Press: Launchpool and XDC Network Reveal Program Finalists
Launchpool and XDC Network reveal their top projects selected for the LaunchpoolXDC Program.
Today, we’re excited to reveal the finalists of the LaunchpoolXDC program, a group of carefully recruited and selected projects over the summer of 2024. Each finalist team will receive US $100k in investment funding from XDC Foundation, as well as be incubated and co-funded by Launchpool’s community and VC network.
The LaunchpoolXDC accelerator program is a Europe-centric acceleration program run in collaboration with the XDC network and Launchpool Labs. To qualify, startups must have raised at least US $100k in an initial Angel/Pre-seed round with a valuation under US $20 million, ready for a token launch within six months, and have at least one Tech CoFounder or Technical Partner. The US $100,000 funding per project from XDC Network comes in the form of an investment against the project token, with funding released according to milestones.
As part of the XDC milestone payments structure, the Project will receive payments from the $100,000 investment upon reaching key development milestones. These milestone-based payments ensure that progress is rewarded as the Project advances through each phase. Breakdown of milestones:
- US $20,000 for the successful integration of the Project on the XDC network (mainnet);
- US $20,000 for minting the Project’s token using the XRC20 standard;
- US $10,000 for securing a partnership with at least one market maker;
- US $25,000 for establishing a partnership with a centralised exchange (CEX);
- US $25,000 for successfully listing the token on XSwap (XDC DEX) and providing liquidity.
LaunchpoolXDC Finalists List
EdgeSynergies: Revolutionising energy with micro data centres in commercial buildings. Their solution aims to replace traditional boilers by 2026, creating sustainable heat energy, while launching WARM Coin on the XDC network for energy market transparency.
About EdgeSynergies: Website — X — LinkedIn
eTEU: A next-generation, IGP&I approved eBL (electronic Bill of Lading) and digital trade documentation platform based on public blockchain. eTEU issues each eBL as a unique digital asset, enabling automation and streamlining of administrative processes in logistics through smart contracts. Backed by the UK Government Research & Innovation Council and industry veterans from Kuehne + Nagel, Maersk, Flexport, and Amazon Logistics, as well as leading tech investors like Techstars and Jenson Funding Partners.
About eTEU: Website — X — LinkedIn
VitalVEDA: An AI-powered SocialFi fitness platform utilising Web3 to find the right fit for users. VitalVEDA integrates AI and Web3 technologies to create a personalised and adaptable fitness experience. With 10,000 social media followers, an MVP ready in September 2024, and product launch planned for October 2024, VitalVEDA has partnered with Skale, Chainlink, and Google for startup programs. They also have listing partnerships with Gate.io and Bitmart.
About VitalVEDA: Website — X — LinkedIn — Telegram
Speck Finance: A secure ecosystem featuring a curated collection of top-performing RWA (Real World Asset) tokens from around the globe. Speck Finance facilitates a straightforward and safe transaction environment for both accredited and casual investors to buy and sell RWA tokens. They offer global access, fractionalization, a secondary market, and a unified platform for investors, while providing token visibility, branding opportunities, sales channels, and market analytics for tokenization platforms.
About Speck Finance: Website — X — LinkedIn
Congratulations to all finalists! We look forward to seeing these innovative projects develop and make a significant impact in their respective fields.
Stay tuned for more updates on these exciting ventures!
About Launchpool
Launchpool operates within a comprehensive ecosystem that encompasses 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 50 projects, with over $45 million USD. Launchpool has collaborated with top funds, including Alphabit Digital Currency Fund, and was core to the launch of the first Techstars Web3 Accelerator in Europe.
Website — Twitter — Telegram — Discord — Newsletter
About XDC
XDC Network is a pioneering, carbon-neutral, and EVM-compatible Layer 1 blockchain, renowned for its enterprise-grade capabilities for RWA, Tokenization, TradeFinance and DePIN applications. Leveraging a unique XinFin Delegated Proof of Stake (XDPoS) consensus mechanism, it achieves remarkable transaction speeds of 2 seconds and over 2000 TPS, with minimal gas fees (around $0.0001). Designed for interoperability and compliance with ISO 20022 financial messaging standards, the XDC Network excels in facilitating Trade Finance, payment Processing, and Real-World Asset (RWA) tokenization. Its robust, scalable, and efficient platform underscores a commitment to innovation, making it a preferred choice for businesses seeking advanced blockchain solutions.
Website — Twitter — Telegram — LinkedIn — XDC Accelerators
