New York, January 9, 2025 – Buidlpad is here to make token launch great again. The market has seen enough VC-backed projects with inflated valuations that farm users with points before quickly being dumped and forgotten after listing. Buidlpad connects builders and communities to restore an equitable fundraising system in crypto, driven by retail and individuals. Through Buidlpad, projects can raise funds and expand their community engagement, while retail investors benefit from preferential terms and skin in the game. Buidlpad creates a solid foundation that aligns interests for a successful token launch and long-term performance.

Today, Buidlpad is excited to announce its inaugural community sale for Solayer’s debit card, via which Solyer’s protocol token, $LAYER, will also be offered to users. Solayer is developing Solayer Chain which is a next-gen hardware-accelerated SVM blockchain with infinite scalability designed to empower dapps with improved network bandwidth while leveraging Solana’s L1 security. Previously, Solayer has also established its foundation with an advanced staking protocol built natively on Solana. 

From its existing products, Solayer already offers the leading staking infrastructure on Solana with its launch of native SOL staking, as well as the first yield-bearing stablecoin backed by T-bill yields on Solana, Solayer USD (sUSD). Since going live in Q1 2024, Solayer has accumulated over $350M in TVL. sUSD which was launched in Q4 2024 has also quickly attracted over $25M in TVL. 

The $LAYER token will function as the native token for the chain and the governance token, empowering holders to make influential decisions regarding crucial development directions such as new partnerships, product enhancements, technical upgrades, and ecosystem growth. In a significant gesture towards community engagement, 3% of the total token supply will be allocated to Buidlpad for its community sale program.

Key details regarding the $LAYER Community Sale include:

Format: Subscription and prorating

Subscription Period: KYC is open on January 9th 

Supported Payment Tokens: USDC (Solana), USDT (Solana), SOL, WIF, and BONK

Interested participants are encouraged to complete their KYC verification early before the subscription period begins for a smoother experience. For further information about Solayer and the specifics of the Community Sale program structure, please visit Buidlpad's Solayer Page.

About Buidlpad

Buidlpad is a compliant crypto public sale platform. In response to the prevailing market sentiment characterized by poor performance and low trust in many VC-backed projects, Buidlpad seeks to restore community ownership in the crypto space. Buidlpad’s goal is to reduce the dominance of venture capitalists and institutional airdrop farmers over project tokens. By democratizing the pre-TGE community sale process and emphasizing transparency and compliance, Buidlpad aligns the interests of retail users who genuinely invest in and contribute to projects. This approach ensures effective fundraising, scalability, and long-term sustainability for project teams, while also providing profitability and new opportunities for retail investors.

This post is commissioned by Buidlpad and does not serve as a testimonial or endorsement by The Block. This post is for informational purposes only and should not be relied upon as a basis for investment, tax, legal or other advice. You should conduct your own research and consult independent counsel and advisors on the matters discussed within this post. Past performance of any asset is not indicative of future results.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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