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Since hitting a record high in April 2024, $FJO has fallen by over 70% from its peak value. Despite this, many are still optimistic about Fjord Foundry’s future, after its Liquidity Bootstrapping Pool (LBP) raised over $15 million last year. Investors believe that there could be long-term value from this model, however, can the Fjord Foundry platform return to its former heights?
In the Fjord Foundry review, we will examine the project’s fundamentals, roadmap, team, and what makes it unique compared to similar projects. We will also examine successful launches on the platform and analyze its native token, $FJO.
Key Takeaways on Fjord Foundry
Here are some of the main takeaways from the Fjord Foundry network.
- Cross-Chain Launchpad: Fjord Foundry specializes in helping projects from multiple blockchain networks launch and gain traction by offering a seamless way of creating and launching token sales.
- Successful Track Record: Fjord Foundry has launched hundreds of projects, including notable successes like GF and MC Copper, which raised over $100 million, respectively.
- Staking: Investors in $FJO can earn rewards in the form of FJORD Points (FJOINTS) by participating in staking programs. Rewards come from market buybacks and are released after a 6-week lock-up period.
- User-Friendly: Fjord Foundry provides intuitive interfaces, transparent fees, and comprehensive support to ensure a seamless experience for project creators and investors.
- Why We Recommend Best Wallet as an Alternative: Best Wallet offers unparalleled security, a larger user base, and a fast-growing token presale. The $BEST coin has already raised $10.7 million so far in its funding campaign.
What is Fjord Foundry?
Fjord Foundry is a crypto launchpad that focuses on helping blockchain projects secure funding from DeFi investors. It provides a comprehensive suite of services such as fixed-price token sales, overflow, and liquidity bootstrapping. The biggest launch on the Fjord Foundry platform was GF Copper, which raised $139.8 million in 2021.
Fjord Foundry helps projects accelerate their growth and adoption by bridging the gap between exciting blockchain ideas and the capital needed to bring them to life. The platform is designed for both projects and investors. Builders can leverage Fjord Foundry’s platform to maintain all aspects of token sales while engaging with an active community of crypto investors.
For investors, the benefit comes from participating in early-stage projects with significant upside potential. There is an extra added cherry on top in the form of additional rewards from staking and airdrops which are there to provide the community with passive income beyond their investments.
How Does Fjord Foundry Work?
The Fjord Foundry wallet streamlines the process of launching and managing the fundraising campaign of new blockchain projects. At its core, the platform offers a well-rounded launchpad that enables cross-chain projects — mainly Ethereum and Solana — to fund and promote their tokens effectively. Project teams can set up token presales, and customize parameters such as pricing and the type of sale they want to use, such as fixed, bootstrapping liquidity.
The platform’s integrated marketing and community-building services are key differentiators from contemporaries, enabling projects to create unique branding. Fjord Foundry assists projects in building visibility and trust through tailored promotional campaigns and active community engagement. So although only projects on ETH and SOL can launch on Fjord Foundry, projects can target investors interested in other ecosystems like BNB, Polygon, and more.
Fjord Foundry also offers staking options, allowing investors to stake their $FJO tokens to earn rewards, contributing to platform stability while enjoying passive income opportunities. This holistic approach ensures that both project creators and investors find value in the platform’s offerings.
Fjord Foundry Services & Features
Okay, so now you have a better understanding of Fjord Foundry and how it works, here are some of its features.
Launchpad
The main feature of Fjord Foundry is its launchpad, which offers an all-in-one solution for blockchain projects to launch their tokens. Leveraging a streamlined interface project creators can design, issue, and promote their token sale. These sales have multiple types of fixed price, liquidity bootstrapping, tiered, and overflow.
- A fixed-price sale has historically been the most used, and it is where investors can buy tokens at a set price.
- Liquidity Bootstrapping Pools are a dynamic option where the price is based on the live supply and demand metrics.
- Overflow — which isn’t yet live — caters to excess demand, with a tiered system introducing increased prices across multiple stages.
Once the fundraising type is chosen, the project can then customize parameters such as pricing, allocation, and timing, giving them full control over the campaign. Additionally, Fjord Foundry offers analytics tools that provide valuable insights into investor behavior and campaign performance, ensuring that projects can make data-driven decisions to optimize their success.
Another standout feature of the launchpad is its ability to connect projects with a global network of investors. As a result of Fjord Foundry’s growing reputation for security and community, creators can attract diverse participants, fostering a broad base of support and engagement. The launchpad’s emphasis on transparency builds trust between all participants, making it a safe choice for token launches. There have been over 100,000 unique participants on the platform.
