Introducing: The KSM Starter Initial Metaverse Offering (IMO)
Anyone who has been reading the news in the industry in both Web 2.0 and Web 3.0 have heard it: the age of Metaverse is here. With the Metaverse trend in its full swing, KSM Starter is witnessing a flourish of new Metaverse-themed projects sprouting. However, most Metaverse projects are lacking the launch experience that truly embraces the nature of the Metaverse. KSM Starter is proud to present its solution: Initial Metaverse Offering.
What is an IMO?
Initial Metaverse Offering, or IMO, is an innovative launch method catered towards Metaverse projects. The IMO is composed of 2 parts — token sale and Metaverse item sale. The item sale occurs after the token sale has been concluded and the claim has been opened, allowing participants to utilize their purchased token allocation to purchase the in-Metaverse items. The streamlined process creates an optimal flow of funds for the newly launching Metaverse-themed projects, while encouraging participating users to enjoy the immediate Day 0 token utility and benefits.
How is an IMO Offered?
IMO is offered in two separate modes — Virtual and Physical. Virtual IMOs, or VIMO, are to be offered using the soon-to-be-released KSM Starter VR/AR/XR lobby. Users are able to enter the lobby through their smartphone in AR or XR mode, or connect through their VR headset to enjoy the fully immersive experience. In the lobby, users are able to see the project information and utilize the portal to purchase their allocations.
Physical IMOs, or PIMO, are to be offered for those who still prefer their traditional laptops. Users are able to participate in PIMO the same way they would enter an IDO, allowing an easy-to-understand process that is intuitive for everyone.
When can users expect the first IMO?
The first IMO is planned to showcase in January 2022. As much as this is first of its kind within the launchpad industry, the team at KSM Starter is working around the clock to make the experience as smooth and reliable as possible.
The first IMO is most likely to be a PIMO, while the second IMO planned for February 2022 is more likely to be a VIMO.
See you in the Metaverse!
About KSM Starter
KSM Starter, the primary launchpad on Kusama, is built to provide early-stage support and public funding for projects building on Substrate. KSM Starter’s incubator modeled launchpad is driven by the community and shared values of fairness, transparency, and decentralized organization. Unique to the KST ecosystem, community members are incentivized to participate in the pre IDO selection process through higher allocation rewards. Also unique to KSM Starter, collaboration is fostered among launched projects by incentivizing community members to support previous launches by awarding them with improved lottery odds. This along with the KST Ecosystem Council generates a synergistic network effect that empowers all projects to succeed and leave a lasting impact on Kusama.
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