Welcome to our Impossible Finance (IF) Review. IF has risen to be one of the best launchpads in the world, providing high-quality research papers for every project they list.
We have several editors on our team who use this platform, so we can give you our hands-on experience staking, swapping, or investing in Impossible Finance.
Our take is that IF’s highly developed research team, as well as the user-friendly interface, make it a perfect investing tool for newbies and experienced crypto investors alike.
However, before choosing the best IDO launchpads, it’s important to compare their features and limitations to other investment options. Below, you’ll learn all you need to make a well-informed choice about cryptocurrency launchpads.
Impossible Finance at a Glance
| Number of Projects | Over 50 |
| Blockchains Available | 14 |
| Headquarters | Mideview City, Singapore |
| CEO | Calvin Chy |
| Total Money Raised | Over $60M |
| All Time Participants | Over 100K |
What is Impossible Finance and How Does it Work?
Impossible Finance is a decentralized finance native ecosystem of multi-chain products designed to accelerate top-tier blockchain projects as a product-first incubator.
For users like us, Impossible Finance aims to help us learn and invest in new crypto projects using its Launchpad product.
The investment platform aims to provide guidance and insights for projects, easing the complex process of starting their crypto project and launching a token or IDO.
IP has built a rigorous research team that studies every project weeks ahead of the IDO. This way, simple users can participate in fair and accessible crypto opportunities.
Impossible Finance Benefits
Here are the three best benefits of Impossible Finance:
- Accurate Research: Before listing a project on its platform, IF conducts thorough research on every aspect of the said project AND the industry it works in. They publish a small summary of that research, which helps investors make informed decisions every time.
- Rich History: IF was launched more than five years ago. During this time, the platform has already hosted more than 50 successful IDOs, including massive projects like Humanode, Starbots, and Popcorn.
- Great Reputation: Unlike other launchpads, IF was never caught engaging in illegal or unethical behavior regarding any of its launchpads. At the same time, new platforms like Ape Termianl are scamming their users, IF keeps launching the good stuff only.
Best Impossible Finance Features
Here are the best features that make Impossible Finance one of the best Launchpad platforms in the world.
BuyBack Protection Program
The BuyBack Protection Program is a security feature users can utilize to mitigate risks associated with investing in new projects.
In short, with this program, users can sell back their tokens at a previously agreed price. For example, when I participated in the IDO of OpenSwap, I wasn’t happy with the work the project put in after the IDO, and I sold my tokens.
I bought them for $0.04 per token and sold them for the same price, not losing money in any way. This is how the win-win scenario works.
Advisory
Focused more on project teams, this service helps build the core of Web3 by connecting new products to an established network of partners.
This way, IF not only helps sell the tokens through an IDO but also gives access to an immense social reach, forges new partnerships with established protocols, and facilitates the multi-chain expansion of an idea.
Impossible Finance Launchpad
Of course, the core feature of IF is its Launchpad Programs. But many other projects offer this opportunity, so how is Impossible Finance different?
The company only accepts high-quality projects on board. If you look at the data, more than 80% of the projects launched on Impossible Finance are in the green for its investors.
Also, by leveraging the power of $IDIA, their native token, and the Launchpad Contract V4, IF creates better allocation mechanisms with no minimum investment or randomized winners. This way, everybody gets a fair share of the pie.
Ronin Launchpad
In a massive partnership with the Ronin blockchain, Impossible Finance will be deploying launchpad infrastructure to support the launches of games.
This joint effort will facilitate the exploration of new opportunities and cutting-edge innovations within the gaming and NFT industry.
I’m personally participating in their Apeiron IDO, putting my money where my mouth is.
Swap Crypto
This is a feature you’ll probably use a lot if you plan on investing with IF. With this, you can seamlessly buy IDIA tokens for staking purposes, without going on Pancake or other decentralized exchanges.
This feature simplifies the process of making an investment without taking any additional fees for that.
You can also swap any other token available there just for the sake of adding a new cryptocurrency to your portfolio.
How to Get Started On Impossible Finance
More details
Impossible Finance is a decentralized finance native ecosystem of multi-chain products designed to accelerate top-tier blockchain projects as a product-first incubator. The platform also aims to help users like us to learn and invest in new crypto projects using its Launchpad product.
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Accurate research
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Rich history
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Great reputation
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ATH ROIs of 43.76x
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12+ Available Blockchains
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34+ Successful IDOs
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No customer support
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Big competition for allocation
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Prices can get volatile
To start investing money, swapping crypto, or providing liquidity on Impossible Finance, simply follow our step-by-step guide below.
Start with launching the IF app from the main page of the website.
Find the “Connect Wallet” button to continue. Choose the wallet you want to connect to and scan the QR code.
For example, I chose Trust Wallet as my main wallet for Impossible Finance. To connect a Trust Wallet to Impossible Finance, find the QR Code reader and scan it.
You’ll have to wait up to a minute.
After you connect the wallet, you now have access to all the features provided by the protocol.
Invest Crypto on Impossible Finance
To start investing with IF, go to the main page of their app and choose “Invest.” There, start by exploring for new projects you might be interested in. Let’s use Apeiron as an example.
If you choose a project, you’ll have some basic info about it and two types of investing opportunities: Standard and Unlimited Sales. If you’re new to this process, we recommend you choose the Standard one, as there’s a staking limit and everyone gets a fair share of the pie.
Before staking some $IDIA, you should pass the KYC for your wallet. To pass it, you must hold 15 $IDIA in your wallet and be from an unrestricted country. Users from the US, China, and sanctioned countries cannot pass the KYC.
