What Is Impossible Decentralized Incubator Access (IDIA)?
According to the gitbook, Impossible Finance is a DeFi ecosystem of multichain products. The mission of Impossible Finance is to support and improve top-tier blockchain projects as an incubator. Crypto incubators are companies that help potential projects in the difficult stages of their development and provide services like marketing, funding, advising, and more.
The platform requires Impossible Launchpad and Impossible Swap to form an essential base for the incubator.
Launchpads are platforms that help blockchain-based projects raise capital and give access to initial-stage token sales. At the same time, Swap lets users exchange cryptocurrencies without leaving their blockchain wallets.
Impossible Launchpad is a platform where IDOs are conducted for Impossible projects. IDOs (initial DEX offering) are tokens that introduce an asset on a decentralized exchange (DEX). The Impossible Launchpad works on allocation staking by calculating the proportion of allocation to stake amount held over time.
As mentioned on the website, Impossible Swap lets users trade between different tokens and offers liquidity to earn rewards. The company has also introduced a concept of "asymmetrical tuning" to the AMM swap space. AMM allows the digital asset to get traded automatically and permissionlessly. Asymmetrical tuning lets the Impossible Swap ecosystem hold up tokens with asymmetrical risks better than other designs.
Furthermore, Impossible Finance aims to offer various features:
The platform does the investigation so that the user can focus on participating in early-stage investments.
The company leverages its networks to provide exclusive deals reserved for funds without any investment.
The platform also offers various allocation mechanisms so that a user can get a good share.
IDIA (Impossible Decentralized Incubator Access) is the governance token of the Impossible Launchpad, which handles the governance of different staking parameters for the launch process. IDIA tokens are liquid instruments and give users access to allocation within a specific sector.