To tackle issues and support the aim of a decentralized finance ecosystem, SkyLaunch birthed the vision to become a multi-chain initial Decentralized offering (IDO) platform that will bring changes to the ecosystem.
Like other business models, Crypto projects need the perfect fundraising approach to scale above average. The IDO is one common model for fundraising employed by crypto projects as the Decentralized liquidity exchange is responsible for hosting the token launch and provides access to liquidity.
Despite the advantages of using the IDO model, certain issues arise as most crypto projects experience limitations due to gas fees, cross-chain functionality, IDO allocation requirement, and unnecessary hype.
To further enhance the possibility of this future for the decentralized finance ecosystem, SkyLaunch has announced its collaboration with Polygon, the first platform for Ethereum scaling and infrastructure development.
The partnership with Polygon adds a new blockchain to the growth plan of SkyLaunch, which aligns perfectly, intending to become the next generation of multi-chain Launchpad. Also, Polygon has awarded the SkyLaunch project a prestigious grant that will assist and enable the platform to better position itself in the Polygon ecosystem and explore the possibilities of giving the best fundraising services to crypto projects.
Both parties are excited about this collaboration. It will also bring lots of good experiences for crypto projects aiming at fundraising. The Polygon ecosystem will support the vision of enhancing low transaction fees, ease of use, and lightning-fast transaction speed.
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Source: https://blockchain.news/news/skylaunch-plans-to-collaborate-with-polygon-to-boost-crypto-projects