Standard Protocol’s has announced that they will conduct an IDO on Polkastarter. The platform announced this on their Medium Page.
The platform recently completed its private rounds and had contributions totalling $3.25 million. Proceeding that, the platform is now preparing for an IDO launch.
In the IDO, Standard DAO token STND worth $325,000 will be available for sale without any lock-up period. The IDO will take place on 27th April. Details about the whitelist and the token supply will be disclosed on the platform’s social media channels.
Standard Protocol team includes, Hyungsuk Kang (Founder and CTO): He is the software engineer at Plasm, Head ambassador for East Asia of Polkadot, and Co-founder of PolkaKR; Jaewon Shin (Co-founder): He is the founder of Chiko Media, and founder of PolkaKR. Previous, he was the Executive Director at BitBlock Group; Billy Lee (Lead Developer): He is the software engineer with over 4 years of experience in full stack web development; Tony Ling (Head of China): He is the founding partner of Bitblock Capital, and is guest lecturer at Zhejiang University; and Dixon Wong (Product Owner): He is the product manager in Digital Banking, and previous a marketer and analytics consultant.
Standard Protocol is a collateralized Rebasable Stablecoins(CRS) protocol, a first of its kind, for synthetic assets. The platform will operate in the Polkadot ecosystem and is hoping to introduce a new paradigm for liquidity aggregation. For more details, you can check out their social media channels.