TL;DR
- Why crowdfund your NEAR project
- What is lossless crowdfunding on Meta Yield
- Requirements to crowdfund on Meta Yield
- Benefits to listing and how to apply
Crowdfunding best practices are at the forefront of financing for innovative, early-stage projects. And in the current economic climate, where access to traditional funding has become increasingly difficult, crowdfunding is a popular choice to jumpstart your new idea. With a few smart strategies in place, you could maximize your results and attract investors from all over the world.
The unique fundraising mechanism built in Meta Yield provides innovative opportunities for startups and entrepreneurs to create revolutionary projects that can capture the attention of a global audience. Let’s dive into the details of crowdfunding on Meta Yield to see if it’s a good fit for your project.
Lossless crowdfunding on Meta Yield Launchpad
Meta Yield is a lossless staking rewards-based crowdfunding platform for projects built on the NEAR protocol, seeking financial support and exposure to the NEAR community. Our objective is to provide exposure and access to different projects, enabling the community to financially support web 3.0 projects built on NEAR protocol.
Meta Yield Launchpad is a lossless crowdfunding platform, meaning it leverages staking by providing backers with the possibility of funding with their rewards, not their main assets.
Here’s what you can expect from the Meta Yield launchpad process:
Apply to crowdfund your NEAR project
Fill out the application form provided at the end of this post.
Voting contest
If your project is approved, it may be chosen to participate in a community-based voting contest for initial seed funding.
Set goals
After the initial voting process, the Meta Yield Launchpad team will work with you and your project team to define key messages for marketing, goals, incentives and dates, and your project will be launched on the platform.
Start campaign
On the Meta Yield Launchpad backers can invest in your project by committing and locking their stNEAR (they can get stNEAR by going to Meta Pool and staking $NEAR).
Locking period begins
When the campaign ends, the locking period begins and projects will earn staking rewards (~10%) of what backers committed.
Backers recover NEAR & receive tokens
Backers will earn tokens from the projects and at the end of the locking period. Backers recover 100% of their NEAR investment.
In summary, if your crypto project is approved, backers can support you to receive rewards in the project’s native token and contribute to the growth of the NEAR ecosystem without losing their staked tokens.
Are you ready to take your NEAR project to the next level?
At Meta Yield Launchpad we want to give everyone the opportunity to fundraise their projects. At the same time, we want to provide users and potential investors with quality projects. Therefore, to be considered as a candidate on Meta Yield Launchpad every project must fulfill the following requirements:
A solid team
The project must be backed by a solid and motivated team, capable of taking the project to the next stage once it is funded. The experience of each member must be related to the type of project proposed. Furthermore, multidisciplinary teams are beneficial. Having developers is important, but to take your project to the next level you also need to fill other roles such as marketing, operations and design.
Strong community
Community support is essential to success. We check all projects’ activity and engagement on social networks such as Telegram, Discord, Twitter, YouTube, Instagram, TikTok, and any others mentioned in the application form.
A Token and its Tokenomics
It’s indispensable for projects to have a token because they will use it to provide rewards to their backers. Since your investors will receive your token as a reward, it is important to tell them how they can use it (for example: play, buy, exchange or as a governance token) and your plans to increase its value.
A funding plan
Keep in mind that having a campaign on Meta Yield Launchpad is similar to raising money from investors. We need to know if you’re capable of building the project and how you’re going to make money from it. Be ready with a basic explanation on how you are going to use the funds from your campaign. Examples include: marketing, improvement of the product/service, expanding functionalities, changing/innovating branding, improving the functionalities of the platform, etc.
Connect with the NEAR Ecosystem
Community and communication are very important in the NEAR protocol. We encourage you to establish a close relationship with the NEAR Protocol Ecosystem. The project team must show that they have collaborated with, and know how to work with the actors involved in NEAR. Examples include: getting grants, participating in incubation programs or being part of guilds. This requirement guarantees that the ecosystem already ‘recognizes’ the team and project. Thus, when the project goes to mainnet, the ecosystem will support it.
Benefits to crowdfunding on Meta Yield Launchpad
Meta Yield Launchpad provides the crowdfunding platform and the rewards-based mechanism. Moreover, every project gets a marketing push at no cost from Meta Yield Launchpad:
- Pre-launch campaign: 1 or 2 weeks of buzz about the project, including possible AMAs, infographics and social media posts.
- Launch promotion
- Weekly ongoing promotion during the fundraising time window.
Additionally, we are working with different entities of the NEAR ecosystem that are interested in the opportunity to financially support new projects on the NEAR protocol.
About Meta Pool & stNEAR
Meta Pool is the leading liquid staking solution for $NEAR and wNEAR token holders. With Meta Pool you earn NEAR staking rewards and maintain your liquidity to participate in DeFi protocols on NEAR and Aurora.
Users staking $NEAR and wNEAR with Meta Pool receive in exchange stNEAR (staked NEAR) tokens.
stNEAR simultaneously accrues staking rewards and unlocks users’ liquidity enabling them to participate in DeFi activities (e.g. lending, farming, borrowing) on NEAR and Aurora.
Stake $NEAR on Meta Pool
~8.8% APY
Get stNEAR
Yield-bearing token
Go DeFi on NEAR & Aurora
More APY and more rewards
Meta Pool also solves the problems associated with Proof-of-Stake networks staking: illiquidity, immovability and accessibility. Meta Pool also aims to distribute staking in multiple validators to improve censorship-resistance of the NEAR network.
With a TVL of ~9 Million $NEAR and growing, Meta Pool has become in just a few months a cornerstone element of the NEAR ecosystem. Meta Pool is making NEAR Protocol more decentralized and therefore more secure.
In February 2022 Meta Pool has been successfully audited by BlockSec, confirming the implementation of the highest security standards.
For more information visit https://metapool.app.
