Promodex IDO (🛡TOR) Details & Research Report

TrustFi
4 min readJun 26, 2024

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💫 Dear community, Promodex TOR-Protected IDO will be held on TrustFi Launchpad on 27th June!

In this article, we will introduce you to our partner & upcoming project Promodex, the details of the IDO that will be held on TrustFi Launchpad.

👉 Make sure to read our Tier System Article to learn about Eligibility rules, Tier levels, Allocations and more!

👉 Make sure to read more on TrustFi Optional Refund Protocol!

👉Buy and Stake at least 10,000 $TFI in one of the Tier System Pools at TrustFi Farmer to obtain Tier Level access.
🔥Buy our NFT (The Chosen One) to Join IDOs, selected Private/Seed round Presales, and gain access to other privileges such as revenue sharing with TrustFi Network: https://launchpad.trustfi.org/#/v2/nftround1

IDO Details:
Ticker:
$PROMO
Protection: TOR
Network:
BSC
IDO Date:
June 27th 11 AM UTC
IDO Price:
$0.025 (listing 0.03)
Initial Market Cap:
$324,000
TGE/Listing Date & Time:
TBA
IDO Round Vesting: 10% TGE + 10% Monthly

Promodex Research Page

Overview

PROMODEX is a blockchain-based, the first “Programmatic Promotion Marketplace’’ aiming to programmatize the social media campaign with influencers. Any brand, project, or company can launch a campaign on the Promodex platform by locking PROMO token or any other token on their wallet. Tokens are distributed among participants algorithmically according to their Influencer Quality Score (IQS) which is calculated by the number of followers and engagement level.

Campaigners simply filter the language, social media platform, influencer’s category, and Influencer Quality Score. Campaign appears only on the matching influencers. Then the matching influencers will participate. Rewards are distributed by the smart contract into the wallets of each influencer by the end of the campaign.

What Problem Does Promodex Solve?

According to statistics, as the number of followers increases, the interaction rate decreases. The interaction of 10 medium influencers with a total of 1 million followers is both higher and more economical than a single mega influencer with 1 million followers.

So why do companies prefer to work with mega influencers instead of medium-small scale influencers, which are more effective and economical?

Of course, because the whole process is manual.

Promodex is programming this process. You can campaign programmatically in any language, location, and social media with one click.

How Does Promodex Work?

Campaign owners can use the Promodex platform to promote their projects or products. Not only companies but also individuals can promote any product or service with influencers at any level.

Campaigns can be created in different languages, geographical locations, on different social media platforms, and with different needs. Campaign owners can filter influencers based on their Impact Power Grade (IPG), algorithmically scored according to followers, profile, and interaction level.

Whether token-based or not, a new or existing crypto project can launch a campaign on Promodex. Campaign owners must lock the campaign budget in tokens in a smart contract. This ensures rewards are guaranteed for participants due to the decentralized nature of the blockchain. The locked tokens can be either Promodex’s PROMO token or the project’s own token.

Crypto ventures can also organize special sales for influencers using Promodex’s PROMO token, gaining additional advantages from using the token in the campaign.

Campaigns that can be done with Promodex

  • Conducting targeted social media campaigns with Promodex (watch now).
  • Conducting targeted airdrops with Promodex (watch now).
  • Conducting targeted token sale campaigns with Promodex (watch now).

Roadmap

Promodex Partners

About TrustFi

TrustFi disrupts the DeFi market by providing a multi-chain decentralized BaaS solution. Our ecosystem features three main products which include TrustFi Booster, a Decentralized Community Driven Incubator; TrustFi LaunchPad, an IDO General Protocol with an insured mechanism; and TrustFi Farmer, an Automated Farm Pools (AFP) Contract, which is an important addition to the DeFi infrastructure built on Web 3.0. Our main focus is early crypto-asset issuance, with an emphasis on liquidity management, community growth, and DAO governance. We are certain that these three factors will allow us to successfully unlock the unlimited potential DeFi has.

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TrustFi
TrustFi

Written by TrustFi

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