What is the problem / opportunity? New users are often confused about the utility of the IDIA token because its full token name is long and difficult to remember long, and may not obviously relate to the Impossible Finance Launchpad.
What is the proposed solution? In order to further solidify the Impossible Finance brand, changing the name from “Impossible Decentralized Incubator Access” to “Impossible Finance Launchpad” will help the users of Impossible Finance to easily associate the brand, platform and the token.
Key milestones / timeline Initial validation: Impossible Finance Launchpad is used as the term to describe the launchpad activities in Impossible Finance’s Medium articles and previous announcements. To align with the branding and easier recognition, the renaming could strengthen the brand identity of Impossible Finance. This amendment will not affect the token ticker name; the token ticker will remain “IDIA” for Impossible Finance Launchpad.
Next actions: If the change is approved, exchanges and other platforms, including Coingecko, Dexguru, and CoinMarketCap, where IDIA is listed, referenced and/or recognized will be notified of the change. Similarly, the name change will be adopted in future listings, references, and recognitions.
Benefits to token holders and community members This change will also show users that Impossible Finance strives to simplify complexities in the crypto space and it starts with our own token.