Terraformer provides the technology and community-led funding, support and marketing network that startups on Earth need to build the next billion blockchain users.
In this article, we will discuss:
What is Terraformer (TFM) Token?
Billed as the “world engine for the Earth ecosystem”, Terraformer provides builders and creators with the tools they need to raise capital, increase liquidity and maximize their project's chances of success. The platform is designed to provide a hub where early-stage Terra ecosystem projects can start their growth efficiently and sustainably, while initializing their initial user base and managing the supply of their native tokens.
Terraformer's native utility token — known as TFM — performs a variety of functions within the Terraformer ecosystem, being used both to access early-stage token sales (e.g. IDOs and LBPs) and to unlock exclusive benefits in the Terraformer DEX.
The platform is being built and managed by an experienced team of financial professionals and business development experts. Leading the project is Pedro Pereira, CEO of Terraformer and a talented strategic developer who has previously worked on several projects for the European Commission and the European Space Agency.
DAO Maker co-founder, CMO and Chief Strategist Hassan Sheikh is on board as your lead advisor, helping to streamline your deal flow and maximize your market share.
How does Terraformer work?
Terraformer allows early-stage and more developed projects to raise funds through a variety of token sale formats, including an initial DEX offering (IDO), auctions, and liquidity bootstrapping pools (LBPs).
In addition to supporting raises for utility tokens, Terraformer supports a variety of NFT sale formats – allowing NFT-powered artists and projects to easily raise funds and distribute their assets to users.
While the platform is primarily concerned with helping projects raise funds and achieve their goals, Terraformer also has a number of secondary features. These include:
- A DEX-like Automated Market Maker (AMM): Terraformer’s AMM will primarily focus on newly launched and low-cap assets built on Terra and will be directly connected to the platform’s token offering solution – allowing startups to easily list their tokens after raising funds.
- Liquidity Accelerators: Terraformer will offer a variety of white label LP farms, helping projects increase liquidity, reduce their circulating supply and better manage the liquidity of their native assets.
The platform divides users into one of five rankings based on the number of TFM tokens wagered. At the higher end of the spectrum is the 'Terraformer' rating, while 'Lieutenant' is at the lower end of the spectrum. The more TFM tokens staked, the better access users get to IDOs and other Terraformer features.
The platform was created in mid-2021 and is currently in its early stages of development. While not yet released, its own native utility token, Terraformer, has already held its first IDO, and several more are already in the works – including Knight Lands, Breach, and DragonSB. Likewise, a basic version of its DEX is now available.
According to the official roadmap, Terraformer is expected to begin conducting NFT offerings and complete its Token Generation Event (TGE) in Q2022 2022, while several additional token sale formats will launch in QXNUMX XNUMX along with with the beta version of the Terraformer NFT marketplace.
IDO for TFM is scheduled to take place in January 2021 and will be hosted on DAO Maker.
What makes Terraformer unique?
Terraformer joins the growing number of launch pads targeting projects built on Terra. It plans to differentiate itself from the competition by providing a complete set of tools and services that projects can use not only to raise funds but also to continue their growth and success after launch. Some of its most prominent distinguishing features include:
Built for Earth
Widely heralded as the most powerful platform for next-gen financial apps, Terra has recently become one of TVL's top five smart contract platforms – thanks in large part to the runaway success of platforms like Anchor Protocol and Mirror Protocol.
Terraformer wants to help expand the Terra landscape from its roots, giving Terra projects access to the funding and resources they need to launch, succeed and grow. By focusing on quality over quantity, Terraformer aims to continue Terra's growth and adoption by providing the next generation of Terra-based financial products and services.
All-in-one launchpad
Unlike many other launch pads that primarily focus on IDOs, Terraformer allows projects to raise funds in a variety of ways, be it IDO, fixed rate swap, auctions or LBPs. It also supports sales of fungible and non-fungible tokens, giving TFM holders access to a diverse range of projects built on Terra.
Whether Terraformer can deliver on its promise of high-quality IDOs remains to be seen, but so far, its lineup has been promising.
native land AMM
Terraformer allows projects to immediately list and provide liquidity for their tokens through the integrated AMM platform. Secondary market participants will be able to use DEX to gain exposure to projects launched on Terraformer and related to Terraformer, giving them first access to some of the most sought after projects built on Terra.
How does Terraformer compare to the Pylon protocol?
Terraformer is not the first launchpad primarily focused on the Terra ecosystem. Several others are currently operating, including StarTerra, Pylon Protocol and the lesser-known Terra Pad.
However, Terraformer is arguably more similar to Pylon Protocol in terms of its feature set, as it offers more than just a simple project launchpad and provides projects with a variety of other tools and resources to optimize their launch and growth.
The Pylon Protocol launch platform, known as the Pylon Gateway, is a platform that allows users to deposit their Terra stablecoins (UST) to earn tokens from projects launched by the platform – essentially exchanging their proceeds for access to new projects.
On the other hand, Terraformer uses a more traditional launchpad approach that sees users stake TFM tokens to unlock their tier, which determines the size of their investment. This feature provides a lower barrier to entry as users are not limited by the size of their stablecoin deposit earnings (which are only a fraction of the total deposit size).
Additionally, Terraformer and Pylon Protocol differ in the range of additional features they offer. While Pylon Protocol doesn't have the variety of augmentation options that Terraformer offers, it does provide a platform for income-based recurring payments and subscriptions – this is its main feature. On the other hand, Terraformer is primarily concerned with resources that aim to maximize the success of projects launched, ensuring investors the best chances of generating a positive return on their investment.
To date, there is no dominant launch pad on Terra. That said, with the recent introduction of the Terraformer, the competition is certainly heating up.
NFT Market
Host NFT sales through a wide variety of formats, each with their own value, from increased liquidity to maximized distribution.
The primary market will be a curated platform with a particular focus on GameFi assets and metaverse🇧🇷 Assets will be available on Terraformer's NFT marketplace at the close of primary NFT sales.
TFM token
TFM is the association asset of the Terraformer ecosystem. Owners get greater access and discounts on Terraformer products.
- Launchpad Access – TFM Participants are eligible at different levels, each receiving a share of the allocated public sale supply from a token sale.
- Trading Advantages – TFM punters earn discounts on trades made on the Terraformer automated market maker and the NFT market.
Liquidity Acceleration
Deploy white label solutions that improve token liquidity.
Terraformer's white label LP farms encourage the community to increase asset depth. Meanwhile, white label single asset staking helps teams, DAOs and market makers reduce unblocked circulation, a key tool in liquidity strategies.
Conclusion
Terraformer joins the growing number of launch pads targeting projects built on Terra. It plans to differentiate itself from the competition by providing a complete set of tools and services that projects can use not only to raise funds but also to continue their growth and success after launch.
