Forgd Launches Free Tools for Streamlined Token Launches
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Forgd Unveils Free Tools for Blockchain Projects
Forgd has emerged as a game-changer in the token advisory landscape with its newly launched platform that offers free tools tailored for blockchain projects. This initiative aims to break down the financial barriers often associated with traditional Web3 advisory services. By providing unrestricted access to essential resources for tokenomics design, liquidity monitoring, and cap table management, Forgd consolidates the fragmented services typically required by projects launching their tokens.
Tackling Challenges Faced by Blockchain Projects
The journey of token launching can be fraught with complications, compelling many blockchain teams to seek assistance from multiple external advisors for various aspects such as tokenomics modeling, engaging market makers, and getting listed on exchanges. However, such endeavors can be costly and lead to inefficiencies since very few advisors offer an all-in-one solution. Forgd addresses these challenges by providing completely free software tools that enable projects to manage all crucial market activities and enhance token performance post-launch. This self-service model empowers teams to move at their own pace, alleviating the pressures that come with launching a token.
Empowering Founders with Innovative Tools
Shane Molidor, the CEO and founder of Forgd, emphasized the need for such tools due to the varied complexities a typical tech founder faces during a token launch. He stated, "Many of the tasks involved in a token launch are outside the expertise of a typical tech founder, which is why we created a set of tools to streamline and simplify the process in an end-to-end application." This ethos of making the token launch process less daunting has led Forgd to create tools designed for optimizing and managing token launch projects.
Background of Forgd's Leadership
Shane Molidor brings a wealth of experience to Forgd, having spent over a decade in the cryptocurrency sector. His past roles include serving as CEO of AscendEX, Head of Trading at FBG Capital, and working at Gemini. Recently, Forgd broadened its toolkit by acquiring Tokenomics DAO, which is known for its expertise in tokenomics and protocol design.
Support for Pre-Launch and Live Projects
For projects yet to launch their tokens, Forgd offers support in designing tokenomics, performing cash flow analyses, and preparing for fundraising efforts. Additionally, teams can secure partnerships with market makers and exchanges, and get help with administrative structures like offshore company formation. For those with an active token, Forgd facilitates tools for tracking market maker performance, token unlocks, automated token streaming, and even options for non-custodial liquidity provision.
Collaboration with the Solana Foundation
A significant part of Forgd's strategy is its partnership with the Solana Foundation, providing specialized tools exclusively for projects based on the Solana blockchain. Florian Strauf, the CTO of Forgd and founder of Tokenomics DAO, remarked, "We are thrilled to collaborate with the Solana Foundation to offer our tools to Solana's vibrant developer ecosystem." This collaboration highlights Forgd's commitment to nurturing scalable blockchain environments and cultivating project growth.
Forgd's Growing Impact in the Blockchain Ecosystem
Since the private beta launch in the first quarter of 2024, Forgd has seen a remarkable response, with over 250 projects taking advantage of its pioneering tools. An example of their innovative offering is “AMM²,” a non-custodial market-making protocol, allowing projects to act as their own liquidity providers across major exchanges effortlessly. Shane Molidor expressed his enthusiasm, stating, “The positive response since our private beta launch has been overwhelming.” His team is dedicated to ongoing innovation to empower Web3 entrepreneurs aiming to launch and scale their projects.
About Forgd
Forgd stands at the forefront of token advisory and optimization, providing free software tools for blockchain founders to assist them in launching and scaling their projects. By operating as a public good, Forgd is reshaping Web3 advisory through the provision of specialized tools like tokenomics modeling, liquidity monitoring, and exchange listing support. In addition to self-service options, Forgd offers personalized consulting services for teams seeking additional guidance, making expert assistance accessible for a diverse range of blockchain projects, from do-it-yourself enthusiasts to those requiring tailored support.
Frequently Asked Questions
What is Forgd's mission?
Forgd aims to simplify the token launch process by providing blockchain projects with free, comprehensive tools for tokenomics design and market operations.
Who can benefit from Forgd's tools?
Any blockchain project, whether pre-launch or live, can utilize Forgd's free platform to enhance their token initiatives and overall market performance.
What experience does Forgd's leadership bring?
Shane Molidor, the CEO, has over ten years of experience in cryptocurrency, having previously held significant roles in well-known firms like AscendEX and Gemini.
How does Forgd support Solana projects specifically?
Forgd has partnered with the Solana Foundation to provide unique tools and resources specifically designed for projects built on the Solana blockchain.
What tools does Forgd offer for active token management?
Forgd offers features for monitoring market maker performance, managing token unlocks, automated token streaming, and non-custodial liquidity management.
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