Crypto Dragons Den

Crypto Dragons Den is a new crowdfunding platform / launchpad that is revolutionizing investment in early stage crypto start-ups. Specializing in Seed and Private rounds, ‘The Den’ lowers the barrier of entry from 5-6 figures invested by VCs and Angel Investors to just $50 for the regular, everyday investor.

Raising funds in stable coins means that the platform can fund any project on any chain (subject to them passing due diligence checks). Project tokens are then distributed back to investors via vested smart contracts.

The pièce de résistance for the platform is the fact that it will be distributing the raised funds to the project via stage payments. They will receive a portion, for example 25%, once the campaign is closed and then 75% will be held back in a smart contract. The rest will be paid to the project once they meet pre-agreed development milestones. If, for some reason, the project fails then the remaining funds will be distributed back to the original investors.

Unlike other launchpads that use (sometimes costly) token based tier systems to grant holders exclusive access to launches, Crypto Dragons Den will be using its upcoming Genesis NFT for the privilege. Launching on 18th March on jpg.store, there will be 2,500 NFTs at a cost of just 170 ADA each (around $100).

Early Crowdfunding platform access isn’t the only utility, though. Holders of the NFT will also get passive income from Crypto Dragons Den’s ASIC mining farm, free entry into regular lotteries for cash prizes, access to airdrops from projects launched on the platform, voting rights on which projects are launched and which ASICs are purchased and more!

The 2,500 NFTs will be split into 4 rarities – Glass (2,000), Bronze (375), Silver (100) and Gold (25). Each rarity will have a ‘mining multiplier’ assigned to it giving tiered income from the ASIC mining farm. Glass will give a 1x, Bronze is 1.25x, Silver is 1.5x and the very rare Gold will give a 2x multiplier.

All mining income (after hosting and electricity fees) will be distributed into three separate pots. 42.5% will go back to the NFT holders, 42.5% will be re-invested to buy more miners via a ‘Compounding Pot’ and 15% will go to marketing, lottery payouts and project development.

The Den’s ASIC mining farm will also be opened up to anyone that wants to get involved in mining. Under the “Crypto Dragons Synergy” banner, any project or individual can use The Den’s buying power to get better deals than purchasing them individually. They will manage the ASICs for a nominal monthly fee and all mining proceeds go directly into the individual’s wallet on a regular basis.

Fundraising and ASIC mining isn’t all though. Crypto Dragons Den also offer advisory services to further aid projects at any stage of development. From initial design to whitepaper analysis to tokenomics design and review all the way through to help with listing on exchanges.

Crypto Dragons Den will undoubtedly be a ‘one stop shop’ for any project of any stage.