Staking
Staking is another significant feature offered by Fjord Foundry, as it provides token holders with an opportunity to earn passive income while contributing to the platform’s ecosystem. By staking $FJO tokens, participants can receive rewards in the form of additional tokens namely $FJOINTS. These $FJOINTS are primarily used to gamify the process of receiving airdrops. While the number of allocated $FJOINTS falls over time, users can use a points auction system to participate in any available airdrop, as opposed to receiving a small percentage of coins from a predetermined crypto.
Generally, staked tokens are typically locked for 6 weeks, however, rewards are generated and added in the interim period. This staking mechanism is designed to encourage long-term engagement and stability within Fjord Foundry’s ecosystem.
The staking process is user-friendly, allowing even those new to crypto to participate easily. Fjord Foundry also offers competitive weekly updated Annual Percentage Rates (APRs), regular payouts, and access to airdrops, making it an attractive option for those looking to maximize their returns. Moreover, staking serves as a critical component of the platform’s sustainability, as it incentivizes token holders to remain active.
Top Projects Launched on Fjord Foundry
The Fjord Foundry has birthed several high-profile projects, below are some of the main examples.
Tuna Chain – L2 Blockchain with $8.9 Million Raised
Tuna Chain is a layer 2 platform on Bitcoin and is aiming to change and reshape the landscape of cross-chain barriers. Whilst using Bitcoin, Tuna Chain is combining this with Ethereum’s Virtual Machine due to its efficiency in handling smart contracts. This vision helped the project raise $8.922 million in a matter of 5 days, during its token sale in March 2024 at a price of $0.7 per token. The sale was done via an LBP, with 1,595 participants involved. 99% of the 16 million released for the sale were bought.
Ordibank – $100M Borrowing and Lending Protocol
Ordibank raised over $8 million in two days last year, utilizing the LBP model. Built on a Layer 1 Bitcoin solution, the Borrowing & Lending Protocol allows investors to earn yields from the idle $BTC tokens. Its token sale was priced at around $0.19, with just over 99 million $ORBK tokens sold. According to CoinMarketCap, the project has a market capitalization of $106 million. The $ORBK token acts as a utility token within the lending ecosystem.
Zero1 Token – DeAI Platform with Focus on Governance
Finally, we have Zero1 Token which raised $10 million via a Liquidity Bootstrapping Pool which lasted three days. The Decentralized AI (DeAI) platform is the first inclusive Proof-of-Stake-based system of its kind, with a strong focus on data governance. Since launching its LBP for $0.27, the $DEAI token was able to climb to a record high of $1.25 in April 2024, a month after its sale. As of writing this, the token is now trading at $0.32, which remains marginally above its listing price.
How to Launch a Project on Fjord Foundry
Launching a project on Fjord Foundry is a straightforward process. Here’s a simple step-by-step guide:
Step 1: Choose the Type of Sale
The first step is to simply select the type of token sale you would like to have. As explained above, this will be either a fixed price, liquidity bootstrapping, tiered, or overflow. Once you select the one that meets your criteria, you can then proceed to complete the application form. Typically, most projects use the LBP.
Step 2: Complete the Application:
The application to get listed on the Fjord Foundry launchpad is broken down into 7 parts, as seen below. Once you fill in the sections relating to branding and sale structure, you will need to detail the information about the project and token vesting before submitting the form. Ensure you have all these details available to speed up the process.
Step 3: Apply/Await Approval:
Once everything is in place and you are ready, simply submit your application. The next step will be to wait for the team to review this, and if happy they will approve you for the launchpad.
Bear in mind that the team may invite you for an interview, or request additional details to verify your application. Should everything be completed, launch your token presale and use Fjord Foundry’s analytics tools to track performance.
How to Join Crypto Launches on Fjord Foundry
It is simple to join crypto launches on Fjord Foundry. The platform provides a wide range of exciting projects to choose from, offering an early opportunity to participate in possible 1,000x investments.
Step 1: Connect Wallet
To get started, connect your crypto wallet to Fjord Foundry and complete the required verification process. You will need to accept the risks associated with investing in these projects, ensure compliance with regulatory standards, and maintain the platform’s integrity.
Step 2: Explore Upcoming Projects
Once connected, you can view the current list of active and upcoming token presales, selecting your preferred choice. Fjord Foundry’s user-friendly dashboard offers detailed insights into each project, including its objectives, tokenomics, and development roadmap. This transparency allows investors to make informed decisions before committing any capital.
Step 3: Select/Participate in Token Sale
After examining the project details, tokenomics, and the team behind the project, you are now ready to join the sale. Simply choose the amount you are willing to risk and invest.
What Makes Fjord Foundry Unique?
