Startup Success — Fantom (FTM), Harmony (ONE) and DAO Maker (DAO)
In less than 3 years since its launch in April 2019, Gate.io’s Startup Initial Exchange Offering (IEO) platform has helped over 250 early stage projects raise funding. Since then, many projects have grown to become successful players in the crypto space, three such success stories are Fantom (FTM), Harmony (ONE) and DAO Maker (DAO).
Fantom on Gate.io Startup
Fantom recently saw a surge in its pricing despite an overall downward trend in the global crypto market. As the 13th project listed on Gate.io Startup, Fantom raised $250,000 in funding from 4,207 investors on August 7, 2019. At the time, investors were able to purchase a single FTM token for just over $0.11. The day after, when Fantom listed on the main Gate.io exchange, it saw a surge of nearly 100%, seeing it top $0.21 at the time.
The DeFi platform has been making waves in recent weeks after collaborations with industry players such as Andre Cronje and Daniele Sestagalli, sending the token surging from as low as $1.26 in mid December to over $3.00 earlier this week. Early investors in the project on Startup who still hold the token will have seen returns of nearly 30,000% in just two and a half years.
Harmony on Gate.io Startup
Similar to Fantom, Harmony also recently saw a surge in its price despite headwinds from an overall bearish market. As the 14th project listed on Gate.io Startup, Harmony also raised $250,000 in funding from 4,924 investors on August 19, 2019. At the time investors were able to purchase a single ONE token for just $0.005. The day after, when Harmony listed on the main Gate.io exchange, it saw a surge of over 100%, seeing it nearly reach $0.012 at the time.
Also a DeFi platform, Harmony has focused on a scalable, cost-effective platform with cross-chain capabilities focusing on dApps and NFTs. The recent rise in popularity of DeFi Kingdom, an integrated game, exchange and NFT project built on Harmony has pushed the coin from around $0.16 in mid December to over $0.35 earlier this week. Early investors in the project on Startup who still hold the token will have seen returns of nearly 70,000% in just two and a half years.
DAO Maker on Gate.io Startup
Unlike Fantom and Harmony, DAO Maker has seen consistent growth over the years since its launch, however it has surged dramatically over the last year since its listing on Gate.io Startup. As the 17th project listed on Gate.io Startup, DAO Maker raised $300,000 from 1,252 investors on January 18th, 2021. At the time investors were able to purchase a single DAO token for just $0.10.
Since being launched as a bootstrapped funding platform in 2018, DAO Maker has seen tremendous growth as it creates growth technologies and funding frameworks for startups, while simultaneously reducing risks for investors. Since being listed the token has surged to over $4.80, giving early investors returns of over 47,000% in just under a year.
Success on Startup
Since being launched, every single project listed on Startup has been oversubscribed to with investors offering more capital than the fundraising goal. With over 300 projects listed on the platform, there have been many success stories and undoubtedly more will follow in the months and years to come.
Startup offers early stage projects an optimal launch platform by offering them access to millions of potential investors, and subsequent listing on the main Gate.io exchange. The Gate.io team thoroughly vets projects and the team behind them before allowing them to list on Startup and our exchange. Of course, users are still urged to do their own research on projects they invest in as the crypto market is known for its risk and volatility.
