What is a Crypto Launchpad?
What is a Crypto Launchpad?
A cryptocurrency launch pad, a cryptocurrency incubator, introduces and funds new cryptocurrency projects in addition to a decentralized exchange (DEX). Crypto investors can buy tokens in an initial token sale to get in on the ground floor of a project before it goes public.
Many people see this as a fantastic opportunity to capitalize on a future price increase by buying tokens at a discount and then selling them at a higher price. The platform’s low entry barrier draws more ICOs looking for investment. The Crypto launchpad development platform also makes it easy for new companies to introduce themselves to the broader cryptocurrency community, benefiting them.
How does a Crypto Launchpad work?
Cryptocurrency launchpads exist to bring together cryptocurrency projects with eager audiences. Launchpads allow early adopters and investors to raise capital and offer investors the opportunity to earn a high rate of return.
Potential investors find security and openness the most attractive qualities. The service provider typically asks users to go through a Know Your Customer (KYC) process when they sign up for a new service. In addition, it is more difficult for an attacker to manipulate the system by conducting transactions with multiple aliases.
Each cryptocurrency launch pad will have unique curated crypto projects and their current status. Potential sponsors should have easy access to the cost and schedule of these efforts. Investors can purchase specific tokens once the sale begins.
Blockchains provide transparency and make it simple to track the distribution method of each token, similar to how token sales are done on cryptocurrency launchpads. Casual investors can now put money into tokens in their infancy. Additionally, it encourages a more equitable distribution of tokens and deters investors from employing “pump and dump” tactics.
Types of Crypto Launchpads
DEX Initial Offering (IDO) Launch Pads
DEX Initial Offering (IDO) launch pads make crowdfunding possible on the blockchain. Traders trade tokens representing listed assets on a decentralized exchange here. fire starter , BSC Pad, GameFi, Seedify, and Trust Pad are launching pads for IDO.
NFT Initial Offering (INO) Launch Platforms
Investors can fund a project by selling a pool of NFTs using an INO launch pad. INO incubators such as Only1, BSCE station and Seedify exist.
Initial Coin Offering (ICO) Launch Platforms
Startups use ICO launchpads to sell tokens to investors, helping them finance the final stages of development of their blockchain projects. Investors are drawn to potentially lucrative projects in the hope of recouping their investment and more. Some popular ICO markets are Card Starter , Binance Launchpad, and Polka starter.
Initial Game Offering (IGO) Launch Platforms
Game creators and metaverses gather support and funding for their games and worlds on IGO Launchpads. These platforms offer IGOs, play-to-win projects, gaming utilities, and related NFTs for you to find. Some examples of IGO platforms are Game starter, Enjin starter, and Play Pad.
How to use a Crypto Launchpad?
Learn how to use a cryptocurrency launchpad development services using this in-depth guide.
Research Platforms: Start learning about the various crypto launch platforms available and compare their features and services. Among those with a track record of successful token launches, you should find a launch pad that fits your requirements.
Token Creation: The launchpad team will help you develop your native token once your project is greenlit. As part of this process, they will determine tokenomics, including supply, distribution, and other parameters.
Token Sale: Once you have developed your token, the launchpad team will help you launch your token sale. They can use a fixed price or an auction system to set the value of the token. Investors can buy their tokens with cryptocurrencies.
Post-Sale Stage: The launchpad team will help you list your token on cryptocurrency exchanges after the token sale, making sure it is easily accessible to investors. Additionally, they will support the growth of an active user base and assist promote your coin.
Benefits of using a Crypto Launchpad
Access to financing
Cryptocurrency pitch decks make it easy to get funding. They connect a wide range of potential funders with you, speeding up the process of funding and launching a project.
Expertise
Launchpads with token sales experience can help new projects achieve a successful token sale. This can ensure that the token sale adheres to all relevant regulations and draws in investors.
Post-Sale Support
While launch is crucial, the long-term viability of a project depends on its ability to foster a community. Launchpads can provide invaluable resources when promoting and growing the community of a crypto project.
Legitimacy
The pitch pad vets projects and investors before accepting them. Investors need to go through KYC procedures, while projects need to submit proposals and get approved. The projects and the money behind them are guaranteed not to be fraudulent.
Top 5 Crypto Launchpad Platforms
These top crypto launchpad are at the forefront of the field in fostering the development of new blockchain-based projects. Let’s quickly review the functionality and benefits of each option.
1) BSC Pad
BSC Pad is the first launch pad of the BSC Network. The platform’s fully decentralized protocol facilitates fundraising, distributes tokens, and provides greater liquidity for blockchain-based projects.
BSC Pad stands out among launch pads due to its innovative “two-round allocation model”. Early investors in this model have access to tiered allocation guarantees. On the other hand, BSC Pad users will receive round unsold items based on a FCFS (first come first served) model.
2) Bull Perks
Bull Perks has built a reputation as an open and community-focused decentralized VC and multi-chain crypto launch platform.
Bull Perks founders are active in the business world as entrepreneurs and public figures. The platform’s developers and marketers have worked with and built a wide range of successful cryptocurrency and technology companies throughout their careers.
Bull Perks is committed to meeting the needs of its user base by serving as a trusted platform from which users can launch successful businesses and offer lucrative investment options. Bull Starter makes the fully decentralized nature available to all investors by implementing a simple 6-tier allocation system.
3) Trust Exchange
Trust Swap uses the BSC Network as its foundation, serving as a decentralized launchpad development company and protocol. $SWAP, the platform’s native token, allows users to access state-of-the-art multi-chain exchanges and offers additional options to address issues associated with splitting payments and subscriptions.
Trust Swap, a Canadian startup, launched in mid-2020 to popularize smart contracts and facilitate “customizable transactions” in the decentralized finance (DeFi) and cryptocurrency industries.
4) Duck DAO Duck Starter
Duck STARTER launches blockchain-based projects in front of a wide audience as a decentralized crypto launch pad.
Duck DAO’s core platform is Duck STARTER, which uses the same $DUCK token. Both Ethereum and BSC Networks support the platform’s native token, which is essential for its functionality.
Duck STARTER will provide marketing and expert guidance to approved teams on the platform to help them grow naturally and sustainably.
5) we start
At first, We Starter uses the HECO network to perform a cross-chain token exchange. The platform allows trading of initial projects based on BSC, Ethereum, and HECO, and plans to support Polka, Avalanche, and other public blockchains in the future. The first quarter of 2021 saw the go-live of the platform.
