
By StarLoom
First decentralized Launchpad on Stellar with SocioFi features, community quests and engagement tools with Soroban integration
The main objective of StarLoom is to create a wholesome experience for projects launching their own tokens (and corresponding smart contracts), in particular facilitated by Soroban. One of the typical hurdles that projects face when trying to fundraise via a decentralized token sale is the inability to engage and gather the community. In fact, projects are almost expected to have a community before they are able to proceed to fundraising. However, even in that case, launchpads rarely provide the toolbox to create/test smart contracts, as well as have the ability to utilize transparent cliff/vesting functionalities or easily create snapshots with the following air-/retro-drops. StarLoom is aiming to become the ultimate Launchpad on Stellar blockchain to ensure a smooth launch and prosperity of great ideas.
Projects listed on our launchpad also benefit from a number of built-in tools at their disposal that allow for easier user engagement, brand building, content sharing and rewards. These benefits combined ensure a greater chance for a successful launch, as well as continued support after. Those include:
1. Custom no-code page builders - to allow the projects to share the valuable information, while employing their unique style, branding and more. This is a more user-friendly approach both to the project's appearance and retail client experience. 2. No-code campaign builders allow the project to create quest-like campaigns for the entire userbase of the platform to immediately witness and take part in. This way, not only the projects save time and money by having a simple solution to use without the need for other platforms, but also get to involve their direct target audience straight away. 3. Air- and retro-drops have become an integral part of any successful project's launch. However, due to the need of timely and user-transparent snapshots, followed by an equally complex mechanics to send out the rewards, many projects are often limited and otherwise occupied with unnecessary development of such mechanics. Our internal tools allow projects to perform air- and retro-drops in a transparent, efficient and economical manner. 4. Quests tiers can be customized and adopted by the projects to make sure that the users are engaged in meaningful tasks that unlock access to larger allocation. This is going to be especially effective with 'whales'. [Soroban-enabled] 5. Raffles, being rather self-explanatory, provide projects with an opportunity to hold raffles or lucky draws for their supporters for any asset, including physical and redeemables. 6. 'Happy Hour' is yet another marketing-gamification that would ensure a frequent monitoring from the userbase. Projects can set the Happy Hour, where all of the users participating in the IDO would receive a discount/bonus tokens during the indicated time and circumstances. This also would force the spawn of community-driven monitoring systems, Telegram and Twitter bots with announcements. [Soroban-enabled] 7. Rocket Race mechanic acts as a duel system, where a project would be able to challenge another project to receive the most support from the community. During the Rocket Race duel, the participants lock an equal amount of funds into the pool and the race commences. The winner then receives our marketing/boosting activities (on external media outlets), while both projects would be featured on the main page. This is an additional mode to those described in retail user section. [Soroban-enabled]
User engagement with the launchpad's projects is the key to successful launch. That's why we have devised a social scoring system with GameFi tier mechanics to make user experience more involving, rewarding and entertaining. Those include:
1. Community voting system - where the users directly vote for the projects they believe in. Not only this provides newcomers with a transparent way of filtering the most popular projects, but also boosts projects' confidence and provides direct metric of support. Furthermore, users inherently get a limited number of upvotes, so they need to spread them wisely. However, upon reaching higher tiers they would have more upvotes to spend, as well as the weight of their votes would be higher. This way, each upvoted project would have a dual social score - overall number of votes and weighted votes (shows where the whales/OGs are). 2. Rocket Race mechanic allows projects to participate in the battle of brands, where the retail users will be able to support either of the participants. This mechanic has 2 game modes. In the first, each project allocates an equal amount (stablecoins or platform's native tokens) to the prize pool, where the winning team takes all (minus a small commission of the platform). This way the projects benefit from increased engagement with the launchpad's community, front page banner and corresponding announcement. The second mode allows the participating projects to allocate an equal value in their tokens to the prize pool, where the winning team would receive the loser's token pool to be distributed according to the user's impact in the voting. This way the winning team receives additional tokens from a project they did not participate in, thus benefiting the users directly, while the losing project receives additional exposure and holders (alike airdrop). 