Fjord Foundry stands out as a result of its commitment to transparency, investor satisfaction, and accessibility to potential life-changing investments. Unlike some other platforms, Fjord Foundry emphasizes providing a detailed review and breakdown of each project, which helps build trust for participants. It also gives projects the ability to build out a comprehensive marketing and branding model, to help create a unique identity from other offerings. Recently, Monitok launched a private presale on Fjord Foundry as a result of these principles.
Another unique aspect of Fjord Foundry is its focus on security. The platform separates curated and unvetted projects, informing potential investors if a project has a higher level of risk than others. Although the platform recommends always researching a project individually, its curated list has already been researched and gone through an extra layer of vetting.
Fjord Foundry ($FJO) Token
The Fjord Foundry coin is the driving force of Fjord Foundry’s ecosystem and serves as a utility token. $FJO enables holders to participate in staking programs, crypto airdrops, and buybacks/burns. 90% of the revenue generated from the platform is used to burn $FJO to increase its scarcity. As such, it encourages long-term engagement, with token holders benefiting from various incentives and governance privileges.
At its peak, one $FJO token was $2.75, days after raising $15 million in a token sale on the platform. The price plunged to a record low of $0.2247 in September 2024; however, as of writing, it is trading close to 170% above that level.
Is $FJO a Good Investment?
There is clear utility behind the Fjord Foundry token, and as the launchpad continues to attract emerging projects, its value could gradually rise. At the same time, it is important to note that the price is significantly below its record high, and it could take a herculean effort for it to move back toward that mark. Despite this, if you a bullish long-term, the current price could offer an opportunity to buy whilst its value is low.
Regardless of how you view the prospects of $FJO, it is important to consider all avenues being deciding to invest in it. Make sure to research and do your due diligence before buying this cryptocurrency.
Who’s Behind Fjord Foundry?
According to my research, Andrew Hayes is the current CEO at Fjord Foundry. The company was founded on the principle of democratizing access to potentially profitable investment opportunities in the web3 and crypto space. Speaking after the platform raised $4.3 million last year, Hayes said, “This funding round underscores the community’s confidence in our mission and further cement our status as the premier platform specializing in Liquidity Bootstrapping Pools (LBPs) and token launches”.
Fjord Foundry Future Outlook – Roadmap
After raising $15 million last year, the company wanted to implement several milestones. The $FJO token launch was implemented, along with expansions on the LBP product. Holders of $FJO are now also able to stake the token, and airdrops were also issued. However, the platform is continuing to expand its support of LBP on other blockchain platforms, which will be key in growing its user base.
So far, the platform has helped raise nearly $1 billion for over 600 companies and connected nearly 90,000 wallets. Should it expand its reach to other networks beyond Ethereum and Solana, these figures could greatly increase in the coming years.
Fjord Foundry Pros & Cons
Following our research throughout this review, here are the main advantages and disadvantages of $FJO.
Pros
- Comprehensive launchpad offering
- Strong community and branding tools
- User-friendly interface and features
- Robust staking rewards
Cons
- Competition from other launchpads
- Market volatility affecting the token value
Is Fjord Foundry the Best Crypto Launchpad?
It is clear that as a launchpad, Fjord Foundry is a strong choice for both new and emerging crypto projects looking to raise funds. Its user-friendly interface simplifies the mechanics behind building a brandable fundraising campaign, helping it appeal to a wide birth of crypto participants. Despite this, It faces stiff competition from other similar services. Platforms like Best Wallet provide unique advantages as a launchpad, offering access to multiple blockchains like Ethereum, Solana, Toncoin, and more.
This allows for the seamless exchange and trading of crypto assets, helping to make Best Wallet an accessible launchpad option. Additionally, the platform is known for its listing of exciting and groundbreaking projects, like Wall Street Pepe. Users can view the hottest upcoming tokens and buy them on the ground floor. This makes Best Wallet an ideal destination for crypto snipers and degens looking for the hottest deals.
Recently, Best Wallet has launched its own token via a presale, which is still in its early stages. So far, $BEST has raised over $10.7 million with a current price of $0.023975 and is offering staking rewards of over 169% to early holders. At the time of writing this, over 111,457,084 $BEST coins have been staked.
Conclusion
As seen in this review, Fjord Foundry has become a well-respected launchpad for reputable crypto projects, helping teams raise close to $1 billion in funding. The platform is designed for both project builders as well as the investors that provide the liquidity needed to scale. The $FJO token plays a central role in this, helping holders expand their income streams and support the community through engagement. However, with competition from launchpads like Best Wallet, both investors and project founders have strong options to choose from.
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FAQs
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References
- Tuna chain launches LBP on Fjord Foundry (deCrypt)
- Fjord raises $4.3 million to help early-stage crypto fundraising (ChainWire)
- Monitok kicks off a private token sale (Cointelegraph)
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