- Key Features and Capabilities of the Platform
- Benefits for New and Existing Projects
- Collaboration with Solana Foundation and New Partnerships
Forgd, a token advisory and optimization platform, announced the launch of its free-to-use web platform, providing blockchain projects unrestricted access to tools for tokenomics design, liquidity monitoring, cap table management, and financial planning.
Key Features and Capabilities of the Platform
A token launch involves complex challenges, prompting many blockchain projects to hire multiple external advisors for tasks like tokenomics modeling, market maker engagement, and exchange listing. These engagements can be costly and often lead to operational inefficiencies, given that few advisors operate an end-to-end process. Forgd addresses these challenges with free software tools for executing all vital go-to-market activities and optimizing token performance post-launch. This 'self-service' approach to Web3 advisory allows teams to execute at their own pace.
Benefits for New and Existing Projects
For blockchain projects that haven’t yet launched their token, Forgd helps them design tokenomics, conduct cash flow analysis and prepare for fundraising, secure partnerships with market makers and exchanges, and navigate administrative tasks such as offshore company formation. For projects with a live token, Forgd provides tools for monitoring market maker performance and token unlocks, automated token streaming, and even non-custodial liquidity provision.
Collaboration with Solana Foundation and New Partnerships
In a strategic move, Forgd has aligned with the Solana Foundation to provide select tools exclusively for projects built on the Solana blockchain. This collaboration underscores the Forgd commitment to supporting scalable blockchain ecosystems and fostering project growth.
Forgd reports that over 250 projects have already benefited from using its tools. The positive response since their private beta launch in Q1'24 has motivated the team to continue innovating and developing new tools to empower Web3 entrepreneurs.
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