Chainwire, Dubai, UAE – January 2nd, 2024 – Crypto accelerator and launchpad Raiser has announced a new fundraising model called the Fair Community Offering (FCO). This model aims to democratize the investment process for crypto projects by rewarding dedicated community members and early supporters.
The FCO is a departure from traditional web3 financing models such as ICOs, IEOs, and IDOs. It prioritizes genuine supporters over speculators, ensuring that early-stage capital comes from passionate backers who share a project’s vision and values.
Raiser’s first project to be supported through the FCO is Playbux, a web3 entertainment platform backed by Binance Labs and VISA. The FCO, organized by Raiser and market maker partner Kairon Labs, is scheduled for January 2024.
CEO Kori Leon, a former member of Binance’s listing team, explains that Raiser’s goal is to support both the community and centralized exchanges by rewarding active community members and assisting exchanges in their strategic decisions.
Playbux, currently the most active dApp on BNB Chain with 16 million users, boasts impressive features such as a shop-to-earn mechanism and the most traded NFT on the BNB Chain. Its community engagement metrics and tokenomics were key factors in Raiser’s decision to choose it as their first FCO project.
To participate in early-stage investments, users must prove their dedication to a project’s success through specific actions on Raiser. The platform’s unique ranking system recognizes users according to various metrics, creating a healthier token launch environment and reducing selling pressure on CEXs.
Raiser operates without a token, emphasizing their belief that passion and commitment to a project should drive investment opportunities, not the possession of a launchpad token. The team is composed of industry veterans and former Binance team members, with a focus on supporting projects with strong fundamentals and a commitment to widespread crypto adoption.
Raiser’s Fair Community Offering aims to transform the web3 fundraising landscape and promote a more meritocratic approach. Their first project, Playbux, is a web3 entertainment platform on the BNB Chain that integrates commerce, DeFi, NFT, and metaverse activities.
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