Launchpool and XDC Network Collaborate to Boost Web3 Innovation

Launchpool has announced a strategic alliance with the XDC Network to empower select teams building on the XDC Network to raise capital through the Launchpool ecosystem. This partnership will grant these teams access to a community of project ambassadors and the combined networks of seasoned advisors and builders from both Launchpool and XDC Network.

Innovative Blockchain Platform

The XDC Network, known for its pioneering, carbon-neutral, and EVM-compatible Layer 1 blockchain, excels in enterprise-grade applications such as Real-World Asset (RWA) tokenization, TradeFinance, and DePIN applications. Utilizing a unique XinFin Delegated Proof of Stake (XDPoS) consensus mechanism, it achieves remarkable transaction speeds of 2 seconds and over 2000 transactions per second (TPS) with minimal gas fees. The platform is designed for interoperability and compliance with ISO 20022 financial messaging standards, making it highly effective for Trade Finance, payment processing, and RWA tokenization. XDC Network’s robust, scalable, and efficient platform highlights its commitment to innovation, making it a preferred choice for businesses seeking advanced blockchain solutions.

Launchpool’s Egalitarian Approach

Launchpool operates within a comprehensive ecosystem that includes selection, incubation, acceleration, and launch phases, advocating for an egalitarian approach. By valuing all project stakeholder groups equally, Launchpool leverages their collective strengths and aligns their incentives. This approach significantly enhances traditional blockchain fundraising strategies, often fragmented and misaligned. Allocations in private rounds are guaranteed by the platform’s native currency, $LPOOL, and are accessible only through KYC.

Since 2021, Launchpool’s community has funded over 40 projects, raising over $40 million USD, with eight incubated projects (pre-MVP) collectively raising approximately $5 million USD. Launchpool has collaborated with top funds, including Alphabit Digital Currency Fund, and played a key role in launching the first Techstars web3 accelerator in Europe.

Partnership Scope: Ecosystem and Acceleration Program

The collaboration between Launchpool and XDC Network encompasses both an ecosystem partnership and an acceleration program.

Ecosystem Partnership

Launchpool and XDC Network will collaborate strategically, with XDC Network facilitating introductions to projects being accelerated or incubated through joint programs with XDC Network and partners. These projects must be prepared to raise a community VC round from Launchpool in the form of pre-public or public offerings and will undergo a thorough due diligence process. The partnership will also feature co-marketing activities focused on education and awareness.

Acceleration Program

The acceleration program will be Europe-centric. To qualify, startups must have raised at least $100k in an initial Angel/Pre-seed round with a valuation under $20 million USD, be prepared for a token launch within six months, and have at least one Tech Co-Founder or Technical Partner. Additionally, startups must be willing to use 25%-50% of the investment amount for token deployment, listing on CoinMarketCap, and liquidity on exchanges. They must pair their native token against XDC or FXD (a USD stablecoin over-collateralized with XDC) and be built exclusively on XDC Network for the launch. Projects previously incubated by Launchpool via Launchpool Labs will be shortlisted if they meet these criteria.

Grants and Support

XDC Network will consider providing grants for projects that integrate the XDC chain. Projects successfully deploying functional products on the XDC Network (Mainnet) will be eligible for a $10,000 grant and expedited access to demo day, connecting them with XDC’s network of venture capitalists, subject to due diligence and approval by XDC Network. The grant is only open to the projects that apply to the program via Launchpool.

Statements from Leaders

Launchpool expressed excitement about the partnership, emphasizing that it aims to create a seamless and efficient ecosystem for web3 projects. This collaboration is expected to leverage the strengths of both Launchpool and XDC Network to support innovative teams and provide funding opportunities for the community. It was highlighted that this is their first technology-centric partnership for 2024 and represents an opportunity to advance blockchain development.

XDC Network also shared enthusiasm for the collaboration, noting that the acceleration program highlights the benefits of building on the XDC Network. These benefits include unparalleled support from a robust VC network for co-investment opportunities alongside XDC’s own investments. The ecosystem offers comprehensive technical support, extensive visibility through CoinMarketCap and exchange listings, and strategic partnerships with leading accelerators like Tenity, Plug and Play, and Brinc. XDC Network is committed to investing in innovative dApps and fostering growth in the blockchain space in the coming years.