Parasol Finance: This New Raydium Listing Aims to Be The Top Decentralized IDO Platform.

3 min readJan 5, 2022

Any business that wants to change the world will need some money to do so. Raising capital from investors is the first step in creating the world that we want to live in. Blockchain has revolutionized the manner in which new businesses can raise capital for business expenses. Through blockchain, businesses can be easily and directly crowdfunded through democratic means for the first time ever.

This means that the people own the innovative businesses that will make the world a better place. The people that are affected the most will have the most say in management and will benefit the most from the success of the business. Platforms are needed to facilitate the raising of capital by businesses from investors all over the world. Enter: the IDO.

What is an IDO?

The IDO, also known as the Initial DEX Offering, is one of the most popular terms in the cryptocurrency sector. An IDO launchpad is a platform that allows entrepreneurs to list their new protocol and raise capital for the development of their business. It allows early and excited investors to be part of innovative companies before the public and be rewarded for it.

Parasol IDO Launchpad

The Parasol Finance Team is pleased to announce the launch of its first-of-its-kind decentralized IDO Launchpad on Raydium January 7th, 2022. Parasol will focus on integrating the Solana blockchain so that projects built on Solana can raise capital in a decentralized and secure manner.

About Parasol Finance

Parasol Finance aims to be the first ever community-owned and governed IDO platform built on Solana that serves their community over everything else. They aim to provide that community all the control over which projects are put forward and which can participate in the IDO process. As opposed to the team having all the control over what projects are listed and which projects are allowed to raise money on the platform, the community will have all the power. What the community says, goes. The team believes that “Since the token holders and active community members are the ones most affected by management decisions and IDO listings, they should have the absolute say in what projects are allowed to list with us at Parasol.

Why Parasol?

The key utility of owning Parasol tokens ($PSOL) are governance rights of voting for and participating in IDOs. The community-governed platform will be an integral part of bringing new and existing projects and protocols into the Parasol ecosystem while enabling the community members to invest at the ground floor. In the process, Parasol and the $PSOL token will become a foundation for enabling further development with partners, the community, and the burgeoning blockchain ecosystem as a whole.

Being a part of Parasol means being a part of the next-generation of technological innovation. By participating in the IDOs chosen by the Parasol community, $PSOL holders are the very first to own these innovative new businesses before anyone else.

You will be able to do following:

— Stake your $PSOL to get rewards

— LP Farming

— Participate in the launchpad, getting access to new IDOs with multipliers and bonuses

— Hold or stake your $PSOL and receive free airdrops from our partners

— Utilize $PSOL for governance and manage IDOs on the launchpad

Media Links:

Twitter: https://twitter.com/parasol_finance

Telegram: https://t.me/parasolfinance

Discord: https://discord.com/invite/JBzVvUVZPn

Media Contact:

Company: Parasol Finance