The Drops team is excited to announce our initial DEX offering (IDO) for the $DOP token on Polkastarter! We will release a second post soon containing the full details of the sale, including the official date and whitelisting instructions.
Drops has already been fortunate enough to receive some strong backing in our $1 million private investment round earlier this year, led by Axia8 Ventures, Bitscale Capital, Blocksync, AU21, x21, D64, Genblock, and Drops Ventures.
120 individual investors from the crypto community also contributed to the round, including Andrey Balyasnikov (Head of Products at Zerion), Richard Ma (CEO of Quantstamp), Michael Gu (a.k.a. Boxmining), Marc Weinstein (Head of Platform at Mechanism), Joseph Delong (CTO of Sushi), Ian (Blockparty and nft.org), Ben Lakoff (Charged Particles), Nick Sawinyh (builder of Defiprime and DexGuru), Hartej Sawney (Zokyo), Cooper Turley (a.k.a. Coopahtroopa), Sergei Chan (BlockScience), Regan Bozman (formerly at Coinlist).
We have also established partnerships with some outstanding parties such as Quantstamp, 0xb1, Kyros Ventures, Zokyo, Petrock Capital and Blockstar Technologies.
The Drops team is extremely grateful for the overwhelming support from all our investors, partners and the wider crypto community so far. It serves as significant motivation and we continue to build with their best interests at heart.
Powering the Drops ecosystem will be $DOP, the platform’s native token. $DOP will be used as one of the primary means of payment on Drops, as well as provide governance rights via a hybrid governance model.
$DOP holders will also be granted access to private NFT drops, while $DOP liquidity providers and stakers will receive staking rewards.
Polkastarter is a permissionless decentralized exchange (DEX), with a large and passionate community. Being optimized for cross-chain token pools and auctions, Polkastater is currently one of the best platforms for raising and exchanging capital in a fair and efficient way. Users will be able to use Polkastater to confidently and securely participate in the $DOP IDO.