ATLO (Assembly, Test and Launch Operations) is the new Launchpad platform created on the Terra blockchain which aims to offer a simple, clear and above all decentralized service. In the past, accessing funds for the realization of a project was a decidedly complex process, often impossible, due to the difficulty of drawing funds from the public and private sectors. Too much bureaucracy that often discouraged the creators of a project to transform the idea into something concrete.
The blockchain, among its many advantages, offers a much more streamlined, simple and accessible service to all, in which the lenders are many small users who have confidence in a project, for which they decide to invest a part of their capital. In exchange for the trust and the capital invested, the lenders receive a proportion of the shares of the project in the form of tokens, which obviously will have a value that over time will be greater if the project is successful.
ATLO is an intermediary platform between the creators of the project and its financiers, an important window that has a fundamental role: to advertise the projects that will join the platform and to ensure that they are not scams. For this reason, the ATLO registration process will require various steps and each step will be voted on by the community through token governance. Those who invest in ATLO will be able to evaluate the listing of the projects, the voting power will be proportional to the amount of ATLO in staking.
The community has the power to decide which projects to approve and which to reject. ATLO will have to provide all the useful data so that an investor has the tools to decide, which is why it is important to be clear and simple but at the same time exhaustive. ATLO will therefore be an autonomous Launchpad in which the creator of a project will be able to register, provide all the necessary information and await the decision of the community. All the steps will in fact be managed by smart contracts and oracles. Neutrality is key to ATLO.
Tokenomics
The project foresees $ 200 million ATLO of which 40 million (12.5% of the total supply) were offered for sale in the Early Sale and another 40 million for sale in the Public Sale at a price of 0.08 UST, participation requires KNOW YOUR CUSTOMER (KYC).
10% of the total allocation is in the hands of the team which is composed of 8 people at the moment whose identities are not known, or at least I could not find anything in the WP and website, an element that in my opinion contributes to providing greater confidence in investors. But I hope that in the future they can also be shown through the AMAs, an important business card.
ALWAYS do your proper research before investing in any project
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