A decentralized finance (defi) protocol announced that it officially acquired an initial coin offering (ICO) listing platform. Jigstack, who bought icorating.com, will migrate all the platform’s assets to its Lemonade’s solution.

Jigstack’ Direct Email Database on Icorating.com

According to the announcement, the defi protocol, which acts as a decentralized autonomous organization (DAO), bought the website to boost its multi-chain token launch solution Lemonade.

Robert Weir, Jigstack’s COO, told news.Bitcoin.com that icorating.com acquisition is a “commercial trifecta for Lemonade” as they own “commercially relevant data, a database of over 30,000 active crypto investors.” In fact, they seek to boost exposure for projects launching through Lemonade.

In Lemonade, anyone can create a token sale in a matter of minutes, including adjusting the token lock sequences, vesting periods, and overall token distribution logistics, added Weir.

For projects launching on Lemonade, Jigstack COO commented:

They now have instant exposure to over 30,000 investors on Twitter and our direct email database and user traffic on the Icorating website.

Partnership With Ethereum Startup Polygon

Per the fees offered in the launchpad following the integration, the company says that it requires a flat 1% fee of the tokens, a 0.5% marketing bounty, and a 1% share of the tokens for the network vault.

Weir further added:

For the Lemonade platform, we just acquired one of the most comprehensive data sets in the crypto space. Specifically relevant for crypto-based fundraising and the investment space. Icorating.com has been operating as one of the biggest players in the crypto fundraising space since 2016. For investors, we’ve now significantly boosted our digital footprint and overnight injected tens of thousands of new investors into the Lemonade and Jigstack network.

Recently, Jigstack partnered with Polygon — formerly Matic Network — by seeking to reduce gas fees and improve the Ethereum defi ecosystem’s performance.

What do you think about the announcement made by Jigstack DAO? Let us know in the comments section below.

Felipe Erazo

Born in Colombia, Felipe earned a degree in journalism at the University of Chile with the highest honor in the overall ranking and holds a Bachelor of Arts in Social Communication. He is a writer with more than nine years of experience, first in the Forex field and later in the crypto industry as an analyst/news junkie. Among his interest topics include human rights, decentralization, financial markets, geopolitics, sports, and new technologies. An inveterate traveler, and always attracted to a good plate of food.

Global Nonprofit Operation Smile Opens Its Doors to Crypto Donations

SHARING ECONOMY | Jun 20, 2021

Clean Water Nonprofit Reveals Celebrity-Fueled Bitcoin Water Trust Initiative

SHARING ECONOMY | Jun 6, 2021

Image Credits: Shutterstock, Pixabay, Wiki Commons