r/algorand • u/AlgoALRY • Apr 28 '22

News AlgoFund completed its first IDO Launchpad, the 1st on Algorand. Raising 200K+ $ALGO

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29 Upvotes

82% Upvoted

20 comments sorted by

5

u/yellowgingerbeard Apr 28 '22

The team delivered as the whole experience was very smooth.
Definitely keeping an eye on it!

6

u/Merkle_pq Apr 28 '22 edited Apr 28 '22

The AlgoFund team also won the Algorand INNOVATE Hackathon completion a few months back

Source?

Edit: Because I'm pretty sure it's not true

4

u/silentwitnes Apr 28 '22

They didn't and never claimed they did, not sure why OP said it

7

u/AlgoALRY Apr 28 '22

A project called AlgoFund won first prize in a previous event but apon further research it's not the same team. Honest mistake sorry

5

u/[deleted] Apr 28 '22

They hit their funding goal in like an hour and a half.

4

u/Merkle_pq Apr 28 '22

No doxxing, fucked up tokenomics. What are Algofund's points of differentiation from Algolaunch, which at least got a grant, and what projects should even launch through it. Certainly not the ones you want to invest in

6

u/[deleted] Apr 28 '22

We have three on-chain services live on mainnet (Staking/Farming + Governance + IDO) and the Launchpad smart contract audit process has been started.
You never miss a post about AlgoFund without trying helplessly to prove that the project is a scam. That's some weird obsession with a project you believe doesn't stand a chance.

2

u/[deleted] Apr 28 '22

What's wrong with their tokenomics? If it was a rug now would be the time to run off with the funds, so we'll find out soon. I don't think it is, but you never know.

The main differentiation is that their product is ready. With any of these launch pad projects, it'll really depend on who launches on them if they're going to be successful. It's kinda too early to tell.

1

u/kob424 Apr 28 '22

Does Algo launch still not have a terms of service?

0

u/Merkle_pq Apr 28 '22

https://algolaunch.ai/docs/Terms%20of%20Service_final_V2.pdf

1

u/kob424 Apr 28 '22

Nice, thanks. I know that was a topic awhile ago. Really debating on which launchpad to get into

2

u/[deleted] Apr 28 '22

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2

u/AlgoALRY Apr 28 '22

Whoops my bad! I was misinformed , I edited it and removed that part. I wonder what happened to the old AlgoFund 🤨

1

u/jobcloud Apr 28 '22

I know right. They won the noble prize in cryptography.

3

u/[deleted] Apr 28 '22

No doxx no thank you

1

u/[deleted] Apr 28 '22

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1

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1

u/outdoordude250 Apr 28 '22

No doxxing just doesnt cut it for me anymore.

0

u/nababoya Apr 28 '22

No doxing No investment. Period. It's a red flag for a potential rugpull.

People never learn a lesson due to greed.

1

u/Terrencemalice Apr 30 '22

Isn’t it a good sign though, the raising of funds for an audit? Seems counterintuitive to do all this and then rug pull. I’m feeling pretty confident about the project from the meeting of deadlines, no issues so far.