Fjord Foundry
A platform connecting innovative projects with engaged backers through community-focused, fair, and transparent LBPs and token sale events.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor investor | €0.0 | round | |
* | N/A | $15.0m | ICO |
| Total Funding | 000k | ||
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Fjord Foundry operates as a community-centric platform connecting cryptocurrency projects with financial backers, specializing in transparent and equitable token sales. The firm, formerly known as Copper Launch, was founded in 2021 and rebranded in September 2022. A significant milestone in its history is the acquisition by Concave in July 2023. The company has demonstrated a strong track record, raising over $1.1 billion and generating more than $25 million in revenue since its inception.
The core of Fjord Foundry's business is its launchpad service, which provides projects with the tools for capital formation and community building. It serves early-stage crypto projects seeking to bootstrap liquidity and engage with a broad investor base. The platform's business model revolves around fees charged for its token sale services, including a 2% fee on contributions. Revenue generated is substantial, with at least 90% of profits used to buy back and burn its native token, $FJO, thereby reducing the total supply over time.
Fjord Foundry's flagship service is the facilitation of Liquidity Bootstrapping Pools (LBPs), a dynamic token sale mechanism designed to ensure fair price discovery. This method functions like a Dutch auction, with the token price starting high and gradually decreasing, which mitigates the influence of bots and large-scale buyers ('whales'). In addition to LBPs, the platform supports other sale types like fixed-price sales and has introduced features in its V2 upgrade such as token locking and vesting schedules. The platform operates on a multi-chain basis, supporting numerous blockchains including Ethereum, Solana, Base, and Arbitrum. For participants, Fjord Foundry offers a gateway to early-stage investment opportunities, though it emphasizes the need for due diligence as it hosts both partnered and permissionless sales. The platform also features its own utility token, $FJO, which is used for staking and participating in governance. Keywords: Fjord Foundry, crypto launchpad, Liquidity Bootstrapping Pools, LBP, token sale platform, Copper Launch, decentralized fundraising, token launch, initial DEX offering, IDO, web3 funding, crypto capital formation, FJO token, multi-chain launchpad, blockchain project funding, community-driven price discovery, fair launch, decentralized finance, DeFi, on-chain funding
