

Alejo: So first question on the tax, is the trading limited to a specific venue? Like you guys have your own AMM where you’re putting this tax or how does that work?

Aptos Launcher: No, we do not have our own AMM.  

Alejo: Is the tax implemented on the coin every time it’s traded?

Aptos Launcher: The tax will be collected in a smart contract. And there will be a marketing wallet which will be posted publicly to maintain transparency within the community.  

Alejo: Is the tax implemented any time someone buys or sells the coins? Could you go into a little bit more detail?

Aptos Launcher: Every time someone buys our token, there will be a tax of 7% right from the start and if they want to sell, there will also be a 7% tax.

Alejo: So that’s similar to Safecoin I think. There was a 7% tax on transfers I think.

Aptos Launcher: With the taxation part, we have not fixed the taxation. We will do community voting after 15 days and based on how the community votes, we’ll move forward. But that will get us started on price.

Alejo: My next question is how do you follow up with these projects? What does it look like after a project launches for the next 6 months, 1 year, 2 years, etc?

Aptos Launcher: We will provide them all with tech support from the start of their launch. We also ask our own community members to help them with the marketing part and anywhere the project can improve.  

Alejo: Let’s jump into some community questions.  

  1. What’s your strategy for building a strong community, and what services do you provide for the community?

Aptos Launcher: Community is very important. As we see with any project, it plays a vital role which determines the success of the project. We aim to build a strong community globally and we have planned to keep the community engaged and excited for Aptos Launcher so that they can be a part of it.    

  1. According to the website, we will need to stake to be qualified for a particular tier on the launchpad. Does the length of time the required token was staked matter? For example, if staking 100 Aptos qualifies one for a Tier 1 allocation, if I want to participate in a project launching on the launchpad in the next hour, does staking 100 APT a minute or hour before sales go live mean I’m qualified?

Aptos Launcher: I’m very glad someone asked this question. Yes, you will be eligible even if you stake at the last moment. But remember, there is a holding period for staking your coins. You cannot withdraw your coins instantly right after staking or participating in the IDO.

Thank you Aptos Launcher for joining our Fireside Friday live stream chat. It’s been very enlightening. Follow Aptos Launcher on all their social media to keep up with their project.  

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