On the AngelBlock platform, there is an ongoing run for Tholas ($THOL), a native token for community members starting November 16 and running until November 30. The team also unveiled three startups in the AngelBlock Startup Grant program, each receiving 30,000 USDT and qualifying for listing on the platform to raise more on-chain donations.
Good Timing in a Bear Market?
The fall of this year has been an extremely busy time for the AngelBlock team. Over the past few weeks, protocol creators have devoted themselves to the finishing touches needed to launch v.01 of the platform. It was presented on October 31, 2022, after hackathons and sleepless nights.
AngelBlock is a decentralized and unsupervised DeFi project, which is essentially a protocol-based fundraising platform. The protocol’s smart contract-based infrastructure is built on Ethereum along with other EVM-compatible protocols to facilitate the creation of a multi-chain resource for the next phase of growth in Web 3.0.
Everything that happened with FTX, which shook not only the market but also the trust of the people, clearly shows us that the problem that the AngelBlock protocol is solving has attracted even more attention.
Description of AngelBlock:
We build DeFi tools for Web3 installers. We enable protocol-based fundraising, on-chain authorization and token distribution. This is a conducive environment for investors, startups and the community to come together for a more fair and transparent experience.
AngelBlock is a protocol that provides added transparency and security for everyone involved. Many in the ecosystem will agree that this is something that has long been neglected and necessary.
in full swing
The Tholos token is currently live on the AngelBlock platform, starting on November 16 and will run for a two-week period ending November 30. Contributors should keep in mind that in the Community Stage, the Tholos token can only be purchased with $USDT. Additionally, anyone who meets the KYC requirements can join immediately, with amounts ranging from $500 to $25,000.
Once AngelBlock starts listing startups for upgrades, all KYC users will also have ease of use.
The EU team also announced three winning startups that will each receive 30K USDT in the AngelBlock Startup Grant Program and will be listed on the platform to raise more donations:
Challenger Project: An e-sports startup with the slogan play and win.
Data Lake: Consent-to-Earn (C2E) platform that creates a global Medical Data Donation system based on blockchain technology.
Impact Finance: Impact Finance that builds sustainable digital economies around focused high-impact causes. They are currently building inTheory, a digital platform.
More than 50 startups from all over the world took part in the platform. The winning startups have done their due diligence and fundraising will begin soon on the AngelBlock platform.
Personal DeFi Tools
AngelBlock’s main goal is to democratize fundraising on Web 3.0, as well as establish a compliant industry standard for token-based projects that are forward-looking, geo-agnostic, more secure, and more transparent than anything currently available on the market.
In addition to the main purpose of the protocol, AngelBlock allows founders and crypto projects access to on-chain authorization, capital statement management and token distribution tools that will make the normal processes related to investor management significantly more effective and efficient (around 20%). The short-term goal of the AngelBlock team is to keep the broader crypto community safer by providing tools that can impact the $2.8 billion lost in rugpulls in 2021 alone.
In addition to the overall goal above, the team delved into the features within the protocol that work in harmony from a strategic perspective while working on risk mitigation for all stakeholders. These have been made taking into account the following.
- Applying MiCa/EU regulatory guidelines to protocol procedures, verifying through due diligence process and ensuring investors go through KYC. AngelBlock has longer-term plans to do the same in the US if and when the regulatory environment allows.
- The implementation of post-upgrade voting by investors to a certain standard to establish guidelines and conditions for the obligations required for startups to receive funding.
- Decentralize the protocol by encouraging external validators to do initial due diligence and ensure governance moves accordingly. This allows for leveraged community building and increases opportunity, as validators are encouraged for properly vetted and fundamentally sound starter lists. There will also be a deduction of rewards for validators who do not meet certain core requirements and only approve listed attempts to be listed. In this way, AngelBlock hopes to provide an organic growth environment of quality, game-changing initiatives that increase the overall value of the AngelBlock protocol and all related ecosystems when the protocol transitions to a multi-chain structure.
When I found the crypto industry, I wanted to make it a little bit better. I truly believe AngelBlock has the potential to set the standard for future crypto projects. Along with an infrastructure perspective, I hope it helps establish a regulatory perspective.
Alex Strzesniewski, Founder & CEO
To stay up-to-date on the upcoming Token Generation Event, we recommend signing up for the AngelBlock Newsletter or joining the friendly AngelBlock community on Telegram, where team members are very active and willing to discuss every possible topic.
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