TL;DR Breakdown
- Forward Protocol token launch will go live this Monday and Tuesday.
- The SHO will launch on the DAO Maker on Monday at 12 PM UTC.
- The IBO will take place on MahaStarter on Tuesday at 3 PM UTC.
- Each FORWARD token will be sold for $0.005.
The exciting new blockchain project Forward Protocol is launching its native token ‘FORWARD’ on Monday and Tuesday. The first launch will be a Strong Holder Offering (SHO), which will take place on DAO Maker. It’s a blockchain-based fundraiser platform that connects Blockchain protocols to retail investors. The SHO launch will go live on 13th December at 11 AM UTC. However, eligible DAO holders will get priority access. Previously, whitelisted wallets were able to take part in the pre-sale.
The Initial Blockchain Offering (IBO) will begin on 14th December at 3 PM UTC. The IBO launch will take place in the MahaStarter launchpad. Forward Protocol will be enlisted as the second IBO on MahaStarter. Previously, the cross-chain banking platform Scallop ($SCLP) became the first IBO listed on MahaStarter.
On both launch days, FORWARD tokens will be offered at $0.005. The project aims to raise $100,000 in the two rounds. Forward Protocol raised $1.25 million in its two funding rounds.
Everything you need to know about Forward Protocol
Forward Protocol is launching as a project that will make blockchain adoption cheaper and easier for almost anyone. It provides a WordPress-like platform where businesses can customize and deploy blockchain tools without coding or technical knowledge. It’s as simple as drag and drop.
The platform will provide a pre-loaded smart contract templates library, where businesses can edit the contracts according to their needs and deploy them on the Ethereum blockchain. There’s also an opportunity for developers to add their custom templates to the library. Whenever their templates are used, they’ll also receive a portion of the fees in the $FORWARD token. Forward Protocol addresses the biggest barrier to wider blockchain adoption across industries: cost and technical skills.
The project is supported by many top-tier partners, including KuCoin Community Chain, Leyline, SupraOracles, Stakez Capital, ZBS Capital, Cambridge Blockchain Society, and many more. The project has integrated with partners across multiple industries, from education to community welfare and even the music and arts industry.
With the launch day just around the corner, Forward Protocol is becoming one of the most prominent blockchain solutions entering the Web 3.0 era.
