VENT Research

Johnnie_Jacks

7 min readSep 3, 2021

The market has been hotting up again lately, which is great!

If you’re reading this, you’re probably the answer to the question:

who do I know that I can ask about *insert crypto related thing here*?

for your friends and family

I know I am!

I love my friends and family every bit as much I love crypto

I get asked a lot of questions and I want to answer them the best I can

I’m also very busy as a trader and investor, so time is literally money for me

There have been great strides made in the past year or so to provide simple to use and easy to understand solutions for the “ordinary person”

It’s pretty easy for me now to give relatively simple advice on how to buy CEX listed coins, or even NFTs

Investing in new DeFi projects?

Yeah, not so much

Introducing VENT

VENT is a CeDeFi full stack ecosystem for Cardano and Polygon projects comprised of 3 parts — VentUp, VentSwap DEX and VentCommerce Marketplace

VentUp Launchpad

VentUp is an all-in-one community launchpad

Projects are selected by the community and vetted by the Vent Team

If the community likes the project they will come together to fund it

If you’re familiar with launchpads (who isn’t at this point?) there’s nothing particularly unique in this

This element is very similar to the setup that BSCLauncher followed back in May

But where the VentUp Launchpad stands out is in the details

Not all are unique but in aggregate it adds up to an interesting value proposition:

Customer support (the same team that supports Mastercard) 24/7 to walk users through every part of the process
One time platform wide KYC (similar to the Bluezilla ecosystem)
Flexible Fundraising Mechanisms (IDO, Private Rounds, ISPO)
Innovative P.A.S. (Point Allocation System) mechanism. This rewards long term and highly engaged users while making sure newer users can participate meaningfully in raises
A single, easy to use and secure environment for users and projects to interact
Insurance from hacks and rug pulls provided by Bridge Mutual
Simple wallet integration and an optional mobile app

The first version of the Launchpad is already live at https://www.vent.finance/

So feel free to play around with it yourself!

It’s already clear that clean and intuitive design has been a focus for the team in building their MVP

The team already has active communities across different regions (UK, India, Turkey, USA, South Korea, Russia, France, Spain, Japan, Italy, Germany and more)

It’s worth noting that they will have a big head start because of their access to 120,000 KYCed users as well as 400,000 registered users on DAO Maker through their partnership with them (the same setup as Infinity Pad)

VentSwap DEX

If you’re going to make your ecosystem truly “one stop” then you need to allow your users to trade their tokens without leaving the platform

This is exactly what the VentSwap DEX will allow

Not only will users be able to trade tokens on the DEX but projects can lock liquidity on the platform

This should really help to build confidence in launches and stop the persistent “When liquidity lock?” questions that occur on pretty much every DeFi launch

A project that’s been vetted and approved by the team and the community, that has locked liquidity on the platform and can be traded simply is a setup that should remove a lot of FUD and create a community that’s invested in its success in many different ways

VentCommerce Marketplace

There’s a Catch 22 in the market for a lot of projects

They might have a great idea, a solid team and the financial backing they need to move forwards

But what about partners?

For elements like audits, programmers and marketing there are a LOT of offers in the market

But we all know very well that what these services promise and what they deliver are often worlds apart

A project might have all the funds they need to get the work done but they’re (rightly) concerned of paying up front when there’s no guarantee of the service being delivered

At the same time, the service company (rightly) wants to make sure they’ve secured their payment before beginning work when working with relatively unknown projects

So someone has to take the risk — and in a trustless, decentralized world — this very often doesn’t work out

VentCommerce aims to build a marketplace that puts together vetted suppliers and projects

The use of on-chain reputation and smart contracts means that a lot of the elements of doubt can be removed, making the whole process more efficient for all parties

The Vent Team

The team behind this project is diverse with backgrounds from different fields including Strategy, Finance, Consulting and of course Crypto

Alongside the team itself, they have brought on a team of Advisors who have some solid credentials

Even their Cap Table features some heavyweights in the industry

More on the $VENT Token

The team has built their offering in partnership with constant feedback from their community

This is a good sign, as an ecosystem is so dependent on its community

The features of the $VENT token reflects this ethos from the team

One of the very interesting mechanisms they have come up with is the P.A.S. (Point Allocation System)

This gives rewards to stakers in the form of points

Those points can then be used only when you’re interested in an IDO and want to invest

Users can also earn point for various other things — such as being particularly active in the community

This helps to restore some balance between engaged, active and long term holders in the ecosystem and “whales” who historically can just come in with larger funds and take the biggest piece of the pie

$VENT will also be used for

Platform Governance
Reduced fees for using the DEX
Project selection
Reduced fees for VentCommerce
Reduced fees for using the various bridges

The $VENT token itself will be received as a Polygon token

Users will have the option to bridge the Polygon-native token to ETH or BSC themselves through bridges provided by the platform

The initial marketcap as well as the individual allocation being relatively small should give some space for the token price to do well at launch and potentially continue growing

Recent DAO Maker launches have shown that a well thought out project with an engaged community doesn’t have to just “pump and dump” at launch but can go on to continue making highs in the days and weeks after

The token release schedule has varying lock up periods for different categories of investors

As a rule of thumb, it’s always a good idea to take note of this especially if you are looking to add to your holdings over time

Thoughts on the future of VENT

Despite being the whipping boy of the crypto market since 2017, Cardano has continued to disappoint the people calling for its destruction

As I have shared publicly, $ADA is, and will likely continue to be, one of my biggest spot alt holdings

My personal thoughts on the project are really irrelevant here

Success does its own talking and in a free market, the market is always right

The same can really be said for Polygon which has gone from a little known L2 project to one that everyone interested in DeFi is familiar with in a relatively short time

Is it likely that we have a rush of projects looking to launch on both of these chains?

I think our past experience in DeFi certainly points towards it

Projects have some choice of launchpads but none that offer quite as much in a single place as VENT

Their attention to detail in UI/UX, community engagement and offering world class support (this is a huge differentiator for me) gives them a good shot at being one of the premier destinations for both projects and users

Their roadmap is packed with some serious milestones

I’m sure we will all be looking forward to that Decentralized Polygon-Cardano Bridge and project migration to Cardano