Solv transforms fundraising via innovative Initial Voucher Offering

Solv Protocol has transformed the notion of fundraising by introducing IVO or Initial Voucher Offering, Invezz learned from a press release. Nobody has ever done this before, but it has huge potential for the future according to the platform.

What is the purpose of an IVO?

IVOs involve minting vouchers, financial NFTs containing ecosystem tokens. Early investors receive these vouchers, which comply with the ERC-3525 token standard. The nature of this standard is semi-fungible. It lets users trade, split, manage, or merge locked up tokens.

Solv will issue 1 million $SOLV tokens through the IVO, which takes place today on the Solv marketplace and Binance NFT platform.

Combining the best of token standards

The use of these vouchers combines the best of token standards. It leverages ERC-20 liquidity and the descriptive attributes of the ERC-721 token standard. In addition, it introduces voucher splitting and merging and increases the number of use cases for vouchers, paving the way for a new era of fundraising solutions.

Ryan Chow, Solv’s cofounder, explained the idea behind IVO:

NFTs can enter finance

Solv tokens can be acquired in part or in full on secondary markets. They offer NFTs a new opportunity to enter the financial world. An IVO can generate liquidity for investors and projects while offering access to private sales. Vouchers have tokens locked within them, thereby maintaining an intrinsic value.

This makes them quite different from conventional NFTs, which accommodate speculative video and image file formats.

Tokens unlock six months from sale date  

Solv tokens unlock in linear fashion for six months from the date of the public sale. All team and investor tokens are locked in the initial phase. This kind of model has never been used in a live environment before.