Sphere is a multichain, community-first IDO platform that works towards empowering launchpad projects in order to help raise liquidity fairly, while at the same time keeping in line with the decentralized space.
Sphere's innovative platform is a powerful launchpad for new projects within the Solana and Ethereum blockchains. Thanks to Sphere, many projects have already been able to build up large communities and amass secure funding without running into any of the typical issues, delays, reorganizations, or errors.
The platform's full bot protection can handle thousands of users, unlike many other competing launchpads.
This is all done on an incredibly user-friendly platform, upon which the project has placed a significant amount of importance in its UX and UI. Due to the complexity of the blockchain space, they have paid a lot of necessary attention to creating a platform that is both easy to use and navigate. By doing so, they work to ensure that users can get as much as they can out of it, without needing excessive knowledge and experience in the space.
Another standout feature that sets Sphere apart from other launchpads is its equitable and fair system that rewards everyone involved while still taking care of tokenholders. This is a dramatic shift from other launchpads, which only reward those who have clicked or filled out a form first. This structure also eliminates any potential financial barriers to entry.
To ensure that each user is rewarded, Sphere has created fair, decentralized liquidity by raising it through a tri-round system which makes a tier-based guarantee based on the number of Sphere tokens (SXS) a user owns.
The Sphere Ecosystem
In time, Sphere will develop to be much more than a launchpad, with its ecosystem accumulating all aspects of the Ethereum and Solana blockchain infrastructures. The first step in the project's development of a comprehensive ecosystem was its aforementioned launchpad. However, the end goal is to have numerous arms of the ecosystem, which will include:
NFT Marketplace
Sphere will create an NFT protocol allowing users to mint and distribute NFTs to collectors from a trustless, gas-efficient, interactive platform. To set itself apart and put the user first, Sphere will only take a very minimal cut - especially compared to other NFT platforms.
Decentralized Exchange
Sphere DEX will be easy to use, have a simple UX, and constant uptimes. Sphere's launchpad will also act as an incubator for new projects. As part of the incubator program, projects will have the option to be listed on Sphere's DEX, which will provide instant day-one liquidity and allow users to remain on the Sphere frontend.
Developer Toolkit
The Sphere Developer Toolkit will primarily be backend-oriented. However, it will feature some benefits for the average user, such as yield incentive pools.
Users must lock up at least 10,000 SXS tokens to access the Developer Toolkit. After the tokens are locked up, they will then be redistributed to the community stakers as part of a staking incentive.
Sphere also has plans to create an OTC Portal, although details surrounding it are still unknown.
The Sphere Token
The Sphere token (SXS) is the key to staking on the platform. With it, users will gain access to a large selection of decentralized applications. SXS will provide even more benefits to the token's stakers.
The users within the highest staking tier for SXS receive the highest level of benefits, which only expire when the user decides to recover their stake. This staking mechanism makes memberships to Sphere instantly liquid, fully fungible, and easily transferable.
Sphere is dedicated to democratizing investing in DeFi, while at the same time opening the door for many to have better access to Ethereum and Solana - the world's leading blockchains. Through its platform, the project hopes to make investing possible for anyone, making it easy to be a part of the 300,000+ user community, and ensuring it remains totally decentralized.
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