Celo Foundation, a platform based on blockchain technology that deals with smart contracts and mobile-first dApps, has made a significant announcement regarding its latest project. The company is set to introduce “Bloom,” a resource and guidance platform specifically designed to assist exclusive projects in navigating token generation events (TGEs) with numerous benefits. This announcement was made in a recent blog post on the official web portal of Celo Foundation.
Rene Reinsberg, President of Celo Foundation, expressed admiration for the release of Bloom as a TGE advisory. He emphasized that Bloom’s main focus 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 introduction of the local token.
The key features of Bloom include access to launchpools and launchpads, navigation of accelerator projects, and exchange support. The project will also enable media publication releases and marketing agencies. Users will have access to investor networks and funding opportunities as well.
Celo Foundation stated that Bloom will offer advisory services related to vesting, distribution, listing, and structure. It also highlighted that users will have access to audit services and Key Opinion Leaders. The project was initiated in 2020 and currently encompasses over 1,000 projects operating in more than 150 jurisdictions.
The team at Celo Foundation is dedicated to supporting innovative on-chain projects and fostering community growth. Isha Varshney, Head of Ecosystem at Celo Foundation, stated that the platform is committed to supporting projects for both communities and individuals. Varshney emphasized that the token generation process can be complex, and Bloom aims to simplify it by providing guidance on various aspects such as collaborators, execution strategy, and service providers.
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.