Building a Fair Web3 Future: Inside the BitStarters Ecosystem — Multichain Support, IDO Launchpad, and Developer Tools

Coinstore
3 min readNov 22, 2023

What is BITS and what does it solve?

$BITS is the native token of BitStarters, a decentralized platform designed to streamline the launch and funding of web3 projects. It grants holders access to participate in Initial DEX Offerings (IDOs), engage in platform governance, and earn rewards through liquidity provision. Addressing common issues in the crypto space, $BITS ensures a fair allocation of investment opportunities, mitigates the influence of large holders, and promotes transparency with smart contract-enforced vesting. By enabling investment across various blockchains, $BITS offers a comprehensive solution for investors and developers in the emerging web3 landscape.

Token Overview

  • Token name: BitStarters
  • Token symbol: $BITS
  • Total issue supply: 86,000,000
  • Total circulation supply: 2,204,000

Coinstore Listing

  • Trading pair: BITS / USDT
  • Trade time: 2023/11/03 22:00(UTC+8)
  • Withdrawal time: 2023/11/03 22:00(UTC+8)

What are the utilities of BITS?

The utilities of $BITS, the native token of the BitStarters platform, include:

  1. IDO Allocation Access: Holders of $BITS can participate in Initial DEX Offerings hosted on the BitStarters platform, giving them early investment opportunities in new projects.
  2. Governance Rights: $BITS confers voting rights on holders for decisions related to the platform’s development and governance, such as blockchain integration, platform upgrades, and modifications to allocation mechanisms.
  3. Liquidity Provision Rewards: By staking $BITS, users can provide liquidity to the platform and earn rewards, promoting a stable and liquid market.
  4. Developer Tool Access: Access to specialized developer tools provided by BitStarters is granted to $BITS holders, which can help in building and launching projects more efficiently on EVM-compatible networks.

These utilities are designed to support a fair, transparent, and community-driven ecosystem for both investors and developers in the web3 space.

What does the project ecosystem include?

The BitStarters project ecosystem encompasses several components designed to support the launch and growth of web3 projects:

  1. Multichain Protocol: BitStarters operates across multiple blockchains, allowing projects to raise capital on various dominant and emerging blockchain platforms.
  2. IDO Launchpad: A platform for decentralized projects to conduct Initial DEX Offerings (IDOs), enabling them to raise funds in a decentralized manner.
  3. Allocation Pools: These include different types of pools such as Priority Pool for top stakers, Whitelist Pool, and Community Pool, ensuring a fair and equitable distribution of investment opportunities.
  4. Whale-Proof and Anti-Scam Measures: The platform implements a model to prevent large holders from dominating the investment process and incorporates a robust vetting procedure to protect against fraudulent projects.
  5. Accelerator Program: BitStarters incubates projects, assists with go-to-market strategies, and provides tools to build quickly on EVM networks.
  6. Developer Tools: The ecosystem offers tools to help developers automate the deployment of token infrastructure on EVM networks, facilitating faster project launches.
  7. Decentralized KYC: To navigate regulatory challenges, BitStarters integrates decentralized KYC processes to protect projects from jurisdictions that are not crypto-friendly.
  8. Transparent Vesting: Smart contracts are used for transparent, on-chain vesting schedules, ensuring that token distribution is fair and verifiable.
  9. BitStarters Token ($BITS): The native utility token used within the ecosystem for IDO participation, governance, liquidity provision, and accessing developer tools.
  10. Consulting Services: BitStarters offers various consulting services, including operational, technical, marketing, and community growth, to support projects in their development.
  11. Fair Tokenomics: The ecosystem emphasizes fair token distribution models to prevent scenarios where early investors have an unfair advantage over public participants.

The ecosystem is designed to be comprehensive, providing end-to-end support for projects from inception to launch, and beyond, with a focus on community engagement, transparency, and innovation in the web3 space.

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Website | Twitter | Telegram

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