New York, NY, September 3, 2024, Chainwire
Forgd, a token advisory and optimization platform, announced the launch of its free web platform that provides blockchain projects with unlimited access to tools for tokenomics design, liquidity monitoring, cap table management, and financial planning. Forgd eliminates the financial barriers associated with classic Web3 advisory and consolidates an otherwise fragmented services industry that has been built to support blockchain projects during token issuance.
Token launches come with their own set of elaborate challenges, leading many blockchain projects to hire multiple external advisors for tasks like tokenomics modeling, market maker engagement, and exchange listing. These engagements can be costly and often lead to operational inefficiencies, given that few advisors handle the end-to-end process. Forgd solves these challenges by using free software tools to perform all the critical activities related to launch and post-launch token performance optimization. This “self-service” approach to Web3 advisory allows teams to operate at their own pace.
“Many of the tasks involved in launching a token are beyond the scope of a typical tech founder, so we built a set of tools to streamline and simplify the process in an end-to-end application,” said Shane Molidor, CEO and founder of Forgd. “Forgd was created in response to a recurring need we saw from founders at Web3. Our DIY software tools not only reduce costs, but also free up teams to focus on product innovation rather than specialized capital market activities.”
Shane Molidor is a 10-year crypto veteran who previously served as CEO of AscendEX, Head of Trading at FBG Capital, and Business Development Associate at Gemini. Forgd recently expanded its capabilities by acquiring Tokenomics DAO, a research institution focused on tokenomics and up-to-date protocol design.
For blockchain projects that have yet to launch their token, Forgd helps them design tokenomics, conduct cash flow analysis and prepare for fundraising, secure partnerships with market makers and exchanges, and navigate administrative tasks like setting up offshore companies. For projects with an busy token, Forgd provides tools to monitor market maker performance and token unlocking, auto-stream tokens, and even provide liquidity outside of escrow.
In a strategic move, Forgd has joined forces with the Foundation to provide select tools exclusively for projects built on the Solana blockchain. This partnership underscores Forgd’s commitment to supporting scalable blockchain ecosystems and supporting project growth.
“We are excited to partner with the Solana Foundation to offer our tools to the vibrant Solana developer ecosystem,” said Florian Strauf, CTO of Forgd and founder of Tokenomics DAO. “This strategic alignment underscores our commitment to creating public goods to support blockchain entrepreneurs, and we look forward to partnering with other blockchain foundations to create comprehensive cross-chain support.”
Forgd reports that over 250 projects have already benefited from its pioneering tools, such as “AMM²”, a deposit-free market-making protocol that enables projects to act as liquidity providers on all major exchanges through automatic rebalancing.
“The positive response since our private beta in Q1’24 has been overwhelming,” commented Shane Molidor. “Our team is motivated to continue to innovate and develop new tools to enable Web3 entrepreneurs to launch and scale their own projects.”
For more information about Forgd and the services it offers, visit Forgd.com.
About Forgd:
Forgd is a token consulting and optimization platform offering free software tools that blockchain founders can utilize to launch and scale their projects.
Operating as a public good, Forgd reinvents Web3 consulting by providing blockchain projects with free access to specialized capital markets tools such as tokenomic modeling, liquidity monitoring, cap table management, stock listing, and financial planning. In addition to self-service software tools, Forgd offers customized consulting services for teams looking for additional guidance. This approach allows Forgd to serve a wide spectrum of blockchain projects, from DIY enthusiasts to those who prefer white-glove support, ensuring basic accessibility and expert assistance.
www.x.com/forgd_
ContactMarketingDan MulliganForgddan@forgd.com
