The Celo Foundation, a platform based on blockchain technology focusing on smart contracts and mobile-first dApps, has recently announced its latest initiative. The company is set to launch “Bloom,” a project designed to provide resources and guidance to exclusive projects navigating token generation events (TGEs) with various benefits. This announcement was made through a recent blog post on the official website of the Celo Foundation.
Rene Reinsberg, the President of the Celo Foundation, expressed his support for the Bloom TGE advisory project. He highlighted that Bloom will assist projects in preparing for TGEs and developing their product roadmap. The project aims to provide comprehensive support in operational and strategic aspects to facilitate the creation of local tokens.
Bloom will offer access to launchpools and launchpads, as well as guidance on accelerator projects and exchange support. The project will also assist in media publications and marketing agencies, and provide access to investor networks and funding opportunities. Celo Foundation emphasized that Bloom will provide guidance on vesting, distribution, listing, and structure, along with access to audit services and Key Opinion Leaders.
The project, which was established in 2020 and now includes over 1,000 projects operating in more than 150 jurisdictions, is focused on supporting innovative projects within the ecosystem and promoting community growth. According to ‘Isha Varshney,’ the Head of Ecosystem at Celo Foundation, the platform is dedicated to supporting projects and individuals in the complex process of token generation.
Bloom aims to guide Web3 projects through the intricacies of token generation, offering insights into collaborators, execution strategies, and service providers. The Celo Foundation is encouraging Web3 projects planning to bring their coins to the market within the next six months to participate in the Bloom program.