BSCDaily.com hosts Impossible Finance: a decentralized incubator, launchpad, and swap.
BSCdaily – Admin: Hello and welcome, @calchulus How are you today?
Calvin: Doing great!
excited to share more with everyone
BSCdaily – Admin: great
Happy to hear! Ready to start our AMA?
Q1: Can you please introduce yourself and the project?
Calvin: Yes absolutely!
Hey everyone, I’m Calvin, a core builder at Impossible Finance, a multichain decentralized incubator, launchpad, and swap. I previously worked on research and diligence for Binance Launchpad and built up the Binance Staking product to support 30 different blockchains.
Impossible is a decentralized incubator, launchpad, and swap.
The incubator is there to help early-stage projects get ready to create a community around their projects
The launchpad democratizes investment opportunities to the community.
And the swap allows for assets to feely circulate post-launch on our platform so users and project teams can treat Impossible as a one-stop-shop.
BSCdaily – Admin: great
Q2: Why did you start this project, why is it called Impossible Finance? And what is your mission statement?
Calvin: Great great question!
Impossible was created to build the next generation of what launchpads should be for both project teams and users. It solves pain-points of users hoping to win meaningful allocations into projects they like, and project teams looking to launch tokens to engaged user audiences.
As for why it’s called Impossible, even just last year, fair & open public launches seemed impossible. Open access for fully decentralized financial opportunities seemed impossible. Fundraising from the crowd seemed impossible. We want to tackle some of the hardest challenges within fundraising and investment and provide it all in one product.
Q3: So who are your partners and investors?
Calvin: Great question as well!
We just closed our fundraise for $7M and are getting ready to launch our swap and launchpad in the coming months. We’re aiming to incubate and launch over 15 projects in the next year.
The round was co-led by True Ventures, CMS Holdings, Alameda Research, and Hashed.
Our amazing community of investors and supporters include Sino Global Capital, IOSG, Divergence, GBV, mgnr.io, Lemniscap, Primitive, Incuba Alpha, BR Capital, Coin98, Ternary Capital, The LAO, Maple Leaf Capital, Longhash, Bitscale, and others.
A number of individual angel investors also participated, including Sandeep Naiwal (Matic), Kain Warwick & Jordan Momtazi (Synthetix), Bette Chen & Ruitao Su (Acala), Bobby Ong & TM Lee (Coingecko), Larry Cermak (The Block), Calvin Liu (Compound), Leo Cheng (C.R.E.A.M.), Suji Yan (Mask), and others.
For more details on our fundraise and our supporters, please check out
We’re very lucky to have a very diverse audience of users and supporters!
Q4: Many people will want to know what are the strengths of your project, but I want to know the weaknesses and problems that your project faces? How do you plan to solve it?
Calvin: Ah yes, not an easy question.
Our biggest obstacle is that people associate launchpads as “bull-market” products, not long-term platforms. We’re confident that by focusing on builders and supporting them every step of the way, we will be able to consistently support the best projects with their launches in the long run, regardless of market conditions.
Steady build is not always the most fun, but we’re confident we can execute this plan to bring the best quality project to the most fair launchpad in crypto
Q5: Can you explain the main utilities and use-cases of your token?
We have two core tokens, the IF token and the IDIA (impossible decentralized incubator access token)
The IDIA token is the core governance and access token for allocation into our launchpad sales.
The IF token is the core governance and fee accrual for the swap and other non-launchpad products within the Impossible family.
Q6: Where would the token be available first?
Calvin: Right on our homepage! https://swap.impossible.finance/
Q7: What can we expect in the next 3 months and in 2021 as a whole?
Calvin: Ah yes, our roadmap is quite stacked for the rest of the year, We plan to relaunch our swap and launch our IDO platform within the next quarter, and then continue to build further features to become a one-stop DeFi destination for all users https://medium.com/impossiblefinance/the-impossible-launch-e3190c7a4e08
Q8: Where can we find out more about Impossible Finance on social media?
Calvin: Oh yes, let me get the social media links
IF Contract Address:
STAX Contract Address:
Get your IF:
BSCdaily – Admin: With this we are now at the end of our AMA session with Impossible Finance
Time for wrapping up, any last words you would like to say to our community? @calchulus
Calvin: really excited to continue building alongside some great people like the community of BSCDaily, and hope to provide the best launchpad experience for everyone
BSCdaily – Admin: It was a pleasure having you guys @calchulus 🙂
BSCdaily – Admin: Thank you so much for spending time with our community & all the very best for Impossible Finance