Scared to Participate In a Token Sale? Here’s How Vent’s DeFi Launchpad Makes it Safer

With DeFi becoming accepted by the mainstream, IDOs (Initial Decentralized Exchange Offerings) grow in tow. With that being said, researching a token and the project behind it in-depth and ensuring its safety is a stressful endeavor at the best of times. Many are wary of participating in token sales

With fraudulent tokens and crypto-related scams on the rise, it’s no surprise crypto users are becoming more careful about what they buy.

The Vent Launchpad aims to resolve this by taking it on themselves to do their due diligence on all projects seeking to launch through them. It ensures that backer’s funds are kept safe and that they’re only released when the project demonstrates its qualities.

Today, we’ll be going over how Vent’s DeFi launchpad works and how it ensures safety when participating in token sales.

What is Vent’s DeFi Launchpad?

Vent Finance is the world’s first full-stack multichain community-focused IDO launchpad. It ensures that users have an easy time joining token sales while making sure the projects on the platform are trustworthy. The launchpad was designed to even the playing field between casual users and those that have been participating in token sales for decades.

Vent attempts to combine security and transparency with ease of use and give everyone access to a safe and fun way to contribute to DeFi projects. It provides promising early-stage projects with crowdfunding opportunities in addition to incubation assistance such as expert help.

So, what does Vent do to ensure you can safely participate in token sales?

Vent’s Intensive Vetting Process

The first of Vent’s many security measures is its intensive vetting process. They vet each project in order to ensure that it’s a worthwhile prospect for their users. Vent aims to launch exclusively high-quality projects that provide long-term value to society.

They will talk to founders and analyze the startup’s business plan in order to determine if the business is founded on short-term hype, or if it’s a project that will provide long-term value to its users.

Many crowdfunding platforms will support most projects that go through the door, scarcely reviewing their model and smart contract. With smart contract fraud being on the rise, Vent acts like the adult in the room, and their experts personally inspect each project’s smart contract. This ensures that their users aren’t caught in a scam.

Before listing a project, Vent does a thorough quality check,…