How TokenSoft IDOs Drive Massive Crypto Success

As a seasoned analyst with years of experience in the crypto market, I must say that Initial Decentralized Exchange Offerings (IDOs) have been a game-changer in the world of early-stage crypto projects. With my background in identifying high-potential projects and understanding market trends, I’ve seen firsthand how IDOs can offer investors an opportunity to invest in promising projects at relatively lower rates and reap substantial rewards.


As a researcher delving into the dynamic world of cryptocurrencies, I’ve found that one effective strategy for nurturing fledgling projects in the market is by participating in Initial Decentralized Exchange Offerings (IDOs).

Tokensoft: Rise and rise of crypto IDOs

Investors often prefer Initial Decentralized Offerings (IDOs) as their preferred method of investment. Interestingly, statistics indicate that about 76% of all public token offerings now occur via IDOs. In contrast, Initial Coin Offerings (ICOs) have significantly decreased to only 2.3%, with the remaining 21.4% taking place through Initial Exchange Offerings (IEOs).

How TokenSoft IDOs Drive Massive Crypto Success

It’s thrilling that Investment Development Offerings (IDOs) allow investors to buy into promising projects at potentially reduced costs, and trade the tokens as soon as they get listed on exchanges.

From Avalanche to Pencils: IDOs on Tokensoft

Services such as Tokensoft streamline token sales, playing a crucial role in the flourishing of numerous Initial Dex Offering (IDO) initiatives. Here are some impressive instances to illustrate their impact:

Avalanche (AVAX)

As a crypto investor, I’ve been quite impressed with Avalanche’s meteoric rise in the DeFi sector. Its token sale on Tokensoft was nothing short of phenomenal, raking in an astounding $42 million in just four hours. Known for its impressive scalability and lightning-fast transaction speed, this platform has truly stood out since its IDO on TokenSoft. The native AVAX token has experienced a staggering 4500% surge post-IDO, reaching a value of around $25, as per CoinMarketCap. It’s safe to say that Avalanche is one to watch in the ever-evolving crypto landscape.

How TokenSoft IDOs Drive Massive Crypto Success

The swift growth of AVAX sparked significant investor curiosity towards possible IDO tokens, ultimately leading to substantial profits for early investors due to the token’s dramatic price increase.

The Graph (GRT)

The Graph’s $GRT token sale was also launched through Tokensoft, successfully raising $12 million from investors across 99 countries. To date, GRT has seen a 373% increase in value, yielding significant gains for those who participated in the IDO at a much lower price. The platform provides a decentralized indexing protocol for querying blockchain data. This project attracted massive interest during its token sale across broader geographical regions, offering substantial returns for early investors. Additionally, The Graph continues to be widely adopted by blockchain developers.

Manta Network (MANTA)

This project is up by 193% to date, highlighting a healthy return for its early investors. Manta Network held a successful IDO of its $MANTA token on Tokensoft, raising $28 million. The growth signifies the project’s potential as it continues to develop its privacy infrastructure and attract partnerships. Notably, Manta Network is a privacy-preserving protocol, focusing on building interoperable and scalable private transactions. It primarily works on privacy in the DeFi ecosystem, gaining attention in a market increasingly concerned with secure transactions and user data protection.

Pencils Protocol (DAPP)

On Tokensoft, another exciting project known as Pencils Protocol recently held its native token sale, DAPP, on September 18th. Surprisingly, the demand for tokens exceeded expectations with a whopping 6 times oversubscription! Over 35,000 participants took part in this sale, far surpassing the initial cap of only 5,000 participants who were served on a first-come, first-served basis.

How TokenSoft IDOs Drive Massive Crypto Success

Originally called PenPad, this project operates as a platform for auctions and yield aggregation in collaboration with zkEVM Scroll. The Pencils Protocol is now partnered with the Scroll ecosystem and is currently recognized as one of the leading DeFi platforms on Scroll. In addition to yield farming opportunities, the Pencils Protocol provides staking options, liquidity vaults, and has implemented a ‘Pencils’ points system to incentivize user interaction.

Speaking casually: This DeFi farming project ranks high, sitting comfortably within the top three in the crypto world and boasting over 459,000 active users. It’s worth mentioning that Pencils Protocol has reached a significant milestone by locking up $300 million in Total Value Locked (TVL). The DAPP token sale has created quite a buzz, putting it in the spotlight as one of the hottest topics in the DeFi sector.

Notable figures and organizations within the cryptocurrency sphere have invested in Pencils Protocol, including OKX Ventures, Sandy Peng (co-founder of Scroll), Taisu Ventures, Bing Ventures, DePIN, Black GM Capital, Animoca, Presto Labs, Gate Labs, among others. This investment has valued the company at approximately $80 million after accounting for the funds invested. With backing from OKX Ventures and other investors, Pencils Protocol is also scheduled to be featured on OKX Cryptopedia, generating buzz within the crypto community about potential trading possibilities.

Final thoughts

As projects such as Avalanche, Tezos, Synthetix, and Pencils Protocol demonstrate impressive growth, Tokensoft is successfully drawing in both experienced investors and newcomers. By providing guidance through Initial Dex Offerings (IDO), Tokensoft is enabling them to traverse the IDO landscape efficiently. The key to substantial returns in IDOs remains discovering the right project with immense potential, combined with the ideal platform for investment.

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2024-09-20 17:29