New York, NY, September 3, 2024, Chainwire
Forgd, a token advisory and optimization platform, announced the launch of its free-to-use web-based platform, providing blockchain projects with unrestricted access to tools for tokenomics design, liquidity monitoring, cap table management, and financial planning. Forgd removes the financial barriers associated with traditional Web3 advice and consolidates an otherwise fragmented service industry designed to support blockchain projects as they issue a token.
Launching a token involves complex challenges, leading many blockchain projects to hire multiple external advisors for tasks such as tokenomics modeling, market maker engagement, and exchange listing. These hires 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 to execute all vital go-to-market activities and optimize 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 launching a token are outside the expertise of a typical tech founder, so we built a set of tools to streamline and simplify the process into an end-to-end application,” said Shane Molidor, CEO and Founder of Forgd. “Forgd was built in response to recurring founder needs we’ve seen in Web3. Our DIY software tools not only reduce costs, but also allow teams to focus on product innovation rather than specialized capital markets activities.”
Shane Molidor is a 10-year veteran of the cryptocurrency world who previously served as CEO of AscendEX, COO 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 have not yet launched their token, Forgd helps them design tokenomics, perform cash flow analysis and prepare for fundraising, secure partnerships with market makers and exchanges, and manage administrative tasks such as offshore company formation. For projects with a live token, Forgd provides tools for monitoring market makers’ performance and token unlocks, automatic token broadcasting, and even non-custodial liquidity provision.
In a strategic move, Forgd has partnered with the Foundation to provide curated tools exclusively for projects built on the Solana blockchain. This collaboration underscores Forgd’s commitment to supporting scalable blockchain ecosystems and fostering project growth.
“We are thrilled to collaborate with the Solana Foundation to bring our tools to the vibrant Solana 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 allows projects to act as their liquidity provider across all major exchanges with automatic rebalancing.
“The positive response since our private beta launch in Q1 2024 has been overwhelming,” said Shane Molidor. “Our team is motivated to continue innovating and developing new tools to empower Web3 entrepreneurs looking to launch and scale their own projects.”
For more information about Forgd and its services, users can visit Forgd.com.
About Forgd:
Forgd is a token optimization and advisory platform with free software tools for blockchain founders to launch and scale their projects.
Operating as a public good, Forgd is reinventing Web3 advice by providing blockchain projects with free access to specialized capital markets tools such as tokenomics modeling, liquidity monitoring, cap table management, stock listing, and financial planning. In addition to its self-service software tools, Forgd offers tailored consulting services for teams seeking additional guidance. This approach allows Forgd to serve a broad spectrum of blockchain projects, from DIY enthusiasts to those who prefer white-glove support, ensuring that accessibility and expert assistance are readily available.
www.x.com/forgd_
ContactMarketingDan MulliganLost[email protected]
This article was originally published on Chainwire
