Celo Foundation, a platform based on blockchain technology that focuses on smart contracts and mobile-first dApps, has unveiled its latest initiative. The company is set to introduce “Bloom,” a resource and guidance platform that aims to assist exclusive projects in navigating token generation events (TGEs) while offering numerous benefits. The announcement was made in a recent blog post on the official Celo Foundation website.
Rene Reinsberg, President of the Celo Foundation, expressed his admiration for the release of the Bloom TGE advisory. He emphasized that the project’s main goal is to guide projects through TGE preparation and the subsequent product roadmap. Reinsberg added that Bloom will provide comprehensive support in terms of operational and strategic elements to facilitate the creation of local tokens.
The key features of Bloom include providing access to launchpools, launchpads, and accelerator projects. It will also offer exchange support and enable media publication releases and marketing agencies. Additionally, users will have access to investor networks and funding opportunities.
The Celo Foundation stated that Bloom will deliver advisory services related to vesting, distribution, listing, and structure. It also emphasized that the platform will provide audit services and access to Key Opinion Leaders. The project was established in 2020 and currently consists of over 1,000 programs operating in more than 150 jurisdictions.
The Celo Foundation’s team focuses on supporting innovative on-chain projects and fostering community growth. Isha Varshney, Head of Ecosystem at the Celo Foundation, stated that the platform supports projects for both communities and individuals. Varshney emphasized that token generation is a complex process, and Bloom aims to simplify it by providing guidance on various aspects such as collaborators, execution strategy, and service providers.
The Celo Foundation also encouraged web3 projects seeking support to participate in the program if they plan to bring their coins to the market within the next six months. This new endeavor aims to guide these projects through the complexities of TGEs and provide them with the necessary details for success.
