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Genius X, a revolutionary accelerator program and launchpad for ambitious Web3 startups, has onboarded two more projects.
The program regularly receives dozens of applications; however, only a select few are accepted to join as part of the program’s dedication to quality. Through a rigorous vetting and review process, Genius X identifies promising startups building innovative solutions and nurtures them to success.
Genius X is happy to welcome:
Ada Ninjaz and RocketFuel are deploying on Cardano through Genius X. Deploying protocols on the proof-of-stake (PoS) platform typically enjoy predictably low transaction fees, all because of the network’s unique smart contract construction. Meanwhile, investors can analyze and, at their discretion, support more quality projects because of Cardano developers’ inclination to continuously improve the network’s scalability and general performance. The founder of Cardano, Charles Hoskinson, expects more projects to launch once the Vasil hard fork, a major upgrade scheduled for quarter 3, 2022, is implemented.
Ordinary retail investors can also take advantage of features unique to Cardano by supporting projects by staking their ADA when participating in Initial Stake Pool Offerings (ISPOs). ADA delegation is non-custodial, and the user remains in control of their funds, cushioning them against external project’s related failures. Genius X is leveraging the ISPO feature in Cardano by offering supported projects with quick ISPO setup through Maestro’s stake pool deployment platform, quickly linking projects with investors from around the globe.
By manually vetting projects, making the submission of KYC information mandatory, and thoroughly assessing the team’s capability and product or service feasibility before being onboarded into the accelerator program, Genius X reduces retail investors’ investment research work. This way, they only have to do their due diligence before supporting their choice projects.
Ada Ninjaz and RocketFuel are now two more projects, and part of the more than a dozen promising startups under the Genius X program, available for investors to support via future ISPOs or public crowdfunds such as Initial Coin Offerings (ICOs).
Under the Genius X program, Ada Ninjaz and RocketFuel will receive a wide range of support, from business strategy, marketing, legal, token design, fundraising, and more. These skill sets are essential for startups to have an edge over competitors as well as to ensure that they quickly gain traction on launch, increasing their chances of success.
Genius X fosters innovation and empowers Web3 startups to build impactful and scalable blockchain-based companies that will have a massive global impact. We accelerate and scale the most promising projects through our advisory, mentorship, and growth experience.
Original Source: https://medium.com/@GeniusXOfficial/genius-x-onboards-ada-ninjaz-and-rocketfuel-1336b…
Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.