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IDO privates sales and presales are most of the time the earliest and best opportunities one can get to invest in a promising project. However, it is always hard for investors to know how the developers will spend their funds. In addition to this, the crypto world has seen increasing numbers of bad actors who use such funds raising techniques, in the combination of fake roadmaps and promises, to drain the wallets of investors who fell for their game.
GloryDoge is here to fix this. We aim to build a secure DeFi ecosystem to help bring creative ideas to life and protect early investors' funds.
GloryPad, our first platform, is a place where developers can organize IDOs to raise initial funds and support their projects. It's not only that! GloryPad will completely shift control over the raised funds from the developers to the investors by making it impossible for the developers to use the funds, in any way, without the investors' consent and approval.
To raise funds on GloryPad, developers will have to create tasks, which are clear routes of where the raised funds will go. Tasks are not necessary to conduct a sale, but the more tasks a sale has the more trust the project gains from investors. You can think of tasks as future payments. These payments will automatically go through as soon as the sale's soft cap is reached. Investors can always verify the destination of the payments and reject the tasks they believe to be non-beneficial to the project.
GloryPad will also be a social hub that connects developers to investors, marketers, influencers, and other parties, who are willing to contribute to the successful launch of their projects. Anyone will be able to send a task request to any project on GloryPad that seems interesting for them. GloryPad will also rely heavily on connections to different social networks to verify the identity of the people that are getting paid for doing the tasks.
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