After you pass the KYC, it’s simple. You stake your IDIA token, purchase the tokens, and then claim them.
Swap and Stake on Impossible Finance
To start trading on Impossible Finance, go to the main page of their app and choose “Trade.” There, choose “Swap” to trade your cryptocurrency for other cryptocurrencies available on IF.
To provide liquidity, you need to choose the “Liquidity” tab and create a pair. Withdrawals feature a 0.49% exit fee to prevent liquidity manipulation and ensure a high-quality trading experience for users.
If you provide liquidity on the platform, you earn money from the fees that other people pay to use your pair and by receiving LP tokens.
The “Rewards” section is only available to those who are providing liquidity on Impossible Finance. The LP tokens you receive can be staked in a contract. You will receive rewards for staking the LP tokens.
Our Experience with Impossible Finance: Great Investment Platform
Starting with 2020, I participated in several IDOs hosted by Impossible Finance and since then, I couldn’t find a better alternative. It’s not even the ROIs I get every time I invest in a project listed on the Impossible Finance Launchpad, it’s about the simplicity of the platform.
Every time we talk about decentralization, we think of platforms with horrible designs and high chances of failure. When I say failure, I am referring to the probability of losing funds due to a misclick or the “fat fingers syndrome” as we call it in crypto.
Back in 2020, the majority of the decentralized platforms were like that, especially when we talked about initial DEX offerings. Then, Impossible Finance came and changed everything. I remember how my world collapsed when I first participated in a token launch on IF.
It was the launch of Highstreet, an interesting project that never received the praise it should’ve. The team behind Impossible Finance gave me a research report that described the value behind Highstreet and what the token should do in the next two years on the market.
They analyzed the P2E market to determine the competitiveness of the environment and used that information to give me a conclusion about the performance of Highstreet. After I read that report, I was speechless. I have never been given such a detailed research paper from an IDO Launchpad before.
The most interesting part? Their analysis was right, the token actually performed well in the bull market and I sold it at around 13x, which made me a ton of money for future investments.
Besides that, the user experience was on a whole other level. The only thing I had to do was to connect a crypto wallet, buy some IDIA, and stake it directly on the website. There was no point of failure there, and it felt amazing.
The Verdict: Should You Use Impossible Finance?
Impossible Finance is a great tool for participating in IDOs. Besides the thorough research they hand over, the project has created an easy-to-understand process behind every investment you make.
There’s no more back and forth with blockchain addresses, staking crypto, and so on. This makes the process much smoother and easier to understand.
Impossible Finance Top 3 Alternatives
If you don’t want to use Impossible Finance, here are the best three alternatives you can go for.
BullPerks
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BullPerks, with its tier system, is a fair and community-dedicated platform giving access to early-stage Web3 investments. The launchpad has raised $15 million for over 65+ projects, with an ATH ROI of 37.61x. Additionally, its integration with 23+ blockchains makes it a strong choice for crypto projects and investors.
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65+ successful IDOs.
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37.61x ATH ROI.
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$15 Million raise.
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23+ blockchain integrations.
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Hassle-free token claiming.
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No guaranteed allocation.
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Obligation to maintain public sale price.
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$1M public raise cap for projects.
BullPerks is a community-dedicated platform giving access to early-stage Web3 investments. The launchpad raised $15M for over 65+ projects, with an ATH ROI of 37.61x.
Enjinstarter
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Enjinstarter is a Web3 launchpad that offers investors a cost-effective way to participate in early stage blockchain projects. With a minimum staking requirement of 1,250 wEJS, you can access a multi-chain launchpad with over 80+ successful IDOs. The incubation program for new projects makes it a solid developer pick.
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80+ completed projects.
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Average ROI of 0.45x.
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Frequency of launches.
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Cross-chain support.
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Lowest participation cap.
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EJS token volatility.
Enjinstarter is a Web3 launchpad offering investors a cost-effective way to participate in early-stage blockchain projects.
GenieSwap
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GenieSwap is a beginner-friendly decentralized crypto exchange, supercharged with multiple features like a Launchpad and Liquidity Pools. It offers an anonymous crypto experience, with their FIAT on/off ramp, as the only feature requiring a KYC. Rated 10/10 for smart contract security by Hacken, it is an extremely secure platform.
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Audited by Certik and Hacken
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Easily buy and sell crypto
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6+ blockchains supported
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No KYC required
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Beginner-friendly user interface
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Monthly increase in the price of GENIE token
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0.5% fee on every swap
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Not a registered exchange
GenieSwap is a decentralized exchange that offers multiple features like a Launchpad and Liquidity Pools. The project has always offered top-notch token sales and valuable projects.
FAQs
No, you can’t swap Bitcoin on IF. The project only supports a handful of tokens that can be swapped, and traders mainly use this feature to get their hands on the project’s token, which can then be used for staking or creating new liquidity pairs.
Impossible Finance doesn’t work with only one sector. It focuses on the vision and the long-term success of the project rather than the sector it represents.
Yes, IF is working with all its projects to raise capital, maximize profits, and create the best assets on the market. It gives advice, helps with marketing, and connects with bigger projects they can team up with to maximize utility. Most importantly, IF sells the project tokens through its launchpad, which is the best marketing possible for new exchanges or protocols.
Susan Oh
Susan Oh is a leading figure in the integration of AI and blockchain for social good, serving as the CMO for BeOmni by Beyond Imagination and a civic technologist dedicated to creating scalable solutions. She is a board member of the Blockchain Commission For Sustainable Development supported by the UN GA Office of Partnerships, and a member of the Global Sustainability Network, a joint initiative by the Vatican and the Church of England to combat human trafficking. Recognized with the...
