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Token sales can be attractive. Pick the right one and they’re highly lucrative, after all, giving you early exposure to the hottest new projects and capturing all the upside as they grow. It’s no wonder that competition to secure an allocation for the top token sales is so intense.
But for all their upside, token sales are also a headache. They’re a complex, multi-stage process with no guaranteed positive outcome. Whether you secure entry or get refused because the sale’s oversubscribed, you’ll still have to go through the usual steps: swapping tokens, bridging tokens, and juggling multiple wallets, with the potential of making a costly misclick amplified when interacting with unfamiliar networks.
It’s a lot of work and a lot of risk to take on given the low prospect of making the whitelist and hitting the jackpot should the token fly rather than flop. There has to be a better way. Of course there’s a better way: this is web3, after all, where if you don’t like the current framework, you just have to go away and design your own – then convince the market to adopt it.
When it comes to token sales, that “better way” may finally be here. It’s still early, but there are signs that momentum is shifting away from the current multi-hop model to intent-based launchpads that reduce token sale participation to a single click. It’s an idea, surely, whose time has come. But will it catch on?
In navigating the multichain landscape, you may have encountered the term “intent.” Often accompanied by the suffix “-based,” it describes a type of architecture designed to streamline complex processes – particularly those that require interacting with smart contracts on different chains.
NEAR, for example, has developed Intents, a framework for seamless, multichain execution. It utilizes solvers and chain signatures, resulting in a process that, from a user perspective, feels as simple as making a token swap. Intents don’t just make life easier for users: they also do the same for developers, who can create dapps that can interact with multiple chains without needing to get bogged down in coding and meticulous auditing to eliminate bugs. Instead they can tap into the tooling and libraries that come bundled with Intents.
But what’s all this got to do with token sales? Well, as noted above, in their current form they’re highly complicated, particularly when obliged to purchase tokens on an existing network and claim the new token on a new network. From bridges to token conversions, there’s a lot of steps that must be navigated, all of which cost fees, take time, and heighten the chance of user error.
But when intent-based architecture is judiciously applied here, this problem is effectively solved. The technology allows users on any network to participate in a token sale by pledging funds they already hold – USDC on Solana, say, or ETH on Ethereum. If they’re successful in securing an allocation, the funds they lock into the smart contract will be retained and the new token will be made claimable on the new network. If they’re not, the funds are returned.
Whatever the outcome, it’s all done in a couple of clicks. That’s intent-based architecture in action – and it’s already seeing action by streamlining access to the latest token sales such as Intellex.
Intellex is building a framework for cross-chain agent collaboration. It aims to develop a “collective memory” for enterprises and individuals that allows this knowledge to be fed into agents that can leverage it to make smarter decisions. Its interoperable layer, built using NEAR, allows agents to operate anywhere, effortlessly – with enterprises reaping the rewards from all this onchain activity, while keeping possession of their precious IP.
Speaking of NEAR, the blockchain’s Intents framework described earlier is playing a part in making the Intellex token sale operate as flawlessly as its interoperable agents. That’s because it’s been hosted on Calyx, the omnichain token launchpad that enables projects to reach users across 20-odd blockchains simultaneously – without bridges or coding complex smart contracts from scratch. That’s because Calyx takes advantage of NEAR Intents to simplify cross-chain interactions, giving users equal and instant access, regardless of which network they’re on.
Having launched the $ITLX token on Calyx, Intellex isn’t done with NEAR Intents – in fact it’s just getting started with them. That’s because the Intellex protocol, which operates as a Layer 2, uses the same chain abstraction technology to let agents own, share, and use collective memory across multiple networks. This is great for token sales, great for agentic frameworks, and great for anything else that needs to connect to numerous chains.
As blockchain projects are starting to discover, Intents are a shortcut to achieving interoperability. If interoperability is the endgame – the point at which blockchain fragmentation has been entirely eliminated – Intents are the fast-track to achieving it. Easier to say than “interoperability” and easy to implement, Intents make all blockchains work as one.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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