What is Impossible Finance Launchpad Price (IDEA)?

Impossible Finance (IF) is a DeFi-native ecosystem of multi-chain products. The core vision of IF is to nurture and accelerate top-tier blockchain projects as a product-first incubator. Central to this vision is a set of products that form an essential base for our incubator, the Impossible Launchpad, and Impossible Swap.

Individual users are often prioritized last after funds invest at low valuations. Users also face front-running and oversubscription in other launches. Similarly, institutional investors have a hard time finding allocations for quality projects. Often, both invest in whitepaper-led teams in FOMO-driven fundraising. This is where the Impossible Incubator and Launchpad aim to provide unprecedented access to top-tier deal flow and build these ecosystems together with our incubator’s promising projects.

Impossible features 2 assets: IF, and Impossible Decentralized Incubator Access (IDIA) tokens. IF, the swap governance token, is a “mainnet upgrade” of the STAX token from StableX.finance, which powers the Impossible AMM. 

To better match true believers of projects within a sector, rather than speculation-driven launchpad models, they introduced the Impossible Decentralized Incubator Access (IDIA) token. IDIAs are liquid instruments that give investors priority access to deal flow and allocation within a specific sector. This matchmaking also deters “mercenary investment” that doesn’t stay long-term, instead prioritizing long-term investors for access to highly sought-after project launches.

 

Who are the founders of Impossible Finance Launchpad Price (IDIA)?

There is currently no information about the founders of Impossible Finance Launchpad Price (IDIA).

 

What is Impossible Finance Launchpad Price (IDIA) used for?

Stake

Investors can stake IDIA tokens in special Allocation Queue contracts for access to deal flow in their desired sector. For example, an investor may stake IDIA into the NFT sector to get allocation into an NFT Incubation Sale, and teams will allocate more tokens to users that have signaled to this sector. 

Governance 

IDIA Token holders govern the target and min staking allocation distributions for all IDIA sectors, reassessed monthly, to ensure that Impossible continually attracts a good balance of projects in all the latest trends. 

Projects overseeing 

You can govern the project team “grants” program of IDIA tokens allocated to Incubated Project Teams to encourage strategic investments for Impossible ecosystem teams. Additionally, you can also govern the IDIADAO Fund’s Investment and General DAO Strategy and govern Gitcoin Grants donations 

Vote

Voting to verify and validate the quality of projects within the Impossible incubator and add new Impossible Incubation sectors and support secondary sales for projects.

Earn rewards

Earn rewards by staking IDIA – with rewards powered by: 

  • IDIA Staking and Funding fees 
  • Priority Queue Sales fees 
  • 10% of the Total Supply earmarked for IDIA staking rewards.

 

How is Impossible Finance Launchpad Price (IDIA) unique?

They bring together investors, users, and projects into a cohesive multi-chain ecosystem. Despite tenures at centralized exchanges, IF believe that defi’s composability will power the best project launches, hence the Impossible Incubator and Launchpad. By employing a builder-first model, they focus on launching top teams to ensure quality deal flow for investors and individual users alike. 

To level the playing field by building a more accessible financial system, they introduced the Impossible Economy: IF Governance (IF) and Impossible Decentralised Incubator Access (IDIA) tokens for fair access to project launches. 

Finally, to support the liquidity of projects, they offer the Impossible Swap: a multi-purpose dex supporting initial launch sales and secondary markets for any asset. In doing so, they simultaneously create IDIAwdfunding tools to bootstrap blockchain projects in a safe, fair, and open manner for builders, as well as better positive-sum opportunities for investors and projects alike. 

They progressively support 8 sectors: User-facing Tools, Assets (Synths), Markets (DEXs and AMMs), NFTs, Capital Efficiency, Scaling, Privacy, and Infrastructure. Projects may fit into multiple categories, as we hope to incubate more multifaceted projects.

Other categories may be added via governance. IDIA token holders also govern the IDIADAO, a public on-chain fund to invest in impossible projects, with profits going to buyback and make IDIA tokens. Later, they aim to abstract this flow to allow “no-principal loss investing” strategies (similar to PoolTogether) to deploy interest earned in stablecoin AMM pools to reinvest in Impossible Incubatees. 

 

How many Impossible Finance Launchpad Price (IDIA) coins are in circulation?

IDIA Token has a total token supply of one billion. They are distributed as follows:

Strategic sale: 13% (130 mil IDIA) (~2M USD Circ. market cap on day one)

13% Genesis Strategic Participants Sale

10% of incubated project teams (give projects access to better deploy their strategic treasuries with potential ecosystem partners), deployed over 5 years. 

15% of ecosystem bounty disbursal is governed by IDIA token holders, linearly over 4 years. 

2% Gitcoin Grants support public goods decided by IDIA holders, deployed over 4 years. 

20% IDIADAO allocation, to be governed by IDIA holders, linearly vest over 4 years 

20% Impossible Team linearly grant over 5 years. Up to 1/4th of unvested tokens can be used in governance 

10% IF Staking rewards earned over 5 years 

2% Initial Impossible IDO & Liquidity Provision Bootstrapping 

2% Impossible IDIA Insurance Fund 

1% partner DAOs and user ecosystems Sales to bootstrap community 

5% is held in reserves TBD – nontransferable for 6 months.

 

How is Impossible Finance Launchpad Price (IDIA) secured?

The security smart contract of Impossible Finance Launchpad Price (IDIA) was written in the language Solana, and the entire decentralized platform is currently powered by Solana. Hence, it enjoys the same security properties as Solana. They also have a bug bounty program that is focused on its smart contracts and is mostly concerned with the loss of user funds and other smart contract risks.

 

How do I buy Impossible Finance Launchpad Price (IDIA)?

The IDIA token can be used for a wide range of purposes, like staking and governance.

IDIA tokens can be easily purchased by following the following steps. 

Open an account with the crypto trading platform.

* Transfer the specific amount of your fiat currency to your account.

* Wait for your deposit to be confirmed and buy IDIA through your trading account.

 

Which Cryptocurrency Wallet Supports Impossible Finance Launchpad Price (IDIA)?

The PTPWallet platform supports many cryptocurrencies, with IDIA soon to be included. Because of its vast use case, PTPWallet has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. The platform offers a simple user interface, is supported by both Android and iOS devices, and comes with its own mobile wallet app.

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