New York, NY, September 3rd, 2024,
Chainwire
Forgd, a token advisory and
optimization platform, announced the launch of its free-to-use web
platform, which provides blockchain projects unrestricted access to
tools for tokenomics design, liquidity monitoring, cap table
management, and financial planning. Forgd eliminates financial
barriers associated with traditional Web3 Advisory and consolidates
an otherwise fragmented services industry built to support
blockchain projects as they issue a token.
A token launch involves complex
challenges, prompting many blockchain projects to hire multiple
external advisors for tasks like tokenomics modeling, market maker
engagement, and exchange listing. These engagements can be costly
and often lead to operational inefficiencies, given that few
advisors operate an end-to-end process. Forgd addresses these
challenges with free software tools for executing all vital
go-to-market activities and optimizing token performance
post-launch. This “self-service” approach to Web3 advisory allows
teams to execute at their own pace.
"Many of the tasks involved in a token launch are
outside the expertise of a typical tech founder, which is why we
created a set of tools to streamline and simplify the process in an
end-to-end application," said Shane Molidor, CEO and Founder of
Forgd. "Forgd was built in response to the recurring needs of
founders we’ve observed in Web3. Our DIY software tools not only
reduce costs but also allow teams to concentrate on product
innovation rather than specialized capital market
activities."
Shane Molidor is a 10-year
cryptocurrency veteran who formerly operated as CEO of AscendEX,
Head of Trading at FBG Capital, and Business Development Associate
at Gemini. Forgd recently enhanced its capabilities by acquiring
Tokenomics DAO, a research institution focused on tokenomics and
novel protocol design.
For blockchain projects that haven’t
yet launched their token, Forgd helps them design tokenomics,
conduct cash flow analysis & prepare for fundraising, secure
partnerships with market makers & exchanges, and navigate
administrative tasks such as offshore company formation. For
projects with a live token, Forgd provides tools for monitoring
market maker performance & token unlocks, automated token
streaming, and even non-custodial liquidity provision.
In a strategic move, Forgd has aligned
with the Solana Foundation to provide select tools exclusively for
projects built on the Solana blockchain. This collaboration
underscores the Forgd commitment to supporting scalable blockchain
ecosystems and fostering project growth.
"We are thrilled to collaborate with the Solana
Foundation to offer our tools to Solana's vibrant developer
ecosystem," said Florian Strauf, CTO of Forgd and Founder of
Tokenomics DAO. "This strategic alignment highlights our dedication
to creating public goods to support blockchain entrepreneurs, and
we look forward to partnering with other blockchain base layers to
create comprehensive cross-chain support."
Forgd reports that over 250 projects
have already benefited from using its pioneering tools, such as “AMM²”, a non-custodial
market making protocol that empowers projects to act as their
liquidity provider across all major exchanges with automated
rebalancing.
“The positive response since our private beta launch in
Q1’24 has been overwhelming,” commented Shane Molidor. “Our team is
motivated to continue innovating and developing new tools to
empower Web3 entrepreneurs aiming to launch and scale projects of
their own.”
For more information about Forgd and
its services, users can visit Forgd.com.
About Forgd:
Forgd is a token advisory
and optimization platform with free software tools for blockchain
founders to launch and scale their projects.
Operating as a public good, Forgd is reinventing Web3 advisory
by providing blockchain projects free access to specialized capital markets tools such as tokenomics
modeling, liquidity monitoring, cap table management, exchange
listing, and financial planning. In addition to its self-service
software tools, Forgd offers tailored consulting services for teams
seeking extra guidance. This approach allows Forgd to service a
broad spectrum of blockchain projects ranging from DIY enthusiasts
to those who prefer white-glove support, ensuring accessibility and
expert assistance are readily available.
www.x.com/forgd_
Contact
Marketing
Dan
Mulligan
Forgd
dan@forgd.com