Afraid to participate in a token sale? Here’s how Vent’s DeFi Launchpad makes it safer

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With DeFi becoming mainstream acceptance, IDOs (Initial Decentralized Exchange Offers) are growing along with it. That being said, researching a token and the project behind it in depth and ensuring its security is a stressful undertaking at the best of times. Many are reluctant to participate in token sales

With the rise of fraudulent tokens and crypto-related scams, it’s no surprise that crypto users are becoming more cautious about what they buy.

The Vent Launchpad aims to solve this problem by taking it upon themselves to do their due diligence on all projects seeking to launch through them. It ensures that donor funds are kept safe and released only when the project demonstrates its merits.

Today, we’ll see how Vent’s DeFi launch pad works and how it provides security when participating in token sales.

What is Vent’s DeFi Launchpad?

Vent Finance is the world’s first comprehensive community-driven multi-chain IoT launcher. This allows users to easily participate in token sales while ensuring projects on the platform are trustworthy. The launchpad was designed to level the playing field between casual users and those who have been involved in token sales for decades.

Vent tries to combine security and transparency with ease of use and gives everyone access to a safe and fun way to contribute to DeFi projects. It provides promising early-stage projects with crowdfunding opportunities in addition to incubation assistance such as expert help.

So what does Vent do to ensure that you can safely participate in token sales?

Vent’s intensive verification process

The first of Vent’s many security measures is its intensive verification process. They review each project to ensure that it is an interesting prospect for their users. Vent aims to launch exclusively high-quality projects that bring long-term value to society.

They will talk to the founders and analyze the business plan of the startup to determine if the company is based on short-term hype or if it is a project that will bring long-term value to its users.

Many crowdfunding platforms will back most projects that walk through the door, barely revising their model and smart contract. With smart contract fraud on the rise, Vent acts as the adult in the room and its experts personally inspect each project’s smart contract. This ensures that their users are not caught in a scam.

Before listing a project, Vent performs a thorough quality check, reviewing the core technology, relevance, technology integration, and Tokenomics of the project. This process does not happen behind a locked door, it is completely transparent to the community.

How Vent ensures your funds are used wisely

Vent doesn’t just provide startups with all the funds when users support them on its platform. Instead, they use a step-based process to ensure your funds won’t go to waste.

Vent does this through its innovative milestone system. The funds are blocked until the startup has been able to complete the agreed milestones. The IoT Launch Platform only releases funds once the project has been able to achieve milestones.

Just in case these milestones are not met, Vent is implementing a 100% token return guarantee. This ensures that your funds are never wasted supporting a project stuck in development hell.

Vent has implemented a BGA (Basic Guaranteed Allocation) that allows all users who have an average holding score of $5000 VENT (Vent’s Utility Token) or more to participate. This average holding score is calculated by taking the average of a user’s 7-point holdings over 7 days and dividing by 7.

So what if a startup on Vent launches, whether or not it meets Vent’s requirements? In this case, all funds invested in this project are immediately refunded to users.

Exemplary transparency

Vent is completely transparent about the information they have on each startup. In addition, they allow comments and conversations on the profile of each project. This helps users get an outside view of a project they would like to fund.

Additionally, to ensure that users understand the long-term value of the token they are purchasing, Vent is continuously posting project updates. This continues even after the successful launch of the project.

Account Security Features

KYC, AML and GDPR compliance

Vent complies with anti-money laundering and terrorist financing laws and regulations for all projects. For this reason, the IDO Dashboard makes KYC verification mandatory, including verifying identity, providing proof of residency, and passing an AML verification when creating your account.

Vent is also GDPR (General Data Protection Regulation) compliant which ensures that all your data is kept safe and secure from prying eyes.

Note that Vent complies with the General Data Protection Regulation (GDPR), which guarantees the confidentiality and security of your personal data.

24/7 support and 2FA

Vent lets you set up 2FA (2-factor authentication) to ensure that the person entering your account is yourself. This greatly increases your security, however, in the event of a breach in your account, all hope is not lost.

Vent provides 24/7 support to all of its users, making it easy to restore your account and stop any fraudulent transactions. They also have a help center where you can go to answer some of the most frequently asked questions about the IoT dashboard.

Is Vent safe to use?

From what we’ve seen, Vent is well on its way to achieving its goal of providing what they call: “the right way to experience DeFi.” Building the economy of tomorrow. »

Their verification process ensures that fraudulent and shoddy products never make it to the platform in the first place. By doing their due diligence to ensure that only legitimate products make it onto the platform, they make it safe for their users to fund them.

Vent combines their BGA with a milestone-based system to ensure no one is left out of funding their favorite projects while ensuring developers are vetted and projects don’t succumb to development hell. . They are also completely transparent about the whole process, which is a big plus.

Finally, Vent is KYC, AML and GDPR compliant, guaranteeing exemplary security in addition to offering 2FA and 24/7 support.

Overall, this makes the Vent DeFi Launchpad one of the safest ways to participate in token sales today.

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