IDO is a blockchain platform for the development of smart contracts. IDO aims to become the Amazon of blockchains, using their deep understanding of product sourcing and e-commerce to make it easier for developers to create decentralized apps with ease.
In the “what are smart contracts” is a question that people have been asking for quite some time. The Transient team has raised $1.2 million through an ICO to build the Amazon of Smart Contracts.
22nd October 2021, Tortola, British Virgin Islands
Transient Network, a Smart Contract Global Marketplace, is pleased to announce that it has funded $1.2 million via two separate Initial DEX Offerings (IDOs) – Genesis Pool and Lemonade. Transient ($TSCT) raised $1 million on Genesis Pool in an oversubscribed public offering and $200,000 on Lemonade. In under 90 minutes, the Lemonade sale surpassed the $200,000 mark!
Transient is creating the “Amazon of smart contracts” — a worldwide marketplace of decentralized apps (dApps) aimed to assisting non-coders in the creation of smart contracts for certain use cases and industries. Individuals and corporations may utilize the applicable dApp on the marketplace to develop self-enforcing and self-executing smart contracts, even if they have no prior coding experience.
Prior to the IDO public offering, Transient had collected $275,000 in a seed round that included Exit Forward, a venture capital company that invests in forward-thinking businesses, as well as a number of silent advisors.
It also raised $1.2 million in a private token auction ($TSCT). Because of the project’s nature, Transient chose to acquire money largely from a small number of people investors rather than enlisting the help of whales or notable venture capitalists.
“After a long road to get here, we are absolutely thrilled and excited to have completed our private and public raises – with a number of eager investors and launchpads snapping up the opportunity to get in at the very beginning of our journey ahead – we especially thank our seed investors Exit Forward and launchpad partners GPool and Lemonade,” said Transient Network CEO Beau Olson. We at Transient can now concentrate on expanding our Smart Contract Global Marketplace to the rest of the globe, enabling programmers and non-coders alike to use our smart contracts for anybody, anywhere, at any time.”
Smart contracts have become one of the most important components of the blockchain realm since the introduction of Ethereum. However, until today, only programmers were able to take use of them.
The advantages of smart contracts, like as immutability, transparency, speed, correctness, and hyper-security, should not be confined to transactions and agreements between developers, according to Transient. Providing non-coders with the ability to develop and interact with smart contracts might help to spread blockchain adoption to the masses.
The following are the first four dApps available in Transient’s marketplace:
- TSC-Core: A basic smart contract creation and administration app with transfer, deposit, and digital signature capabilities.
- CryptoPool: Allows users to construct their own cryptocurrency price prediction pools and split the profits.
- Esports: Creates a P2P market for your favorite contests as well as a variety of other services, elevating social betting and content-driven experiences to new heights.
- NDA: Allows users to construct smart contracts that make working with customers and partners simpler. The contracts are ironclad within the legal context, according to Transient’s legal consultants.
Transient is a decentralized environment that allows people who aren’t programmers to establish and administer Next-Gen Contracts in the digital realm. Its Smart Contract Global Marketplace, which hosts and enables the immediate production and distribution of a broad variety of self-enforcing and self-executing Smart Contracts, was created from the bottom up to accelerate blockchain adoption throughout every sector of business and life.
Visit https://www.transientnetwork.io for more details.
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