Launchpool and XDC Network Forge a Strategic Alliance to Empower Web3 Projects

Launchpool has announced a strategic alliance with the XDC Network to empower select teams building on the XDC Network to raise capital through the Launchpool

Launchpool, a project launchpad and fundraising platform, has announced a new partnership with XDC Network, a Layer 1 blockchain protocol. Through this collaboration, select projects building on the XDC Network will gain access to Launchpool's community of project ambassadors and the combined networks of experienced advisors and builders from both Launchpool and XDC Network.

The XDC Network is an EVM-compatible Layer 1 blockchain that boasts a unique XinFin Delegated Proof of Stake (XDPoS) consensus mechanism. This mechanism enables the network to achieve fast transaction speeds of 2 seconds and handle over 2000 transactions per second (TPS) at minimal gas fees.

The platform is designed for interoperability and complies with ISO 20022 financial messaging standards, making it highly effective for applications such as Trade Finance, payment processing, and RWA tokenization. Notably, XDC Network is known for its pioneering efforts in enterprise-grade applications like Real-World Asset (RWA) tokenization.

With a strong focus on innovation, XDC Network is emerging as the preferred choice for businesses seeking advanced blockchain solutions, particularly in domains like TradeFinance and DePIN applications.

Launchpool, on the other hand, operates within a comprehensive ecosystem that spans selection, incubation, acceleration, and launch phases. The platform advocates for an egalitarian approach by valuing all project stakeholder groups equally and aligning their collective strengths.

This approach significantly enhances traditional blockchain fundraising strategies, which are often fragmented and misaligned. Notably, 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 40 projects, raising over $40 million USD, with eight incubated projects (pre-MVP) collectively raising approximately $5 million USD. Launchpool has collaborated with top funds, including Alphabit Digital Currency Fund, and played a key role in launching the first Techstars web3 accelerator in Europe.

The partnership between Launchpool and XDC Network will unfold in two primary aspects: an ecosystem partnership and an acceleration program.

Under the ecosystem partnership, Launchpool and XDC Network will collaborate strategically, with XDC Network facilitating introductions to projects being accelerated or incubated through joint programs with XDC Network and partners. These projects must be prepared to raise a community VC round from Launchpool in the form of pre-public or public offerings and will undergo a thorough due diligence process. The partnership will also feature co-marketing activities focused on education and awareness.

The acceleration program will be Europe-centric. To qualify, startups must have raised at least $100k in an initial Angel/Pre-seed round at a valuation under $20 million USD, be prepared for a token launch within six months, and have at least one Tech Co-Founder or Technical Partner. Additionally, startups must be willing to use 25%-50% of the investment amount for token deployment, listing on CoinMarketCap, and liquidity on exchanges. They must pair their native token against XDC or FXD (a USD stablecoin over-collateralized with XDC) and be built exclusively on XDC Network for the launch. Projects previously incubated by Launchpool via Launchpool Labs will be shortlisted if they meet these criteria.

XDC Network will consider providing grants for projects that integrate the XDC chain. Notably, projects successfully deploying functional products on the XDC Network (Mainnet) will be eligible for a $10,000 grant and expedited access to demo day, connecting them with XDC's network of venture capitalists, subject to due diligence and approval by XDC Network. It's important to note that this grant is only open to the projects that apply to the program via Launchpool.

Launchpool expressed excitement about the partnership, emphasizing that it aims to create a seamless and efficient ecosystem for web3 projects. This collaboration is expected to leverage the strengths of both Launchpool and XDC Network to support innovative teams and provide funding opportunities for the community. It was highlighted that this is their first technology-centric partnership for 2024 and represents an opportunity to advance blockchain development.

XDC Network also shared enthusiasm for the collaboration, noting that the acceleration program highlights the benefits of building on the XDC Network. These benefits include unparalleled support from a robust VC network for co-investment opportunities alongside XDC’s own investments. The ecosystem offers comprehensive technical support, extensive visibility through CoinMarketCap and exchange listings, and strategic partnerships with leading accelerators like Tenity, Plug and Play, and Brinc. XDC Network is committed to investing in innovative dApps and fostering growth in the blockchain space in the coming years.

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