Fractal ID x Beamswap For Frictionless Launches on Moonbeam

Fractal ID and Beamswap are joining forces to enable trusted, secure, and compliant project launches on Moonbeam network.

Fractal ID is happy to announce our partnership with Beamswap, a decentralized exchange (DEX) on Moonbeam with an automated market maker (AMM), providing liquidity and peer-to-peer transactions.

Fractal ID is supporting Beamswap by implementing Fractal ID to add an identity layer that brings trust, security & compliance to Beamswap’s community, and reduces the regulatory hassle for projects to launch new web3 solutions from scratch.

The current state of launchpads

Traditional venture capital is still slow to fund open-source and web3 projects. Hence, the community is stepping in to enable a more versatile and inclusive ecosystem where new projects can flourish. However, due to the anonymous nature of users on DeFi platform and the consequent illicit activities, authorities in the US and Europe are worried and are pushing regulatory standards that compromise the privacy-preserving nature of the ecosystem.

Here’s where Fractal ID x Beamswap partnership comes into play!

Fractal ID x Beamswap partnership

Beamswap and Fractal ID are joining forces to help new projects that want to contribute to a multi-chain future and conduct their token launches in a frictionless and compliant way on the Beamswap Docks IDO Launchpad.

As Beamswap is providing a leading DEX/DeFi hub on Moonbeam, Fractal ID is providing crypto-native KYC that bridges compliance and data gaps through its Fractal ID product and its self-sovereign identity solution deployed in the Polkadot/Kusama ecosystem.

This partnership will bring significant benefits to Beamswap users and future IDO projects, including:

  • Enabling new projects to seamlessly tap one of the broadest communities of DeFi-ers for decentralized crowdfunding with access to 900k+ pre-verified Fractal ID users who can be seamlessly onboarded with a click of a button.
  • Reducing the regulatory hassle for projects to launch new web3 solutions from scratch while ensuring data privacy and integrity.
  • Streamlining the process for future Beamswap Dock events by leveraging the reusability features of Fractal ID credentials.

Thus, Beamswap’s users will be able to gain back data ownership of their credentials on their wallet using Fractal’s “trustless” technology and will enjoy a permissionless way of sharing their data and disclosing chosen credentials.

“Our partnership with Fractal ID will streamline the KYC process for Beamswap’s users for all our IDO events, easily verify their KYC status with a number of platforms utilizing Fractal’s network, and allows users to securely maintain ownership of their credentials with the trustless system Fractal ID provides”

Tim | CEO of Beamswap

Related blogs

September 5, 2023
September 5, 2023
September 5, 2023
September 5, 2023
August 21, 2023
August 14, 2023
August 2, 2023
July 18, 2023
July 10, 2023
June 20, 2023
June 7, 2023
May 24, 2023
May 16, 2023
May 8, 2023
April 25, 2023
April 6, 2023
March 28, 2023
March 21, 2023
March 14, 2023
March 6, 2023
January 19, 2023
December 28, 2022
December 2, 2022
November 30, 2022
November 9, 2022
October 18, 2022
October 11, 2022
October 3, 2022
September 21, 2022
September 15, 2022
September 13, 2022
August 19, 2022
August 10, 2022
August 4, 2022
July 27, 2022
July 6, 2022
June 29, 2022
June 21, 2022
June 14, 2022
June 9, 2022
May 31, 2022
May 25, 2022
May 5, 2022
April 27, 2022
April 20, 2022
April 5, 2022
March 22, 2022
March 7, 2022
February 4, 2022
Scroll to Top