Thorstarter

Thorstarter

THORSTARTER — The first and only IDO platform built on THORchain.

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Thorstarter operates as a multichain venture DAO and an Initial DEX Offering (IDO) launchpad, positioning itself as a decentralized venture capital firm within the DeFi sector. Launched in 2021, the platform was founded by individuals known as A M (also compound22), Bjørn, and a third co-founder responsible for operations. The founding team possesses extensive experience in the crypto space, with backgrounds in security engineering, smart contract integrations, and early investments in foundational DeFi projects like Bancor and THORChain. The protocol's initial mission was to incubate, fund, and launch promising new projects, particularly within the THORChain ecosystem, by providing them with immediate liquidity.

The platform's business model centers on offering a full suite of services to emerging crypto projects, which includes fundraising, marketing assistance, and community development. It serves two main client types: new projects seeking to raise capital and build a community, and investors looking for early-stage opportunities in vetted DeFi projects. Thorstarter's core service is facilitating IDOs, allowing projects to launch their tokens and gain access to cross-chain liquidity. This is achieved through its native utility token, XRUNE, which acts as a liquidity bridge between the new project's tokens and established asset pools on networks like THORChain. Revenue and value are generated through the successful launch of these projects and the mechanisms of its Valhalla Venture DAO, where community members can participate in governance.

Users and investors interact with the platform primarily through the XRUNE token. To participate in IDOs, community members must lock their XRUNE tokens in a system called the "Forge," which grants them access to investment tiers and rewards proportional to their stake. A key feature is its multichain capability, initially launching on Ethereum and expanding to support projects across THORChain, Terra, Fantom, and Polygon. In early 2024, the project underwent a rebranding to Thorstarter Valhallaa, signifying a revival and renewed commitment to its original vision after a market downturn. This included a transition to new leadership dedicated to enhancing its cross-liquidity solutions and user experience, with plans to integrate aggregators like Layer Zero to improve efficiency.

Keywords: decentralized venture capital, IDO launchpad, multichain fundraising, DeFi incubation, cross-chain liquidity, XRUNE, THORChain ecosystem, crypto launchpad, token launch platform, Valhalla Venture DAO, decentralized fundraising, community-governed DAO, blockchain investment, crypto project funding, liquidity grants, digital asset launch, fintech, Forge staking, crypto incubation, DeFi services, venture DAO

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