3. Since it's in human nature to seek collaboration and to flock, our Guild mechanic would allow to create such groups with their own tiers, ratings, gated and non-gated discussions and content. This way, not only it rewards active, knowledgeable and profitable users, but allows to communicate easily within such communities. Additionally, it becomes easier for the projects to appeal to the entire Guild and enlist its support. [Soroban-enabled] 4. Guilds also benefit from and encourage higher activity from their members by getting access to various platform's perks, discounts, higher allocations and more. 5. 'I bet you will' mechanic is similar to the quests conducted by the projects (see campaign builders), but follows the steps of the eponymous TV show and therefore serves the entertainment/challenge purpose for the retail users. Under this mechanic the users are able to create free-for-all or gated challenges with various rewards. As the common sense dictates, a set of rules and moderation would be required. [Soroban-enabled]
Other Quality of Life and utility features that our team found important for the overall satisfaction of both ends of the platform's users described below:
1. P2P pre-market trading, as the name suggests allows for the users who participate in a project's launch to trade their assets before the official listing and corresponding trading on exchanges happens. This allows for the two scenarios to occur, namely the users to freely exchange their newly acquired tokens for other tokens of the launchpad, and to sell a specific token to make an exit. While this idea is simple, it provides increased liquidity for the owners and additional flexibility to investment strategies. Moreover, it creates a whole new secondary market, which in turn creates higher user activity and increased publicity. 2. Refund system serves a few purposes. On the one hand, the projects that opt-in for this feature are automatically issued a publicly visible badge as a means of communicating its transparency, trustworthiness and confidence. Consequently, the increased safety measures amplify users' trust, therefore resulting in higher investment amounts and general trust in the project. Please note that the Refund will only be available for 7 days and is subject to the project agreeing to use this feature voluntarily. [Soroban-enabled] 3. Referral cashback for projects means that projects can receive cashback on the launchpad's commission, if the users participate in the launch via the referral link. While in practice this will result in decreased profits for the launchpad itself, it provides the projects with an additional incentive to further boost their social media promotions and save money in the meantime. In the end, many projects require a launchpad's infrastructure, while having their own dedicated community already. 4. Referral system for retail users is a modification of the referral system available for projects. Retail users will be able to invite their friends to participate in the project's launch and receive various perks ranging from native social points and tokens of the launchpad to additional airdrops. This not only ensures additional incentives for the active community members, but also boosts projects' promotional activities via the word of mouth. Moreover, users also receive internal point rewards for the general referrals brought to the launchpad with their referral links. In turn, those points will unlock additional perks, access to higher Tiers and allocations and later would be exchangeable for the native tokens of the platform. 5. Tiered marketing boosting is an initiative of the launchpad that essentially states that upon reaching certain Tiers, the project will unlock various benefits like discounts on marketing activities (with press releases on top crypto news and media outlets), AMA sessions, access to the industry's KOLs and more. Furthermore, since it is in the best interest of the launchpad to see more successful launches, our team will ensure best possible marketing support for the worthy projects.
Points system acts as the immediate visual reward for the users based on their activities and thereby shows the social status within the ecosystem. Those points can both be earned and spent based on what the user does, as well as converted into the launchpad's native utility token. Points are associated with a number of paths, such as:
First wallet connection - 10 points earned KYC completed (non-compulsory) - 50 points earned A new referral brought to the launchpad - both earn 5 points each A new referral completes KYC - 10 points earned Log in to the launchpad 7 days in a row - boost your token earnings x2
NB. points system is subject to potential change and will be announced accordingly
Depending on the account's Tier, there also exists a progressive multiplier for points earning. Moreover, the points used within the launchpad do not decrease the account's Tier, while converting points into the native utility token does. However, holding (staking) and using the native utility token also grants additional benefits, with some of the activities being accessible only via the use of the token.
Benefits to completing a KYC:
Tier increased by 1 Increased allowed allocation portion Higher voting power (weight) of the dedicated points Early access to the launching projects
$45.9K

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