Miso's Competitive Advantage (Sushiswap Bounties)

    Q67. Create a visual document outlining the below facts about Miso, the new addition to the Sushi menu: - What is Miso and what problems does it solve? - Why should users use Miso? - What are the alternatives out there for Miso? - How is Miso going to do it differently from its competitors? Note that you can reference articles but the content itself should be in your own words.

    Introduction

    Sushi.com is a decentralized financial platform that allows you to optimize the value of your cryptocurrencies by using decentralized finance techniques including yield farming, token staking, margin trading through Kashi and BentoBox, and now token minting and discovery via MISO. Sushi is a community-driven decentralized exchange platform that lets users like you to vote on ecosystem growth projects like MISO and split transaction fee income equally among ecosystem players. Sushi's DeFi network is responsible for generating safe, passive revenue for billions of dollars in idle assets.

    How does Sushi's MISO work?

    Miso is a unique launchpad since, unlike most of its rivals, it provides a full solution that includes everything from token generation to financing. The "Tokens" option enables you to create an ERC20 token by specifying the maximum supply, circulating supply, and whether or not the token should have a MINT function, among other parameters. Then there's "Markets," a function that lets you choose the sort of fundraising you want to do, such as one-time or multi-stage. To earn the confidence of their token holders, token issuers may choose to set up an automated liquidity POOL on Sushi after the IDO is finished (using part of the funds collected). Instead of making initial dumps, "fermentation" will be utilized as an escrow or vault where tokens may be locked and issued a bit at a time. Finally, there's the "Farm Produce" option, which allows you to utilize the token to instantly construct farming pools! Overall, the project is a fun from the perspective of the FOUNDER, and it will assist you in launching your coin even if you just be a newb coder!

    What problems does it solve?

    There are no worry about anything since the smart contracts employed by MISO by Sushi are simple and have previously been audited. The new coin will function on Ethereum for the time being, but Sushi is trying to make this project multi-chain as soon as feasible.

    • The ability to let only whitelisted addresses to participate in the IDO is a unique feature that makes the fundraiser even more exclusive.
    • In this situation, a countdown may be established for the chosen addresses to purchase their portion of tokens in order to avoid being kicked out of the IDO. Sushi permits forks of the Sushi governance token to be created in addition to Fidex Supply and Mintable tokens!
    • Users must connect an Ethereum wallet and visit the official IDO link provided on MISO in order to participate. The bought tokens will be given to their address at the conclusion of the IDO without them having to do anything more.

    In summary, everything is pretty straightforward and acceptable for non-crypto specialists.

    Why should users use Miso?

    Users can use Miso by this three market types that is accessible on MISO:

    • Crowdsale

    The traditional crowd sale, gives projects direct control over the token price.

    • Dutch Auction

    Dutch Auctions let the market to determine the token price. They are also known as "inverted" auctions since they begin with a high beginning price and then gradually decrease as time passes. This kind of auction allows users to select their own prices for token sales, with the ultimate token price determined only after all tokens have been assigned.

    • Batch

    Batch token sales, on the other hand, distribute tokens according to each user's part of the contribution pool. The token price is set at the conclusion of the auction, based on the amount of money collected.

    Discord: 0xHaM☰d#8391
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    What are the alternatives out there for Miso?

    Crypto launchpads, also known as IDO platforms, are designed to launch new crypto currency and increase liquidity. This is the next big thing in decentralized finance, and it's aimed squarely at the digital world.

    Any project trying to raise money on a decentralized exchange utilizing coins or tokens uses IDOs as a platform. People from many walks of life may contribute to the initiative thanks to blockchain technology. There are several launchpads available today, each with its own set of capabilities. In this section, we've selected a handful of the more popular ones.

    • FireStarter: IDO Metaverse Platform Launchpads

    • BSCPad: Binance Smart Chain's First Decentralized IDO Platform

    • GameFi: a solid IDO Launchpad with a high return on investment

    • Polkastarter: maybe the most well-known launchpad

    How is Miso going to do it differently from its competitors?

    Unlike most of its rivals, Miso provides an all-inclusive solution that covers everything from token generation to final funding. It is possible to create an ERC20 token using the "Tokens" option by choosing the amount of circulating tokens, the maximum supply, if it should have a MINT function, and so on. Then there's "Markets," which lets you choose whether to run a one-time or multi-stage fundraising campaign. To win the confidence of their token holders, token producers may opt to immediately construct a liquidity POOL on Sushi after their IDO has expired. Instead, "fermentation" will serve as a vault or escrow for tokens, enabling tiny quantities to be released without generating a big dump. You may also establish farming pools with a single click using an option named "Farm Produce." From the viewpoint of the FOUNDER, it's a fantastic project that will aid your token launch even if you don't know a single line of code!

    MISO by Sushi's smart contracts are easy and have previously been audited, so you don't have to be concerned. Sushi intends to make this project multi-chain as soon as feasible, but for the time being, the token will only operate on Ethereum. IDO lets you to accept just addresses on whitelists to make the fundraiser even more restrictive. In such circumstances, a timer may be established to alert specified addresses when their transactions must be completed in order to stay in the IDO. In addition to Fixed Supply and Mintable tokens, Sushi permits forks of its governance token!

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    References

    Remark

    • MISO ingredients are based on open-source smart contracts that are certified by several firms. There are only minor differences from industry-wide smart contract standards.

    • At the initial, MISO provides project managers with hassle-free smart contracts, an easy user interface, and a variety of bespoke launch choices.

    • At the Second, MISO's integrated platform will open up a slew of new possibilities for projects that they would not have been able to access otherwise when they design their launch contracts and campaigns.

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