Written interviews with DeFi projects on the Cardano blockchain.
Link to post on my Medium
This week’s Cardano DeFi project is a token launch platform built on top of the Cardano blockchain that introduces new tools and methods for raising funds: Coinecta.
The previous guest was a licensed platform for real-world assets (RWAs), offering investors an easily tradable portfolio through RWA-backed tokens.
This initiative is a point of reference for Decentralized Finance (DeFi) on Cardano and every week or two we will invite someone to answer some questions and give us an update directly from within the Cardano community.
Hey, glad to have you here. Please introduce your team, where are you from, what are your backgrounds?
Hey Patryk! Thanks for having us in one of your Cardano DeFi episodes.
We, the Coinecta team, have dedicated almost two years to internal development, gaining experience and knowledge within the blockchain industry. Our long-standing team has successfully established efficient and harmonious ways of working together, resulting in the creation of new projects and tools, and achieving remarkable progress.
During this period, we have launched three different projects, each marked by significant milestones and achievements. Our first was the successful launch and development of ErgoPad, a fully transparent, open-source, and decentralized LaunchPad on the Ergo blockchain. Built entirely from scratch, ErgoPad has facilitated the launch of over 10 projects, onboarded millions of liquidity to the ecosystem, provided funding and support to new projects, tools, and developers, and supported building a thriving community. The commitment, engagement, and feedback from our community have greatly contributed to the improvement of our work.
The Coinecta team brings a wealth of experience and expertise to the table, having successfully launched projects on other blockchain ecosystems. With a proven track record in project launches, ecosystem development, and decentralized governance solutions, we are well-positioned to drive innovation and growth within the Cardano blockchain. We have successfully demonstrated and proven our capabilities, commitments, and credibility to the Ergo community through our existing projects.
What is Coinecta and what problems are you solving? Also, why Cardano?
Coinecta is a token launch platform built on top of the Cardano blockchain that introduces new tools and methods for raising funds to create a successful Cardano-based platform. Our platform provides a variety of tools, such as fundraising, tokenomics design, advisory, technical development assistance, marketing, and more.
At Coinecta, our mission is to revolutionize token launches on the Cardano blockchain by providing a transparent and fair platform for innovative projects. We are committed to fostering a thriving Cardano ecosystem and empowering projects to raise community funding without intermediaries.
With our comprehensive token launch platform, powered by smart contracts and a decentralized approach, we simplify the process, enhance transparency, and ensure long-term growth. We prioritize trust, regulatory compliance, and user experience, while offering customized services and supporting community engagement.
Our goal is to bring real value, technical innovation, and decentralization to the Cardano ecosystem, setting new standards for decentralized finance and empowering projects to succeed.
The terms open-source and decentralization are ever-present in the crypto world. What do they mean? And how does Coinecta fit in this narrative?
Open source refers to making the source code of a project or tool fully accessible to the public, allowing anyone to view, modify, iterate on and use it for their own purposes. Likewise, blockchain technology is based on a decentralized network in which multiple participants have access to the same information and contribute to the network’s validation and code evolution.
By following an open-source strategy, Coinecta can develop a more robust, secure, and transparent platform, as well as serve as an example for future projects that can drive significant changes throughout the ecosystem.
Following the criteria outlined above, we feel that the open-source route is the only way to go since we believe in transparency, community-driven innovation, and a trust-based connection that will help us to achieve greater results and advance us in building a more robust platform.
We appreciate the open-source philosophy, therefore everything on Coinecta is going to stick to the fundamentals of this ethos, not only in what we’re building, but we’ll also recommend the same to each project that launches through Coinecta.
Everything on Coinecta, each IDO and everything that belongs to the platform will be decentralized and built on top of open-source transparent smart contracts on Cardano.
What is your roadmap? Where do you envision Coinecta in the next months and years?
Currently, we are constructing the website and organizing the tools and functionalities according to their importance and the overall structure of our platform. In the next two to three months, we will conduct the Coinecta IDO and introduce the $CNCT token, followed by marketing and promotion strategies.
After the token launch, we will progressively release new tools and develop the platform with a new UI/UX.
As soon as we have a fully functional platform, we will introduce the first IDOs, onboard the first developers and projects, and enable our community members and stakeholders to participate in early Cardano IDOs.
When we complete the platform, we will focus on improving it by adding new offerings and more functional tools. If you are interested in the specifics of our road map, please visit our whitepaper, which explains our quarterly objectives and plans for the next two years.
Amazing. Any closing thoughts? Where can people learn more about Coinecta?
Our operations are backed by a corporation registered in El Salvador, a country neutral in terms of global trade. El Salvador does not consider tokens securities, which enable projects to launch with fewer regulatory roadblocks. We will also register as a Money Services Business in the US, enabling us to stay open to US investors while strictly adhering to KYC and AML regulations.
We are putting together a clear path for other projects to register in the same way, and working closely with lawyers in El Salvador who are ready to assist.
This might open up new effective ways for other projects and teams joining the Cardano ecosystems, operating legally with their platform for advanced reliability.
Disclaimer: The opinions and views of the people interviewed are their own and do not necessarily reflect those of the Cardano Foundation or IOG. Moreover, this content is for educational purposes, it doesn’t constitute financial advice.