VLaunch whitelisting for VPAD IDO extended until Dec 17, team announces

Key Takeaways:

• VLaunch, the “first fully influencer-backed multichain launchpad,” launched on schedule, Dec 15.
• The team annnounced the initial decentralized exchange offering (IDO) would take place on Dec 16, however extended the whitelisting process until Dec 17, citing a possible cyber attack.
• What is VLaunch?

YEREVAN (CoinChapter.com) – According to the team’s Twitter announcement, VLaunch went live on Dec 15. However, the founders pointed out that anyone wishing to get an IDO location for their share of free VPAD tokens needs to whitelist on the platform.

📣VLAUNCH LAUNCH ANNOUNCEMENT📣
[like, comment & retweet] pic.twitter.com/v3X4bwHBQe

— VLaunch (@VLaunchCOM) December 14, 2021

In hindsight, an IDO is a fundraising process where a new coin launches directly on a decentralized liquidity exchange. Additionally, an IDO avoids the pre-mining process, which generally “favors project founders over community members.”

The VPAD coin launched on Phemex, a Singapore-based crypto exchange, traded at 0.0028 BNB (approximately $1.5 at the current BNB/USD exchange rate).

Additionally, the team released a follow-up video on Dec 16, announcing $200,000 worth of free bonus IDO allocation, with whitelisting extended to Dec 17.

📣FREE BONUS IDO ALLOCATION📣
[like, comment & retweet] pic.twitter.com/12COqe0Cut

— VLaunch (@VLaunchCOM) December 16, 2021

However, hours later, the team had to follow up with an “emergency whitelist announcement,” citing an attack from “people who don’t want [them] to launch.” Also, the founders mentioned technical difficulties with an overloaded API (application programming interface).

📣EMERGENCY WHITELIST ANNOUNCEMENT📣
[like, comment & retweet] pic.twitter.com/8JM7UAYSYv

— VLaunch (@VLaunchCOM) December 16, 2021

Also read: JasmyCoin(JASMY) flashes conflicting technicals amid growing adoption

Complaints flooded the latest video’s comment section, as users had difficulties connecting their MetaMask wallets to the platform. Additionally, VLaunch will open the bonus IDO allocation window only for an hour, which many users thought wasn’t sufficiently inclusive.

However, the project itself claims to advocate for inclusiveness and the availability of large gains for the broader crypto community.

What is VLaunch all about?

The project presents itself as the “first fully influence-backed multichain launchpad.” But that definition could use clarification. In detail, the launchpad has support for Ethereum, FTM, Binance Smart Chain, and Polygon blockchains.

It will scope the cryptoverse for new tokens launching on the mentioned platforms and make them known to the broader audience through a network of well-known influencers in the crypto community.

The project’s founders are influencers as well; Christopher Jaszczyski (MMCrypto) and CryptoMo. They claim to democratize access to promising early-stage crypto projects before entering the mainstream. The project’s active Telegram page had 116,464 members as of publication, and each of those will receive updates on new coins out in the cryptoverse.

Also read: METAMUSK Token, another cryptocurrency scam from Musk Metaverse?

The founders felt the necessity for a project like VLaunch, as they’ve missed out on some big launches. Mr. Jaszczyski commented on the matter.

I missed out on Axie Infinity, for example, I missed out on Decentraland… I wanted to invest in the ICO back then. These things made like 100s and even 1,000s of X’s…  We want to find a way – how we can get our community in completely for free… the whole space is gonna be big.

said the influencer.