Markets

Pond Markets is a platform that allows creators to engage with the Pond community and receive community contribution as seed funding to achieve their dreams. However, it is also more than just a token launch platform. It's a community-driven launchpad where passionate builders connect with supporters who believe in grassroots innovation. Here, you'll engage with the project creators by providing feedbacks, participate in project token generation events and auctions, and review project progress.

Here is a step-by-step guide on how to use the Markets.

At the homepage of Pond Markets, you will get an overview of all the projects.

Every project can be in one of the five status: Proposed, Seeding, Active, Launched, and Unsuccessful. Below are the details and what each of them means to you.

Proposed

The project is just created by its team, and is under review by the community and Pond. Normally, the project has to win the Pond Hackathons to be able to enter the Markets. In this stage, you can review the project details and provide your feedback in the Discussion section. Your engagement could potentially shape the direction of the project and even its outcome.

Seeding

The project has passed initial review and the generation of the project token has started. This phase lasts for 24 hours. Pond users can participate by pledging stablecoins for the project token at a fixed price. Each user can exchange for no more than 5% of the offered tokens on a first-come, first-served basis.

Active or Unsuccessful

If the project has reached its seeding target (and the overhead for the liquidity pool), it enters the Active phase. You will be able to claim the tokens you have exchanged for on the website. The project team will start building their product. They will need to deliver their development milestones and provide progress update regularly. You are encouraged to provide your feedback throughout and beyond the development phase.

As soon as the project becomes Active, a percentage of the project tokens will be transferred to a liquidity pool on Uniswap, and everyone can trade the project token on the secondary market. You will be able to see the price chart of the token on the project page and trade the token directly.

If the project does not reach its seeding target, then the project moves to the Unsuccessful status. All stablecoins received in the seeding phase will be returned to the participants.

Launched

Once the project team delivers their Minimum Viable Product (MVP) defined in their proposal, the project enters the Launched status. A link to the product will be added to the project detail, and you are welcome to try it out. A Review function will be added soon for you to rate the product and the project.

Meanwhile, the Pond Accelerator will help the product to grow by providing support on distribution, marketing, operations and beyond. The project team also need to improve their product in order to unlock the remaining project tokens. See Project Token Explained for the unlocking schedule.