Centralization is Dead: Long Live Decentralization
To Valhalla We Ride: the Struggle between Sovereignty and Control
Almost a decade since the launch of Ethereum and many new Blockchains and Crypto based service providers still lean toward centralization, yet the relentless onward march of Bitcoin and the broader crypto ecosystem offers an alternate path — one of freedom and decentralization over control and obedience. Initial Dex Offerings (IDOs) and the Launchpads that support them are a vital part of this movement and empower projects to launch in a more community oriented and decentralized manner.
While decentralized blockchain ledgers have the opportunity to redistribute power, existing structures increasingly trend towards centralization. Trading volumes remain largely on centralized exchanges, and new applications reveal “Ce-DeFi” product offerings, large venture capital funds, and Initial Exchange Offerings (IEOs), all contributing to a concentration of wealth and power.
With only about 8% of transactions occurring on decentralized exchanges (DEX) versus 92% on centralized exchanges (CEX) (source: CG report Q1 2024), there’s still a long way to go. While centralization has indeed contributed to the industry’s current standing, the future lies in cross-chain, cross-border financial freedom powered by community and distributed control. With fresh industry leaders driving rapid change, the signalling of the decline of CEX in favor of DEX has begun.
One area where decentralization already thrives is Initial DEX Offerings (IDOs). The leading launchpad, Fjord, has raised more funds than the top 25 centralized exchange launchpads combined (source: cryptorank.com). As centralization wanes, community-launched and funded projects will become the norm. Enter Valhalla Launch — a platform designed to incubate and launch cross-chain projects and tokens, fostering communities to ensure their growth and prosperity for all involved.
The Full Valhalla Vision:
Valhalla Launch stands as a testament to the lessons learned from past experiences, both for the project and our community. With the surging demand for cross-chain liquidity and the emergence of projects like THORChain, Maya, and ChainFlip, it’s evident that this trend is here to stay. By collectively investing in this industry, we not only support its growth but also partake in its rewards, offering our community an unparalleled opportunity.
Backed by the formidable Valhalla cross-chain DEX aggregator and its extensive liquidity network, Valhalla Launch will be poised to facilitate the launch of new projects and their tokens, seamlessly integrating them into the expanding ecosystem from day one. Users seeking to invest and nurture these projects will be required to stake their tokens on Valhalla, unlocking access to the projects’ IDOs. This mechanism serves as a demand driver for the XRUNE token, bolstering its buy pressure.
Drawing from history, we recognize that launch pads and IDOs are highly cyclical industries. By diversifying our product offerings, both the community and project itself can benefit during downturns, allowing for continued development and investment even in bear markets.
Furthermore, Valhalla will continue to make strategic project treasury and collaborative investments, akin to the support provided to Maya in its early days. In return, the yield from these endeavors will be shared between the project and the community, augmenting staking rewards while funding future project expansions.
The Future is Bright, The Future is Decentralized:
As previously mentioned, key stewards of our space have recently emerged from behind the veil to guide and accelerate its growth. Thorstarter, as an original pioneer in this realm, and our rebranding to Valhalla signify our unwavering commitment to the future progression of this industry. Through strategic investment and nurturing, we aim to foster holistic growth across the entire space.
While centralized entities may currently dominate much of the trading landscape, numerous areas have already shown resilience and resistance to this monopolization. We anticipate this trend will only accelerate moving forward. Launching projects from a community-focused incubator and launchpad with direct connections to the leading players in the cross-chain DEX landscape will become the standard.
These are the goals of our tribe.
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